2018 Tax Year Update: 1098-T Reporting Changes Announced by the Chancellor's Office
It’s almost that time of year again: Tax Season! We wanted to take a moment to let you know about an important update regarding your 1098-T tax form for the 2018 tax year.
As required by the Internal Revenue Service (IRS), 1098-T tax forms will be changed from reporting charge information (Box 2 of the tax form) to reporting payment information (now shown in Box 1). Please refer to the Chancellor's Office Message addressing this change from the Bursar’s Office website.
We are required to supply your 2018 1098-T no later than January 31, 2019. After January 31, 2019 or the issuance of your 1098-T form (whichever is sooner), if you have questions regarding the amount in Box 1 or want to know how to obtain an electronic/paper copy of your 1098-T, please contact the Bursar’s Office by:
- Submitting a service ticket: http://bursar.sfsu.edu/inquiry (response time of 1-2 business days)
Visiting us in-Person:
Student Services Building, 1st Floor, Mon- Fri 8:30AM – 5:00PM
Administration Building, 1st Floor, Mon- Fri 8:30AM – 5:00PM
- Calling us: (415) 338-1281
Please note: The Bursar’s Office is not authorized to provide any tax advice, as no one on our staff is a tax expert. We encourage you to share this information with your tax preparer so you can plan your tax filings accordingly.
HOW TO RELEASE YOUR S2 HOLD
Registration Hold (S2) Can Now Be Paid Online! *The last day to release S2 registration holds will be Friday, Feb 22, 2019 by 11:59PM*
An online payment option was made available for students to have their Registration Hold (S2) removed by paying through their Student Center. After logging into your Gateway, you can "Make a Payment" under the "Finances" Section of your Student Center Home Page and must select BOTH of the following payment options:
1) Find the "Release S2 Hold" Category
2) After your selection, you will be asked to "View Details" for BOTH S2 items to make sure you agree to the $45 late registration fee as well as input the exact Tuition and Fee amount you wish to pay. Note: If your payment is not in full, your hold will NOT be released (review the Spring 2019 Fee Schedule in the above section so you can ensure you are paying for the amount of units you need to):
3) Once you've inputted your items, review your amounts a final time to ensure you are paying the correct amount:
*Your amounts may not be identical to these- this is just an example*
4) Once "Checkout" has been clicked and payment has been completed, a receipt will be issued via your SF State e-mail account. Your receipt will act as your agreement to the terms of late registration. The $45 late registration fee is non-refundable.
If you wish to pay for your S2 Hold Release in-person, visit us during normal business hours:
At the Student Service Building or the Administration Building
Mon-Fri from 8:30AM - 5:00PM
FRANCHISE TAX BOARD (FTB) INTERCEPTION NOTICES HAVE BEEN MAILED
Notice: Franchise Tax Board (FTB) Interception Notices will be sent on or around October 1, 2018. Affected students will be given 30 days from the notice date to resolve or dispute the debts before the university reports the debt to the FTB for intercept collection efforts to begin.
How old are charges eligible for FTB Interception?
Outstanding obligations prior to May 1, 2018 will be reported to the Franchise Tax Board (FTB)
Why does the campus go through this process?
The university is required to report the outstanding obligations to the State of California. If SF State students carry any obligations that are dated May 1, 2018 and older, remain outstanding through the date of the notice, and are expecting a State Tax Refund, the FTB will intercept (claim) that tax refund amount and apply it towards the outstanding obligations. This will continue each year until debt is paid in full. If state tax refund amounts are greater than outstanding obligations, the unused portion of the student's tax refund will be returned by the campus; not the FTB.
What is the Gator Pass?
As part of tuition fees, all students pay $180 each semester for a “Gator Pass”—a discounted transit pass incorporated into each student’s OneCard. The transit features of your OneCard are provided through Clipper--your OneCard is also a Clipper Card. Clipper is the all-in-one transit card for the Bay Area. It can hold transit passes, such as the Gator Pass, cash value, BART parking value or any combination thereof.
The Gator Pass affords students a 25% discount on all BART rides to and from Daly City BART Station, as well as unlimited rides on the San Francisco Municipal Transportation Agency (SFMTA)’s MUNI, with the exception of cable cars.
For more information about the Gator Pass, please visit the Associated Students web page at http://asi.sfsu.edu/transitpass.