Services are to include, at a minimum, the following categories: 1. Submission of form 1098-T to every student at the University of Rhode Island, Rhode Island College, and the Community College of Rhode Island (estimated at 25,000 each) for whom a reportable transaction has been made during the 2025 calendar year, and each calendar year thereafter during a subsequent five-year period. a. Electronic submission of form 1098-T annually to the Internal Revenue Service, on or before March 31st. b. Distribution of form 1098-T annually to our students, on or before January 31st. c. Each form 1098-T must include the following: i. School name, contact address and phone number, and TIN number. ii. Student name, address, and social security number. iii. Proper completion of boxes one through ten as applicable. iv. On the student document, a brief description of the law and a reference to the appropriate IRS publications. 2. A fully staffed call center to respond to anticipated telephone inquiries. The provider’s contact name and phone number will be printed on form 1098-T and will link to the call center. The call center must provide information on the terms of the Act(s) and related IRS regulations to taxpayers, students, and the school. However, legal and tax advice is not to be provided. 3. A website for students to obtain copies of form 1098-T for the current year, and prior years, if applicable. Site must also provide general information and resources related to higher education tax credits. Must have the ability to load 1098T information into a Cashiering software. 4. A website for administrators which will allow staff to access student 1098-T records, and which will allow managers to make online data corrections if needed.
