Under current Internal Revenue Service regulations, scholarships or grants for room and board must be reported on the student’s tax return as taxable income. For any F-1 visa student who resides in a country that does not have a tax treaty with the United States, the university will bill that student 14 percent of the award for room and board.

U.S. Citizens

Please contact your tax advisor on how to report your taxable scholarship income on your U.S. Income Tax Return.

1098-T

Lynn University is required to file to the Internal Revenue Service (IRS) for each student who enrolled and for whom a reportable transaction was made on their student account, a 1098-T, Tuition Statement .

As of tax year 2018, Lynn University will report the amount paid for the calendar year for qualified expenses. Each student is required to verify that their social security number is on file in the Office of the Registrar no later than December 31, 2018, in order for a 1098-T to be produced.

Students have the option to receive their 1098-T electronically or by mail. Students must consent to receiving this form electronically or a paper version will be mailed to the legal home permanent address listed on file with the Office of the Registrar.

In the event that Lynn University does not have the student social security number on file, a blank number will be reported to the IRS when the 1098-T records are submitted to them. Students may be penalized $50 by the IRS for not submitting the social security number to the University on a timely basis. Lynn University does not provide the 1098T information to students that are considered to be nonresident aliens (not U.S. citizens). Students with this standing cannot claim the tax credit and would need to use an IRS 1040NR or 1040NREZ form to report their taxes.

Students that provide electronic consent on my Lynn, will have 1098- T’s available by January 23, 2019. All other students will have a paper copy mailed by January 31st, 2019.

International Students

All foreign nationals are required to complete a profile on the Foreign National Information System site at: fnis.thomsonreuters.com/Lynn. All international students will have an FNIS hyperlink sent to their Lynn University email address. Students will also have their initial user ID and password emailed to them. The registration onto this system is required to be updated each year by the student prior to pre-registration of the next year’s courses.

1042-S

The university remits this 14 percent to the IRS and reports it as federal income tax withheld. It is the student’s responsibility to file his/her taxes by the required due date with the IRS.

The 1042-S will be available on the FNIS site by January 31, 2019.

All F-1 nonimmigrant student as per U.S. federal law, may need to file a form 8843 for every year he/she is present in the U.S. regardless of whether or not he/she earned any money. This does not necessarily mean he/she has to pay taxes; however, in order to avoid any issues with his/her status as an F-1 student, he/she may need to complete and submit the IRS Form 8843. The IRS Form 8843 is available in the FNIS system.

If a U.S. scholarship recipient, has worked on campus or off campus as a paid intern, in order to avoid any issues with their status as an F- 1 student, they are required to file the IRS Form 1040NR-EZ, U.S. Income Tax Return for Certain Nonresident Aliens With No Dependents. This IRS Form 1040NR-EZ is available at the IRS website.