Limited Penalty Relief for Filers of Form 1098-T, Tuition Statement
Internal Revenue Service (IRS) sent this bulletin at 05/27/2016 11:45 AM EDT
 |
|||
|
|||
Useful Links:IRS Resources |
Inside This Issue
1. IRS Announcement 2016-17: Limited Penalty Relief for Filers of Form 1098-T, Tuition Statement The IRS will not impose penalties under section 6721 or 6722 on eligible educational institutions with respect to Forms 1098-T, Tuition Statement, required to be filed and furnished for the 2016 calendar year under section 6050S if the institution reports the aggregate amount billed for qualified tuition and related expenses on Form 1098-T instead of the aggregate amount of payments received as required by section 212 of the Protecting Americans from Tax Hikes Act of 2015. 2. Read IRS TE/GE Issue Snapshots The IRS Tax Exempt and Government Entities (TE/GE) Knowledge Management periodically issues research summaries called Issue Snapshots on tax-related issues for practitioners. They are posted on IRS.gov’s electronic reading room page under “Training and Reference Materials.” Bookmark and check the page often for helpful new materials. Recent articles include:
If you have a technical or procedural question relating to government entities, please visit IRS.gov. If you have a specific question about exempt organizations, call FSLG Customer Account Services at 1-877-829-5500. Subscribe to the FSLG Newsletter. This message was distributed automatically from the mailing list FSLG. Please Do Not Reply To This Message. |