Get Form 1098-ma Mortgage Assistance Payments - Internal Revenue ... - Tcc

This form is used to provide information to the IRS and to homeowners regarding: mortgage payments made by the homeowners, and. mortgage assistance payments made by you with funds allocated from the Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (HFA Hardest Hit Fund).

If you receive mortgage interest of $600 or more in the course of your trade or business, you are subject to the requirement to file Form 1098, even if you are not in the business of lending money.

The current Instructions for Form 1098. To order these instructions and additional forms, go to .irs.gov/EmployerForms. Caution: Because paper forms are scanned during processing, you cannot file certain Forms 1096, 1097, 1098, 1099, 3921, or 5498 that you print from the IRS website.

Call your lender's customer service line for a replacement 1098 form. Some lenders charge fees for replacing lost forms. If you never received your 1098, the lender may issue you one for free. Verify the lender has your correct mailing address if you are not living in the home.

Your mortgage lender sends your Form 1098 to you, generally by the end of January of the filing year.

It is generally recommended to file as soon as possible if you have missed the deadline to file form 1098 as the penalty increase with time. The penalty is: If you file within 30 days of the deadline the penalty is $30 per 1098 form with a maximum of $250,000 per year or $75,000 for small businesses.

Even if you didn't receive a 1098-E from your servicer, you can download your 1098-E from your loan servicer's website. If you are unsure who your loan servicer is, log in to StudentAid.gov or call the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243; TTY 1-800-730-8913).