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Tax Information
In January of each year, the IRS requires Geneva College to provide students with a 1098-T Form for the preceding calendar year. The 1098-T Form can help determine eligibility for either the Hope Scholarship Tax Credit or Lifetime Learning Tax Credits and the dollar amount that can be claimed. For more information on these tax credits, visit the following links:
Understanding the Hope Scholarship Tax Credit
Understanding the Lifetime Learning Tax Credit
The Form 1098-T is sent to students from ECSI, a third-party administrator, not from Geneva College. Students will receive an e-mail from ECSI containing information on the 1098-T Form as well as links to further instructions on their website and “Frequently Asked Questions.” These links are:
Information: www.ecsi.net/1098T
FAQs: http://www.ecsi.net/2010_1098t_faq.pdf
There is a wealth of information provided at these websites, including instructions on how to proceed if the 1098-T Form from ECSI is not received and on how to access an online account with ECSI.
Neither ECSI nor Geneva College is able to provide any information or advice beyond what is available on the ECSI website. For further clarification, consult the IRS website on 1098-T Forms at http://www.irs.gov/pub/irs-pdf/i1098et.pdf or a professional tax consultant.