IRS 1098-E 2019 free printable template

Future developments. For the latest information about developments related to Form 1098-E and its instructions such as legislation enacted after they were published go to Copy C For Recipient Paperwork Reduction Act Notice see the 2018 General To complete Form 1098-E use Returns and the 2018 Instructions for Forms 1098-E and 1098-T. 1220. The IRS does not provide a fill-in form option for Need help If you have questions about reporting on Form 1098-E call the information reporting customer...service site toll free at 866-455-7438 or 304-263-8700 not toll free. VOID CORRECTED OMB No. 1545-1576 RECIPIENT S/LENDER S name street address city or town state or province country ZIP or foreign postal code and telephone number Student Loan Interest Statement Form 1098-E RECIPIENT S TIN BORROWER S TIN 1 Student loan interest received by lender Copy A For Internal Revenue Service Center BORROWER S name File with Form 1096. Attention Copy A of this form is provided for informational purposes...only. Copy A appears in red similar to the official IRS form* The official printed version of Copy A of this IRS form is scannable but the online version of it printed from this website is not. Do not print and file copy A downloaded from this website a penalty may be imposed for filing with the IRS information return forms that can t be scanned* See part O in the current General Instructions for Certain Information Returns available at www*irs*gov/form1099 for more information about penalties....Please note that Copy B and other copies of this form which appear in black may be downloaded and printed and used to satisfy the requirement to provide the information to the recipient. To order official IRS information returns which include a scannable Copy A for filing with the IRS and all other applicable copies of the form visit www. IRS*gov/orderforms. Click on Employer and Information Returns and we ll mail you the forms you request and their instructions as well as any publications you...may order. Electronically FIRE system visit www. IRS*gov/FIRE or the IRS Affordable Care Act See IRS Publications 1141 1167 and 1179 for more information about printing these tax forms. Street address including apt* no* City or town state or province country and ZIP or foreign postal code 2 Check if box 1 does not include loan origination fees and/or capitalized interest and the loan was made before September 1 2004. Account number see instructions Cat* No* 25088U www*irs*gov/Form1098E For...Privacy Act and Paperwork Reduction Act Notice see the 2018 General Certain Information Returns. Department of the Treasury - Internal Revenue Service D o Not Cut or Se p a r a te F o rm s o n T h is P ag e D o N o t C u t or S e pa ra te Fo rm s o n T h is Pa g e CORRECTED if checked 2 If checked box 1 does not include loan origination fees and/or capitalized interest for loans made before September 1 2004. keep for your records Copy B For Borrower This is important tax information and is...being furnished to the IRS* If you are required to file a return a negligence penalty or other sanction may be imposed on you if the IRS determines that an underpayment of tax results because you overstated a deduction for student loan interest.

Instructions and Help about IRS 1098-E

How to edit IRS 1098-E

How to fill out IRS 1098-E

Instructions and Help about IRS 1098-E

How to edit IRS 1098-E

To edit IRS 1098-E, use tools that allow you to modify forms, such as pdfFiller. Start by uploading the document to the platform, where you can easily edit text fields, correct errors, or add information as required. Make sure to save any changes you make and verify the accuracy of the information before submitting the form.

How to fill out IRS 1098-E

To fill out IRS 1098-E, follow these steps:

1. Obtain the form from a trusted source or generate it using tax preparation software.
2. Enter your personal information, including your name, Social Security Number, and address.
3. Fill in the details of student loan interest received during the tax year.
4. Ensure all sections are completed accurately and double-check your entries.

Filling out the form correctly is crucial, as inaccuracies may lead to issues with the IRS or complications in your tax filings. Consider consulting with a tax professional if you need assistance.

About IRS 1098-E 2019 previous version

What is IRS 1098-E?

What is the purpose of this form?

Who needs the form?

When am I exempt from filling out this form?

Components of the form

What are the penalties for not issuing the form?

What information do you need when you file the form?

Is the form accompanied by other forms?

Where do I send the form?

About IRS 1098-E 2019 previous version

What is IRS 1098-E?

IRS 1098-E is a tax form used to report the amount of student loan interest paid during the tax year. Borrowers can use this form to determine their eligibility for a deduction on their federal income taxes. The form is issued by the lender to the borrower who has made interest payments on a qualified student loan.

What is the purpose of this form?

The purpose of IRS 1098-E is to provide necessary information regarding student loan interest to the IRS and the taxpayer. It enables taxpayers to claim deductions on their income tax returns, which can reduce taxable income and potentially lower the overall tax liability.

Who needs the form?

Taxpayers who paid interest on qualified student loans during the tax year are required to receive IRS 1098-E from their lenders. If you qualify based on the interest paid, you will use this form to request deductions on your federal tax return.

When am I exempt from filling out this form?

Borrowers may be exempt from filing IRS 1098-E if they did not make any student loan interest payments during the year or if the interest paid is not eligible for deduction due to specific limitations or if the loan does not qualify as a student loan under IRS guidelines.

Components of the form

IRS 1098-E consists of several key components, including the borrower's information (name and Social Security Number), lender's information, the total amount of student loan interest paid during the year, and any additional remarks for clarity. Each section must be filled out accurately to ensure it meets IRS requirements.

What are the penalties for not issuing the form?

If a lender fails to issue IRS 1098-E or issues it incorrectly, it may face penalties imposed by the IRS. The penalty amounts can vary based on the severity and timing of the failure. Taxpayers relying on the form for deductions may also face complications in claiming their eligible interest on taxes.

What information do you need when you file the form?

To file IRS 1098-E, gather the following information: your personal details (name, Social Security Number, address), the lender's contact information, the total interest paid on the student loan throughout the year, and any necessary tax identifiers that may be required. Accurate documentation ensures a smooth filing process.

Is the form accompanied by other forms?

IRS 1098-E may be accompanied by other forms that taxpayers submit with their federal income tax returns, particularly Schedule A if claiming itemized deductions. While IRS 1098-E specifically details student loan interest, it must be reported in the context of the overall tax return.

Where do I send the form?

IRS 1098-E is typically not sent directly to the IRS by borrowers. Instead, the lender must submit the form to the IRS and provide a copy to the borrower. The taxpayer then includes the relevant information from the 1098-E on their tax return submitted to the IRS. Ensure that you keep your copy for personal records.