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489 education refers to a tax form that must be filed by educational institutions to report information on tuition and related expenses paid by students.
Generally, educational institutions such as colleges, universities, and vocational schools are required to file 489 education.
Educational institutions must gather information on tuition payments, scholarships, grants, and expenses from students, and report this information on the 489 education form.
The purpose of 489 education is to provide the IRS with information on educational expenses paid by students and to claim tax benefits such as education credits and deductions.
Information such as tuition payments, scholarships, grants, expenses, and the student's tax identification number must be reported on 489 education.
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