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Instructions for Student changed its method of reporting if the method (payments received) used for 2016 is

You, or the person who can claim you as a dependent, may be able to claim an different from the reporting method used for 2015 (amounts billed). You should be aware
education credit on Form 1040 or Form 1040A. This statement has been furnished to of this change in figuring your education credits.
you by an eligible educational institution in which you are enrolled, or by an insurer who Box 4. Shows any adjustment made for a prior year for qualified tuition and related
makes reimbursements or refunds of qualified tuition and related expenses to you. This expenses that were reported on a prior year Form 1098-T. This amount may reduce any
statement may help you claim an education credit. To see if you qualify for a credit, and allowable education credit that you claimed for the prior year (may result in an increase in
for help in calculating the amount of your credit, see Pub. 970, Tax Benefits for tax liability for the year of the refund). See recapture in the index to Pub. 970 to report a
Education; Form 8863, Education Credits; and the Form 1040 or 1040A instructions. reduction in your education credit or tuition and fees deduction.
Your institution must include its name, address, and information contact telephone Box 5. Shows the total of all scholarships or grants administered and processed by the
number on this statement. It may also include contact information for a service eligible educational institution. The amount of scholarships or grants for the calendar year
provider. Although the filer or the service provider may be able to answer certain (including those not reported by the institution) may reduce the amount of the education
questions about the statement, do not contact the filer or the service provider for credit you claim for the year.
explanations of the requirements for (and how to figure) any education credit that you TIP. You may be able to increase the combined value of an education credit and certain
may claim. educational assistance (including Pell Grants) if the student includes some or all of the
Student's identification number. For your protection, this form may show only the educational assistance in income in the year it is received. For details, see Pub. 970.
last four digits of your social security number (SSN), individual taxpayer identification Box 6. Shows adjustments to scholarships or grants for a prior year. This amount may
number (ITIN), adoption taxpayer identification number (ATIN), or employer affect the amount of any allowable tuition and fees deduction or education credit that you
identification number (EIN). However, the issuer has reported your complete claimed for the prior year. You may have to file an amended income tax return (Form
identification number to the IRS.
1040X) for the prior year.
Account number. May show an account or other unique number the filer assigned to
Box 7. Shows whether the amount in box 1 or 2 includes amounts for an academic period
distinguish your account.
Caution. Education credits may only be claimed for qualified tuition and related beginning January-March 2017. See Pub. 970 for how to report these amounts.
expenses that were actually paid in 2016. Institutions may report either payments Box 8. Shows whether you are considered to be carrying at least one-half the normal full-
received during the calendar year in box 1 or amounts billed during the calendar year in time workload for your course of study at the reporting institution.
box 2 and they may change their reporting method as reported in box 3. The amount Box 9. Shows whether you are considered to be enrolled in a program leading to a
shown in box 1 or box 2 may represent an amount other than the amount actually paid graduate degree, graduate-level certificate, or other recognized graduate-level educational
in 2016. credential.
Box 1. Shows the total payments received in 2016 from any source for qualified tuition Box 10. Shows the total amount of reimbursements or refunds of qualified tuition and
and related expenses less any reimbursements or refunds made during 2016 that relate related expenses made by an insurer. The amount of reimbursements or refunds for the
to those payments received during 2016. calendar year may reduce the amount of any education credit you can claim for the year
Box 2. Shows the total amounts billed in 2016 for qualified tuition and related expenses (may result in an increase in tax liability for the year of the refund).
less any reductions in charges made during 2016 that relate to those amounts billed Future developments. For the latest information about developments related to Form
during 2016. 1098-T and its instructions, such as legislation enacted after they were published, go to
Box 3. Shows whether your institution changed its method of reporting for 2016. It has www.irs.gov/form1098t.

CORRECTED

FILERS name, street address, city or town, state or province, country, ZIP or 1 Payments received for OMB No. 1545-1574
foreign postal code, and telephone number qualified tuition and related
expenses
Atlantic Cape Community College
5100 Black Horse Pike
Mays Landing, NJ 08330
$
2 Amounts billed for
20 16 Tuition
Statement
qualified tuition and
related expenses

609-343-5105 $ 2,965.80 Form 1098-T


FILERS federal identification no. STUDENT'S taxpayer identification no. 3 If this box is checked, your educational institution Copy B
has changed its reporting method for 2016
23-7368159 XXX-XX-4506 For Student
STUDENT'S name 4 Adjustments made for a 5 Scholarships or grants
prior year This is important tax
Jimmy L Chu information and is
being furnished to
$ $ 2,887.00 the Internal
Street address (including apt. no.) 6 Adjustments to 7 Checked if the amount in Revenue Service.
scholarships or grants box 1 or 2 includes This form may be
3009 Fairmount Ave for a prior year amounts for an academic used to complete
City or town, state or province, country, and ZIP or foreign postal code period beginning January - Form 8863 to claim
education credits.
March 2017
Atlantic City, NJ 08401 $ Give it to the tax
preparer or use it to
Service Provider/Acct. No. (see instr.) 8 Check if at least 9 Checked if a graduate 10 Ins. contract reimb./refund
prepare the tax
half-time student student . . . . return.
0924956 $
Form 1098-T (keep for your records) www.irs.gov/form1098t Department of the Treasury - Internal Revenue Service

Atlantic Cape Community College


5100 Black Horse Pike
Mays Landing, NJ 08330

Jimmy L Chu

3009 Fairmount Ave


Atlantic City, NJ 08401