Instructions For Forms 1098-E And 1098-T - 2017


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
Limited penalty relief. For the 2017 calendar year,
electronic system must require, as the final entry in the
Announcement 2016-42, available at
submission, an electronic signature by the borrower whose
2016-49_IRB/ar10.html, provides that no penalties will be
name is on Form W-9S. The signature authenticates and
imposed under section 6721 or 6722 for reporting the
verifies the submission. See Announcement 98-27, which is
aggregate amount billed, instead of the aggregate amount of
on page 30 of Internal Revenue Bulletin 1998-15 at
payments received, for qualified tuition and related expenses
on Form 1098-T. Beginning in 2018, only the qualified tuition
and related expenses actually paid can be reported on Form
Electronic reporting. For Forms 1098-E and 1098-T, you
must file electronically if you are required to file 250 or more
returns. See part F in the 2017 General Instructions for
Certain Information Returns for more information.
General instructions. In addition to these specific
Penalties. For Forms 1098-E and 1098-T, penalties may be
instructions, you should also use the 2017 General
imposed for failure to file or failure to furnish correct forms.
Instructions for Certain Information Returns. Those general
However, under certain circumstances, the penalties may be
instructions include information about the following topics.
waived. See part O in the 2017 General Instructions for
Who must file (nominee/middleman).
Certain Information Returns for more information.
When and where to file.
Electronic reporting requirements.
Specific Instructions for Form 1098-E
Corrected and void returns.
File Form 1098-E, Student Loan Interest Statement, if you
Statements to recipients.
receive student loan interest of $600 or more from an
Taxpayer identification numbers.
individual during the year in the course of your trade or
Backup withholding.
Other general topics.
The $600 threshold applies to each borrower regardless
You can get the general instructions at
of the number of student loans obtained by that borrower.
Instructions for Certain Information
However, you may file a separate Form 1098-E for each
student loan of the borrower, or you may file one Form
1098-E for the interest from all student loans of the borrower.
Form W-9S. You may use Form W-9S, Request for
Student's or Borrower's Taxpayer Identification Number and
Who must file. File Form 1098-E if you are a financial
Certification, to obtain the student's or borrower's name,
institution, governmental unit (or any of its subsidiary
address, taxpayer identification number, and student loan
agencies), educational institution, or any other person who
certification to be used when filing Form 1098-E or 1098-T.
receives student loan interest of $600 or more from an
Use of Form W-9S is optional; you may collect the
individual during the year in the course of your trade or
information using your own forms, such as admission or
enrollment forms, or financial aid applications. You may
If more than one person has a connection with the loan,
collect the student's or borrower's information on paper or
only the first person to receive the interest payment must file
Form 1098-E. For example, a loan service or collection agent
Electronic submission of Form W-9S. An educational
receiving payments on behalf of the lender must file.
institution, insurer, or lender may establish a system for
Qualified student loan. To be reportable for 2017, a
students and borrowers to submit Form W-9S electronically,
student loan must be either:
including by fax. Generally, the electronic system must:
Subsidized, guaranteed, financed, or otherwise treated as
1. Ensure the information received is the information sent
a student loan under a program of the federal, state, or local
and document all occasions of user access that result in the
government, or of a postsecondary educational institution; or
Dec 20, 2016
Cat. No. 27990J


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