May an educational institution furnish Form 1098-T electronically?
Regulations provide that institutions required to furnish Form 1098-T, Tuition Statement PDF, may furnish the statement in an electronic format in lieu of paper, if certain requirements are met. The recipient must affirmatively consent to electronic format; in addition, the regulations mandate certain disclosures, format and an access period.
If all requirements of Treas. Reg. ∫ 1.6050S-2(a)(2) 每 (6) are met, an educational institution may integrate consent to electronic delivery of Form 1098-T as part of a global ※Consent to Do Business Electronically§ agreement. Such agreements may cover primary institutional student business functions such as admissions, registration, Form 1098-T, billings and direct bank deposit. Thus, educational institutions may present the option to consent to receive Form 1098-T electronically as part of such a global agreement, combining consent for electronic delivery of Form 1098-T along with other institutional student business functions such as admissions, registration, billings and direct deposit.