The Daily Bulletin

Alert:

testing.

About
learn about our college

Admissions
Investing in yourself pays lifelong dividends

Financial Aid
Helping students pay for college

Academics
Providing university transfer and in-demand career programs

Student Services
Helping students succeed

Community Education
Offering non-credit courses for both business and pleasure

Center for Workforce Development
Meeting the area's workforce needs

Foundation
Enhancing Walters State through private support

Alumni
Providing opportunities for alumni to reconnect

Campuses
Making education convenient

Expo
Providing agribusiness, educational and commercial activities and events

Contact
Get in touch with us

Athletics
Go Senators!

A-Z Index
Search our site alphabetically

Communications and Marketing
We keep you connected

Directory
Search our team

Quality Enhancement Plan
Student learning and teaching effectiveness development

IET
Information and educational technologies

Printing Services
Supplying the institution with quality printed materials

Business Office
Serving students and college departments

Global Connections
Bringing international events to our students

Senators Emergency Text
Get the latest emergency communications

Support Staff Council
Providing resources for our staff

Special Events
Bringing new experiences to our students and community

Catalog & Student Handbook
Requirements and college information

Academic & Events Calendar
Keep tabs on important dates

Student Tax Information:: 1098-T

Walters State Community College mails 1098-T forms each year before January 31st in compliance with IRS regulations. The 1098-T is mailed to the students' permanent home address on file in Admissions. Once the 1098-T data has been processed and forms mailed, the information is available via StarNET.

Access 1098-T data via StarNET

  1. Log into StarNET.
  2. Select STUDENT MENU.
  3. Select STUDENT ACCOUNT.
  4. Select TAX NOTIFICATION.

Information Provided on the 1098-T:

In compliance with IRS regulations and Tennessee Board of Regents policies, WSCC provides the total amount of charges posted to the student account for the tax year along with the total assistance received (financial aid, third party, etc.) for the tax year. This includes only transactions posted to the student account dated January 1 - December 31 (tax year). WSCC does not provide the total amount paid by the student. For the total amount paid for the tax year, the student must refer to their student account via StarNET or their personnel receipts/documents.

Student did not Receive 1098-T

There are several reasons why a student may not receive a 1098-T form. The IRS regulations state that educational institutions are not required to furnish 1098-T forms for:

  • Courses for which no academic credit is offered, even if the student is otherwise enrolled in a degree program
  • Nonresident alien students, unless requested by the student
  • Students whose qualified educational expenses are entirely waived or paid with financial or third party assistance
  • Incorrect permanent address on file in Admissions
  • Students who do not have a Social Security Number

Questions:

Questions concerning the 1098-T data, please contact the Cashier Office at 423.585.2616.

Note: The Cashier Office is only allowed to discuss the student information with the student unless the student has signed a release of information with the Cashier Office.

Questions concerning how to complete your tax return, please consult the IRS, an accountant, or tax preparer.

Overview of Taxpayer Relief Act of 1997

The Taxpayer Relief Act of 1997 (TRA97) introduced several tax incentives pertaining to educational expenses and student loans. The Hope and Lifetime Learning credits offer the ability to reduce your taxes based on qualified educational expenses. The 1098- T form provides a student with the total amount of qualified educational expenses billed (dated) in the current tax year (Box 2). Also, TRA97 provides a deduction for the interest paid on qualifying student loans. The IRS Form 1098-E reports the qualifying student loan interest for the student loan deduction.