Instructions For Forms 1098-E And 1098-T - Student Loan Interest Statement And Tuition Statement - 2018


Department of the Treasury
Internal Revenue Service
Instructions for Forms
1098-E and 1098-T
Student Loan Interest Statement and Tuition Statement
Section references are to the Internal Revenue Code unless
2. Make reasonably certain the person accessing the
otherwise noted.
system and submitting the form is the person identified on
Form W-9S,
Future Developments
3. Provide you with the same information as the paper
For the latest information about developments related to
Form W-9S, and
Forms 1098-E and 1098-T and their instructions, such as
4. Be able to supply a hard copy of the electronic
legislation enacted after they were published, go to
Form W-9S if the Internal Revenue Service requests it.
Also, if an electronic Form W-9S is used to obtain the
What’s New
borrower's certification that all the loan proceeds are used
solely to pay qualified higher education expenses, your
On-line pdf fillable Copies B and C. To ease statement
electronic system must require, as the final entry in the
furnishing requirements, Copies B and C of Forms 1098-E
submission, an electronic signature by the borrower whose
and 1098-T have been made fillable on-line in a pdf format,
name is on Form W-9S. The signature authenticates and
available at
or You
verifies the submission. See Announcement 98-27, which is
can complete these copies on-line for furnishing statements
on page 30 of Internal Revenue Bulletin 1998-15 at
to recipients and for retaining in your own files.
Electronic reporting. For Forms 1098-E and 1098-T, you
must file electronically if you are required to file 250 or more
General instructions. In addition to these specific
returns. See part F in the 2018 General Instructions for
instructions, you should also use the 2018 General
Certain Information Returns for more information.
Instructions for Certain Information Returns. Those general
instructions include information about the following topics.
Penalties. For Forms 1098-E and 1098-T, penalties may be
Who must file (nominee/middleman).
imposed for failure to file or failure to furnish correct forms.
When and where to file.
However, under certain circumstances, the penalties may be
Electronic reporting requirements.
waived. See part O in the 2018 General Instructions for
Corrected and void returns.
Certain Information Returns for more information.
Statements to recipients.
Taxpayer identification numbers (TINs).
Specific Instructions for Form 1098-E
Backup withholding.
File Form 1098-E, Student Loan Interest Statement, if you
receive student loan interest of $600 or more from an
Other general topics.
individual during the year in the course of your trade or
You can get the General Instructions for Certain
Information Returns at
or go to
The $600 threshold applies to each borrower regardless
Form W-9S. You may use Form W-9S, Request for
of the number of student loans obtained by that borrower.
Student's or Borrower's Taxpayer Identification Number and
However, you may file a separate Form 1098-E for each
Certification, to obtain the student's or borrower's name,
student loan of the borrower, or you may file one Form
address, taxpayer identification number, and student loan
1098-E for the interest from all student loans of the borrower.
certification to be used when filing Form 1098-E or 1098-T.
Who must file. File Form 1098-E if you are a financial
Use of Form W-9S is optional; you may collect the
institution, governmental unit (or any of its subsidiary
information using your own forms, such as admission or
agencies), educational institution, or any other person who
enrollment forms, or financial aid applications. You may
receives student loan interest of $600 or more from an
collect the student's or borrower's information on paper or
individual during the year in the course of your trade or
Electronic submission of Form W-9S. An educational
If more than one person has a connection with the loan,
institution, insurer, or lender may establish a system for
only the first person to receive the interest payment must file
students and borrowers to submit Form W-9S electronically,
Form 1098-E. For example, a loan service or collection agent
including by fax. Generally, the electronic system must:
receiving payments on behalf of the lender must file.
1. Ensure the information received is the information sent
Qualified student loan. To be reportable for 2018, a
and document all occasions of user access that result in the
student loan must be either:
Subsidized, guaranteed, financed, or otherwise treated as
a student loan under a program of the federal, state, or local
government, or of a postsecondary educational institution; or
Nov 15, 2017
Cat. No. 27990J


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