A New Jersey college is seeking a qualified vendor to deliver a comprehensive, web-based solution for the processing, distribution, and regulatory compliance of IRS Form 1098-T for all eligible students. The required solution must facilitate the generation and management of 1098-T Tuition Statements for both electronic and paper formats, ensuring full compatibility with current IRS regulations.

Key requirements include secure data handling, support for corrections and amendments, batch processing for high-volume environments, and automated data validation to minimize errors. The solution should provide tools for manual data correction, maintain detailed audit trails for compliance purposes, and offer SAML-based single sign-on integration, enabling students to securely access and download their forms via a self-service portal. It is essential for the system to comply with FERPA, GLBA, and relevant data privacy laws, and to feature robust data breach notification processes.

Additional features should include user-friendly documentation and tutorials, the ability to export reports in formats such as CSV, Excel, and PDF, and dashboards for real-time monitoring of the 1098-T processing lifecycle. Collaboration with institutional IT and finance teams will be expected to ensure a seamless implementation and rollout.