The attached files are samples of the 2011 E-File Magic Version of the 1098-E and 1098-T forms. These forms are used by both the  corporate efile service E-File Magic software and our processing bureau when preparing your data for mailing.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Specific Instructions for Form 1098-E

File Form 1098-E, Student Loan Interest Statement, if you receive student loan interest of $600 or more from an individual during the year in the course of your trade or business.

The $600 threshold applies to each borrower regardless of the number of student loans obtained by that borrower.  However, you may file 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.

Specific Instructions for Form 1098-T

File Form 1098-T, Tuition Statement, if you are an eligible education institution.  You must file for each student you enroll and for whom a reportable transaction is made.  Also, if you are an insurer, file Form 1098-T for each individual to whom you made reimbursements or refunds of qualified tuition and related expenses.

Download our 1098-E and 1098-T software!

E-File Magic also offers software for: Form 1097-BTC, Form 1099, Form 5498, Form 3922, Form 3921, and Form W-2G.