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.
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.
Send 1098 form to the payer by January 31, 2017.
Paper filers must report 1098 to the IRS by February 28, 2017.
IRS form 1098 e-file due date is March 31, 2017.
Electronically filed 1098 form is directly transmitted to the IRS from Tax1099.com system. IRS e-filed acceptance acknowledgment comes within 24-48 working hours.