How to E-file Form 1098-T Online for 2023 with TaxBandits

Choose Form 1098-T

Select Form 1098-T, choose the appropriate tax year, and proceed. With TaxBandits, you can file your Form 1098-T for current and previous tax years.

Enter Form 1098 -T Information

Enter the required information on Form 1098-T either manually or bulk upload through custom CSV/Excel templates.

Review Form 1098-T

Review the information entered on Form 1098-T and make necessary changes if needed.

 Transmit Form 1098-T to the IRS

After reviewing the form, transmit the completed Form 1098-T to the IRS and State.

Deliver Recipient Copy ( Online /Postal )

You can opt to distribute your recipient copies either through postal mailing or secure online portal.

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Ready to E-file Form 1098-T with the IRS and States?

What Information is Required to E-file Form 1098-T Online?

  • 1. Filer Details : Name, EIN, Address
  • 2. Student Details : Name, TIN, Address
  • 3. Other Form Details : Payment Details including qualified tuition and related expenses, Scholarships or grants, adjustments made for a prior year

Are you ready to file your 1098-T? Get started with your free
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Form 1098-T Online

Benefits of Filing 1098-T online With TaxBandits

Postal Mailing

Postal Mailing

During the process of e-filing your return, you can choose the postal mailing feature. TaxBandits delivers the copies to the recipients.

Advanced Security

Advanced Security

TaxBandits uses a series of protocols to prevent any security breaches. As the data is processed, we use cutting-edge techniques to take care of
data security.

Bulk Upload

Bulk Upload

Save time with our bulk upload template. All you have to do is to download our templates, update all your information, and upload it back into our system.

Online Access

Online Access

Once you have transmitted your Forms, you will be provided access to the secure online portal of TaxBandits where they can view or download their
Form copies.

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Frequently Asked Questions on 1098-T

What is IRS Form 1098-T?

Form 1098-T is used by educational institutions to report to the IRS each student who paid qualified tuition and related expenses. Related expenses include tuition, fees, and course materials required for a student to be enrolled at or attend an eligible educational institution. Insurers must also file Form 1098-T for each individual that received a reimbursement or refund of qualified tuition and related expenses.

If you receive or collect tuition payments on behalf of an eligible educational institution, you may be required to file Form 1098-T. Also, Form 1098-T (Copy B) must be issued to each student.

What Are The Form 1098-T Copies?

The IRS Form 1098-T has to furnished with the following copies:

  • Copy A : For Internal Revenue Service Center
  • Copy B : For Student
  • Copy C : For Filer

When is the deadline to file Form 1098-T?

January 31, 2024 is the due date to distribute copies of Form 1098-T to a recipient. If you choose to file by paper, the deadline is February 28, 2024 for the 2023 Tax Year. The Form 1098-T electronic filing deadline is on March 31, 2024.

What are the Form 1098-T penalties?

Failing to file Form 1098-T, filing with incorrect information, or not completing the Form will result in a penalty from the IRS. Form 1098-T penalties can also be incurred if you report an incorrect TIN, fail to report a TIN, or if you paper file your form when the IRS mandates it to be e-filed. Penalties vary from $50 to $3,282,500.

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