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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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Presentation on theme: "Gina Curry Director, Student Financial Services Center California State University, Sacramento Anne Gross Vice President, Regulatory Affairs NACUBO."— Presentation transcript:

1 Gina Curry Director, Student Financial Services Center California State University, Sacramento Anne Gross Vice President, Regulatory Affairs NACUBO

2 2011 IRS Penalty Notices W-9s Form Collection TIN Matching Recommendations for completing 1098-T 1098-T into the Future Resources

3 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

4 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? NACUBO SFS Council to host a webinar on this in the coming months

5 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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7 NACUBO Recommendations for Completing From 1098-T Advisory Report 2013 – 2 eas/1098TAdvisoryReport20132.pdf eas/1098TAdvisoryReport20132.pdf

8 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

9 IRS Penalty Notices NACUBO Advisory Report 2013 – 1 Advisory_Report_on_Form_1098_T_Compliance.pdf Advisory_Report_on_Form_1098_T_Compliance.pdf Recommendations for Completing From 1098-T Advisory Report 2013 – 2 oryReport20132.pdf oryReport20132.pdf Roberta McNiel, CPA and Manager of Internal Control & Compliance, CSU Chancellor’s Office,

10 Gina Curry Director, Student Financial Services Center California State University, Sacramento (916) Anne Gross Vice President, Regulatory Affairs NACUBO (202)


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