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