1095 series - more delays

[Snaggletooth]

Somehow, giant insurance companies who can intercept a duplicate or fraudulent medical claim, are magically incapable of issuing 1095 series on time, even though they have been given years to prepare for this.

I'm noticing where they have been given another reprieve for the current filing system - to March 31, 2017 if they need it. Means as preparers we won't be able to see the 1095 for most clients. Again.

Makes me sick when they put our clients in the electric chair for being late on filing a return, but then do absolutely nothing to fortune 500 companies who claim they don't have the resources to develop delivery expertise after being given years to do so.

[Burke]

Likewise, another concession to schools & colleges who can't possibly put the Tuition Amt Received on a 1098-T, but seem to know exactly what each student has paid (and if any balance is due) at any given time. And who must give the student this information anyway in order to qualify for the AOC.

[DonPriebe]

Some sympathy on 1098-T

College bills $3000 tuition and $3000 room and board. Student sends in check for $2000. What number should the college put on the 1098-T in the paid box?

[spanel]

College bills $3000 tuition and $3000 room and board. Student sends in check for $2000. What number should the college put on the 1098-T in the paid box?

Was the balance due paid by a student loan or ?

Chris

[Rapid Robert]

College bills $3000 tuition and $3000 room and board. Student sends in check for $2000. What number should the college put on the 1098-T in the paid box?

Nothing, as the student wouldn't be enrolled and wouldn't be moving into the dorm, until balance paid.

[David1980]

College bills $3000 tuition and $3000 room and board. Student sends in check for $2000. What number should the college put on the 1098-T in the paid box?

Depends on school policy really - they would need to decide whether to apply partial payments to tuition or room and board first. If the full balance is paid part by student part by financial aid it makes sense to apply student payments to tuition first to the extent allowed. They would be better qualified to determine that than most preparers (so many that do taxes based on assumptions of whether the student's particular financial aid / grants are permitted to cover room and board.)