The IRS has changed the reporting requirements for educational institutions issuing Form 1098-T to their students. The new requirement is to report only qualified tuition and related expenses actually paid rather than choosing between amounts paid and amount billed, as under the prior law. Be on the lookout for your Form 1098T in early 2017 and bring it in for your tax preparation appointment so we can take full advantage of the education credits / deductions for you!
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