Lisa is a full time undergraduate student who wants to claim

Lisa is a full time undergraduate student who wants to claim AOTC. She brings in her school billing statement as well as receipts for books she purchased for her college courses. Lisa informs her Tax Professional that she did not receive a Form 1098-T. The Tax Professional should do which of the following to meet the due diligence record keeping requirement?

Solution

Some of the institutes are not required to give 1098-T form.

In this case, The tax professional should ensure to keep records that show the student was enrolled at an eligible education institution and the amount of paid qualified tuition and related expenses. Copies of these may be required to be sent to IRS contacts you regarding your claim of the credit.