Lifetime learning credit

[mrtax]

Is a 1098-T required this year for a LLC? The college (which is accredited) says that they only issue forms for "credit bearing courses"

[TAXNJ]

College

Is a 1098-T required this year for a LLC? The college (which is accredited) says that they only issue forms for "credit bearing courses"

Have the student LLC contact the college as to whether student LLC will receive one or not

[Burke]

Is a 1098-T required this year for a LLC? The college (which is accredited) says that they only issue forms for "credit bearing courses"

If the tuition qualifies for the Lifetime Learning Credit he may take it on his tax return. So if he is not taking any "credit bearing courses" he must not be paying anything for them? There must be an expense paid in 2015 to take the LLC as that is what it is based on. Form 1098-T is going to be required for any educational credit beginning in 2016. If you have other documentation like a transcript or proof of payment, you can use that for 2015.

[kathyc2]

I'm guessing the credit bearing courses means it's not a regular college course. The local college here offers community based extended learning classes on such things as using Excel which are not for college credit and no 1098T.

[TAXNJ]

Llc

To take the guesswork out of this and you asked the college their reason when and if they send the form for a definite answer since they have or gave you the answer to your specific situation. See below the requirements how you may or may not take the credit.

if you want to learn more about the LLC and form 1098T, see below:

Info on LLC

https://www.irs.gov/Individuals/LLC

and check form 1098T instructions for additional info.

[mrtax]

We asked the college if they will issue a 1098-T and their response was that they will only issue the forms for credit bearing courses. TP is taking a medical coding course so she can prepare for a national certification of "Medical Coder". I would think that it qualifies for LLC. We have the invoice statements that show the cost of tuition but not sure if the IRS requires the form for both AOC & LLC.

[TAXNJ]

Should be

We asked the college if they will issue a 1098-T and their response was that they will only issue the forms for credit bearing courses. TP is taking a medical coding course so she can prepare for a national certification of "Medical Coder". I would think that it qualifies for LLC. We have the invoice statements that show the cost of tuition but not sure if the IRS requires the form for both AOC & LLC.

Should be addressed on the IRS web-site c/o LLC. Have you referred to it? If no, it might give you what you need