1099 Forms Guide & Resources

Everything you need to know about filing 1099s, W-2s, and other tax forms for your business

Overview

File Form 1098 Online – Mortgage Interest Statement

Form 1098 is used by lenders to report mortgage interest of $600 or more received from borrowers during the tax year. Borrowers use this information to claim deductions on their tax returns.

Our platform makes it simple to issue 1098 forms securely, meet IRS deadlines, and deliver borrower statements electronically or by mail.

What is Form 1098?

Form 1098 is the Mortgage Interest Statement, filed by banks, mortgage companies, and loan servicers to report mortgage interest payments made by borrowers.

Who Must File a 1098 Form?

You must file if you are a:

  • Bank, credit union, or mortgage lender receiving $600+ in interest

  • Government agency servicing loans

  • Loan service provider managing mortgage payments

Information Needed to Complete a 1098

  • Lender (payer) details: name, address, EIN

  • Borrower details: name, address, SSN

  • Total mortgage interest received

  • Property address securing the mortgage

How to eFile 1098 Online Easily

  • Gather borrower mortgage data

  • Validate borrower and lender TINs

  • Submit electronically to IRS

  • Provide borrower copies via eDelivery or print & mail

Common Filing Errors to Avoid

  • Failing to report mortgage interest of $600+

  • Using incorrect borrower SSNs

  • Omitting property address information

  • Late or missing borrower statements

IRS 1098 Deadlines

  • Winner copies: January 31
  • IRS eFile: March 31

Why eFile Your 1098 Form With Us?

  • IRS-approved secure filing
  • Threshold checks to prevent mistakes
  • Fast recipient delivery

Frequently Asked Questions

What is Form 1098 used for?
To report mortgage interest of $600 or more received from borrowers.

Who files Form 1098?
Lenders, mortgage companies, government agencies, and loan servicers.

Do borrowers need Form 1098?
Yes, it helps them claim mortgage interest deductions on their tax return.

Can I eFile multiple 1098 forms at once?
Yes, our system supports bulk uploads for high-volume lenders.

What happens if I miss the filing deadline?
The IRS may impose per-form penalties, and borrowers may lack required tax documents.

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