ECSI’s 1098T/Tax Reporting Service is designed to work in accordance with The Taxpayer Relief Act of 1997 (TRA-97) and the Internal Revenue Code, which states that a school must file a 1098T form for any enrolled student where a reportable transaction (tuition and fees) was made.
When done in-house this process can take a big toll on an institution’s time and budget. Many schools who had tried to comply with this regulation found itself hiring extra staff, being bogged down in manual processes (such as stuffing envelopes and printing) and being inundated with student calls and questions. A process that would take a school weeks, or even months, to complete and manage is now as easy as sending a file to ECSI and letting us take care of the rest.
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For more information on these and other industry-leading products and services we offer, please contact the ECSI Sales Department.