Tax Information - Form 1098-T
Warning - If your social security number is incomplete or missing from your student account with Lansing Community College, a 1098-T statement will not generate. Educational institutions must have your social security number to file certain returns with the IRS and furnish you with an accurate 1098-T (tuition statement). If you are not eligible to have a social security number, your taxpayer identification number is sufficient. The return the college must file contains information regarding qualified tuition and related expenses (1098-T) that you may be eligible to claim and reduce federal income tax. Do not send this form to the IRS. Please fill out the W-9 form and mail back to:Lansing Community College Registrar's Office Mail Code: 1121 PO Box 40010 Lansing, MI 48901.
- IRS website W-9 form: http://www.irs.gov/pub/irs-pdf/fw9.pdf
Beginning for the tax year 2012, Lansing Community College, in an effort to "Go Green," will eliminate mailing 1098-T tax forms to students. Students have online access to their 1098-T form through their Banner Self Service and are able to print the form if required. If there is an issue with printing the form from Banner please call the Student Finance Office at 517-483-1005.
Directions for Electronic 1098-T
- From the Lansing Community College home page, log into your Banner Self Service.
- After entering the secure area click on the "Student" tab.
- Once in the "Student" tab click the link for "Student Account."
- Click the link marked "Tax Notification."
- Enter in the tax year for the 1098-T you want to print out and then click "submit."
The 1098-T form reports the amount of qualified expenses a student was charged during the tax year, as well as, any scholarships or grants that the student received. If the scholarships, grants exceed the qualified tuition amount a Form 1098-T is not generated since the student is not eligible to claim a credit.
Students whose qualified tuition amount exceeds the scholarships and/or grants may be eligible to qualify for a Hope Credit or a Lifetime Learning Credit, also referred to as education credits on an individual's Federal Income Tax return. Please note that this is based on when the activity hit the account, not according to the term the activity is related to.
If there is an issue with printing the form from Banner please call the Student Finance Office at 517-483-1005.
The student's Form 1098-T will be displayed on the screen and the student can print it off if a paper copy is desired.
Lansing Community College did not generate a 2012 Form 1098-T for you? Common reasons for this to occur are a) you did not have any tuition charges occur in the 2012 tax year, b) The college may not have your social security number. A Social Security Number is required to generate a Form 1098-T. If you feel that this is an error, please contact the Student Finance Office.
Students should refer all tax-related questions to their own tax counsel. Students may get additional information from IRS Publication 970, Tax Benefits for Higher Education or visit the Internal Revenue Service website @ www.irs.gov
Student Finance Office
Gannon Bldg, Room 214
Phone: (517) 483-1272
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