American Opportunity Tax Credit (Formerly Hope Tax Credit) Form (1098T)
Students, who registered during a calendar year, will receive a 1098T American Opportunity Tax Credit Form for that year. These forms are available via MyOCC (for tax years 2009 and later). The forms will be posted no later than January 31st for the preceding year. Previous years forms are available throughout the year. The form indicates the amount of fees charged during the calendar year (regardless of which term the charges were for). Forms will be mailed unless you Opt-In to receive the form electronically online. Once you Opt-In you can only receive the form online. You will not receive a American Opportunity Tax Credit Form (1098T) if you did not supply the college with your social security number at the time you applied to OCC.
Education Tax Benefits and Credits:
The information listed below is offered as a guide for students and not intended to provide professional tax advice. If you have questions or need further assistance you might wish to contact your tax advisor or the Internal Revenue Service (IRS)
What is a 1098T?
The 1098T form is for your use when preparing your taxes.
The 1098T form will be provided by January 31st of each year for the previous calendar year.
Frequently asked Questions by Orange Coast College Students:
1. Is this form a bill?
No, it is not a bill nor a request for payment.
2. Is this form a source of income that I must include on my tax forms?
No, this form is a statement of the amount of enrollment and health fees charged to your student account in the prior calendar year.
3. How is the amount determined?
It will include the amount charged for enrollment fees and health fees.
It includes charges made during the prior calendar year, without regard to the semester the charges apply to. For example, if a charge was processed by the District in December 2010 for the Spring semester beginning January 2011, the charge would be included on the 1098T for calendar year 2010.
4. Who do I contact if I think the information is incorrect?
It is important to remember that the amount on this form consists of charges assessed by the District in a calendar year.
Please read the complete FAQ for answers to questions:
5. Who do I contact if I cannot access my 1098T?
If you have accessed your MyOCC account within the past 365 days, log into your MyOCC account and access the 1098T online. If you cannot access your MyOCC account, submit a service request to Support Services at the following link Technical Support
If you have not accessed your MyOCC account in the last 365 days you may come to OCC, to the first floor of Watson Hall or complete the Duplicate 1098T Request Form
to obtain a copy of the 1098T. Requests for duplicate 1098T forms can only be fulfilled if the students SSN or TIN is on file prior to March 1st of the year being requested.
6. I get an “information missing” message when I try to access my 1098T online.
You did not supply your Social Security Number or Tax ID number when you applied. You must go to the Enrollment Center in Watson Hall and show your Social Security Card or Tax Id information to be able to receive a 1098T. The Social security Number or Tax ID Number must be supplied before March 1st of the reporting year. OCC is not able to provide a 1098T if the SSN or TID is not on file by March 1st. There are no exceptions!
For additional information access the 1098T FAQ
on the Coast District website
For tax information or if you have additional questions or concerns please consult your tax advisor or contact the Internal Revenue Service Center.