Tax Forms Quiz

What is the purpose of a 1098-T tax form?

• To report tuition and related expenses

• To report total income

• To report interest paid on a loan

• To report medical expenses

Where should students be directed to retrieve their 1098-T tax forms?

• IRS

• School

• Lender

• Borrower's portal

What is the purpose of a 1098-E tax form?

• To report tuition and related expenses

• To report total income

• To report interest paid on a loan

• To report medical expenses

Where can borrowers retrieve their 1098-E tax forms?

• School's website

• Lender's office

• IRS office

• Borrower's portal

When will the 2023 1098-E documents be available online?

• December 2023

• July 2022

• January 2023

• January 2024

Can the tax forms be faxed or emailed?

• Yes

• Not mentioned

• It depends

• No

Can employees give tax advice regarding these credits?

• Only to cosigners

• Yes

• No

• Only to primary borrowers

Who should borrowers seek assistance from for tax advice?

• Qualified tax consultant

• Lenders

• Primary borrowers

• Cosigners