Answer:
The IRS requires schools to report "Payments Received for Qualified Tuition and Related Expenses" (Box 1). The University reports only the ""Payments Received for Qualified Tuition and Related Expenses" (Box 1)
This is a change from 2017 when The University reported "Amounts Billed for Qualified Tuition and Related Expenses" (Box 2).
Was this article helpful?
Need more help?
Get one-on-one assistance with your issue by scheduling an appointment today.