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IRS Form 1098 T InformationNevada System of Higher

IRS Form 1098 T InformationNevada System of Higher

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Instructions and help about IRS Form 1098 T InformationNevada System Of Higher

hi I'm Mary bachinger director of tax policy at NBO I'm Brian Dixon director of Student Financial Services and educational programs our goal with this video is to share our interpretation of IRS reporting requirements for highered emergency relief fund dollars or herf dollars there have been plenty of questions that have Arisen about what gets reported where if at all on the IRS Forum 1098 staff and institutions have come to us asking a wide variety of questions related to her funds and 10 on ye reporting in response to the pandemic her fundies have come out in three pieces of legislation beginning first with the cares act last year and finally with the American Rescue plan which was enacted earlier this year following the car's act the IRS characterized student grants as emergency disaster Aid and therefore not income to the student and not taxable nor reportable we also have IRS guidance from earlier this year telling us that the herf grants to students should

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