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1098 Forms

1098 Form

What is 1098?

What is it?

1098 – Form 1098 Those engaged in trade or business who receive $600 or more in mortgage interest payments from an individual must report that interest on form 1098. Anyone receiving mortgage interest not in the course of their business or trade, for example someone holding a mortgage on their prior residence, is not required to report the interest. For the purpose of the 1098, the Payer is the person remitting the interest payments and the Recipient or Payee is the entity receiving the interest payment. The entity receiving the payment has the reporting obligation, which is the reverse of other forms we offer.

Who needs it?

File form 1098 if you are engaged in a trade or business and, in the course of such trade or business, you receive from an individual $600 or more of mortgage interest on any one mortgage during the calendar year.

Who needs 1098?

When to File it

With Tax1099.com, we automatically schedule your IRS e-File transmission date for the e-File deadline. That allows you to make changes to forms after creating them for your vendors and before sending them to the IRS, without the need to issue corrected forms – all at no additional cost for the e-File update. You may also change the scheduled date to occur earlier than the deadline if you prefer.

When to file Form 1098?
Filing Type Due Date
Send 1098 form to the payer by January 31, 2018.
Paper filers must report 1098 to the IRS by February 28, 2018.
IRS form 1098 e-file due date is April 2, 2018.
How long will 1098 form take?

Electronically filed 1098 form is directly transmitted to the IRS from Tax1099.com system. IRS e-filed acceptance acknowledgment comes within 3 to 7 business days.



As low as $0.55 per recipient/per form. For detailed pricing info, click here .