If you are a foreign student and your award is in excess of your tuition and required fees, then Harvard is required to report the amount of the excess and any withholding you were charged to the IRS on Form 1042-S. Harvard must make this report even if you have no withholdings and no tax liability because of a tax treaty.
Form 1042-S is issued to foreign students who have received scholarships that exceed tuition and mandatory fees. Form 1042-S is a report of tax withheld and is mailed in mid-March.
Graduate students who have questions about the information on this form can contact University Tax Services at (617) 495-8500 (option 5). Undergraduates with questions on the 1042-S can contact Student Accounts.
The 1098-T is a record of the financial information reported by Harvard to the IRS on a student's behalf. The information on form 1098T can be used to help you determine if you are eligible for education tax credits when filing a U.S. tax return*. The information includes the total amount paid for qualified tuition and related expenses in a calendar year (Box 1) and the total amount of scholarships or grants disbursed in the calendar year (Box 5)....