As an eligible educational institution, NMSU is required to report reportable transaction information to the IRS, as well as, furnish a Tax Form 1098T to each student having a reportable transaction posted to their account during a tax year. You, or the person who can claim you as a dependent, may be able to claim an education credit on Form 1040 or 1040A for the qualified tuition and related expenses that were actually paid in 2011. To see if you qualify for the credit, see Pub. 970, Tax Benefits for Education; Form 8863, Education Credits; and the Form 1040 or 1040A instructions; each located at www.irs.gov.
The form is mailed the student’s current address on file, no later than January 31 each tax year.
In addition to being mailed, the information is available on myNMSU and can be found under the following navigation links: Student > Student Account > Tax Notification.
Institutions may report either payments received in Box 1 of the form or amounts billed in Box 2 of the form. NMSU only reports amounts billed in Box 2.
Please be advised that University Accounts Receivable is prohibited from providing legal, tax or accounting advice.