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Gina Curry Director, Student Financial Services Center California State University, Sacramento Anne Gross Vice President, Regulatory Affairs NACUBO
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2011 IRS Penalty Notices W-9s Form Collection TIN Matching Recommendations for completing 1098-T 1098-T into the Future Resources
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NACUBO and CO directions for response to IRS IRS agreed to waive 2011 penalties What about 2012? Did anyone pay? NACUBO continuing conversations with IRS
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PS Query to select invalid SSN and place service indicator forwarded from Nicole Louie 10/24/13 Send to all students with missing or invalid SSN with deadline Work with your Registrar to select deadline Form does not require a certifying signature Do you use the optional name and account number fields? http://www.irs.gov/pub/irs-pdf/fw9s.pdf NACUBO SFS Council to host a webinar on this in the coming months
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1098-T not eligible to use the web-based IRS TIN matching program TIN mismatch a bigger problem than missing TIN NACUBO reaching out to AACRAO (Registrars) to see if they can help with this problem Note that Mentor DOES quote Title V and the IRS section about providing a SSN
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NACUBO Recommendations for Completing From 1098-T Advisory Report 2013 – 2 http://www.nacubo.org/Documents/BusinessPolicyAr eas/1098TAdvisoryReport20132.pdf http://www.nacubo.org/Documents/BusinessPolicyAr eas/1098TAdvisoryReport20132.pdf
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NACUBO continues work with the IRS and the federal legislature Lawmakers fail to understand the complications of reporting Pressure to have us all report in Box 1 (Payments) Current recommendation: Report Box 1, Box 2 and Box 5
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IRS Penalty Notices NACUBO Advisory Report 2013 – 1 http://www.nacubo.org/Documents/BusinessPolicyAreas/NACUBO_ Advisory_Report_on_Form_1098_T_Compliance.pdf http://www.nacubo.org/Documents/BusinessPolicyAreas/NACUBO_ Advisory_Report_on_Form_1098_T_Compliance.pdf Recommendations for Completing From 1098-T Advisory Report 2013 – 2 http://www.nacubo.org/Documents/BusinessPolicyAreas/1098TAdvis oryReport20132.pdf http://www.nacubo.org/Documents/BusinessPolicyAreas/1098TAdvis oryReport20132.pdf Roberta McNiel, CPA and Manager of Internal Control & Compliance, CSU Chancellor’s Office, rmcniel@calstate.edurmcniel@calstate.edu
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Gina Curry Director, Student Financial Services Center California State University, Sacramento curryg@csus.edu (916) 278-7433 Anne Gross Vice President, Regulatory Affairs NACUBO agross@nacubo.org (202) 861-2544
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