NMU's Compliance Database - Northern Michigan University
Tuition Payment Credit Reporting Requirements (Form 1098-T to Students)
Reviewed By | Internal Auditor Owner |
Regulation Reference Cite | IRS Code and NACUBO best practice |
Report Due Date (Actual) | January 31 |
Level | Compliance Report |
Oversight Unit | FINANCIAL SERVICES |
Person Responsible | Ross Broughton |
Secondary Person Responsible | Pamela Johnson |
President / VP Level | Finance |
Description |
To avoid being subject to fines for failure to report correct TINs on Form 1098-T, institutions must solicit any missing TINs: • at least once a year • in writing • with a clear notice that the individual is required by law to provide the TIN so that it may be included on an information return. |
Contacts and Data Sources |
Ross Broughton is the secondary |
Internal Notes |
This compliance item has notes that are available internally to the oversight unit. Please contact the Risk Management Department for more information |