The 1098-T is a federal IRS report used for eligible tax credit payments and billings. For details on eligibility and regulations, refer to the IRS publications.
Applies To: Enterprise Plus Basic
Tagging Records as Tax Credit Eligible
To ensure Courses and Revenue Items appear on tax credit-eligible reports, they must be tagged appropriately.
Steps to Tag Courses and Revenue Items:
- Open the Main Menu.
- Select Courses.
- Go to Course Info and tag as Tax Credit Eligible.
- Return to the Main Menu.
- Select Revenue Items and tag them as Tax Credit Eligible.
Printing Tax Credit Eligible Transactions
To generate a report of transactions that match both Course and Revenue Items tagged as Tax Credit Eligible = Yes:
- Open the InSight Menu.
- Select Financial.
- Click Revenue-Expenses.
- The report will display transaction records that meet the eligibility criteria.
For further assistance, refer to related articles or contact support.