Instructions for 2015 1098-C

Here at E-File Magic, in sunny Portland, Oregon.  We are proactive.  So proactive that the 2015 Form 1098-C is already available for use in our application!  We offer two forms early every year; 1098-C and W-2G.  You may be asking yourself, “what exactly is Form 1098-C?”  Well, let me tell you… Form 1098-C is for contributions of Motor Vehicles, Boats, and Airplanes.  Basically, if you donate an airplane to a non-profit organization, they in turn will give you a 1098-C.  This form lists many things including; the year, make, and model of plane.  It will also list the fair market value and if the charitable organization sold the plane, how much they sold it for.

Say, you are a charitable organization who has just received a plane as a donation and you would like to know how to create a 2015 Form 1098-C. Well, let me tell you how easy using the E-File Magic app is; First, go to, in the Dashboard you will see Create a Filer.  Click on the link and it will take you to the Filer page.  Click New and enter in the Charitable Organizations’ information.  Make sure you select 2015 as the filing year, and then click Save.  Next, you will see a navy blue bar towards the top of the screen, click 2. Recipients and in the drop down box click on Manage.  Once you are in the Manage Recipients screen, click on New and select Form 1098-C, enter in the information of the person who contributed the airplane to your charitable organization, click save.  And you are almost done!!!  All you need to do now is to click on 5. Release, make your payment and release!  The form been created and you can get back to enjoying all things summer.

If you need assistance, you can always email us at or give us a call at 877-836-6680.

Oh, and here are the instructions for Form 1098-C i1098c (1)

2015 Instructions for Form 1098

Form 1098 is not a tricky form…. Form 1098 Mortgage Interest Statement is simply that, it’s the statement that reports the amount of interest paid, points paid on purchase of principal residence, and refund of overpaid interest (which must be a positive number).

In my experience, the trickiest part of the 1098 is where to enter in the negative interest amount, or the refunded interest amount.  This goes in Box 3 as a positive number.

If you would like some light reading for this 4th of July weekend, you can look over the instructions on Form 1098. i1098

E-File Magic Application is incredibly simple to use! Try us out with no obligation to buy a software license!!

2015 Instructions for 1097-BTC

As the old saying goes; when life gives you lemons, make lemon-aid.  The same can be said for Bond Tax Credits; when you give out certain tax bond credits, make Form 1097-BTC!  For your reading pleasure, I have included the instructions for Form 1097-BTC.  I will also remind you that the E-File Magic Application is the easiest application out there for you to make many IRS Filing forms, including 1097-BTC.  i1097btc

Expected Release Date for 2015 E-File Magic Application

At the E-File Magic Headquarters in sunny Portland, Oregon, we are working diligently to get the our application updated with the 2015 Forms for all of our customers.  We have phone calls pouring in with inquiries about when the updated forms will be ready for use.  I am happy to say it will be ready for use in November!

Until November, you can still use the E-File Magic Application to make new 1099’s or corrections on previous year data, you are also capable of creating 2015 W2-G and 1098-C Forms.

And as always, E-File Magic is open all year long. So, if you have questions or need some help you can contact us via email or phone.

1099-K, Instructions and a few helpful hints.

Whew! This year’s 1099 filing season has been a doozy!  Here at E-File Magic, January went by so fast, I’m not even sure if my coworkers or I walked away from our desks.  Thankfully, February is here, actually March is almost here, and we can get back to fun work, like talking about forms!

Today, I want to have a talk, a serious talk, about 1099-K’s.  Form 1099-K is an information form for certain payment transactions.  It’s a fairly new form and each year the IRS seems to either change, add or require more boxes to be filled in.   In my experience, the required box that tripped a lot of people up for the 2014 filing year was box 3, Number of Payment Transactions.  Which means the IRS would like you to disclose how many charges the Payee received.  Looking at the 2015 instructions (yes, they have already been released) the new required box for 2015 will be box 1b, Card Not Present Transactions. Which means, the IRS would like you to disclose how many transactions the Payee received without the card present.

The new 2015 instructions have already replaced the 2014 instructions from the IRS website.  But, I figured attaching instructions, even if they are for the next filing year are better than not attaching any. So here is the link to the 1099-K Form, enjoy!  i1099k

Form 1099-INT and Form 1099-OID Instructions

Here at E-File Magic Headquarters The 1099 filing season has begun! And between you and me, I kinda like it…  I like helping people, I like deadlines and instructions and trying to fit the proper pieces of the puzzle together.  So here is another piece to help finish the puzzle… Instruction for Form 1099-INT and 1099-OID!  i1099int

Form 1099-Misc Instructions

E-File Magic has a new website! E-File Magic has a new website!  Have you seen it?  It  is beautiful.  The only problem, it’s missing a few key pages.  Like form instructions!  In the old days (before our beautiful new website) whenever I needed to take a peek at 1099-MISC instructions I would access them at  Now, if I want to see instructions, I go to the IRS website…. So, I thought I would add the instructions here, on my blog.  Starting with 1099-MISC and working my way down to W2-G.

But wait! You ask… “What does E-File Magic have to do with 1099-MISC forms?”  Oh, let me tell you.. E-File Magic is your one stop source for creating, printing and mailing and e-Filing your 1099-MISC and 1099 related forms.  It’s super easy to use too!  Our all new application is very user-friendly and will help you quickly and easily add your 1099-MISC data, and get your 1099 forms ready to print before the IRS mail deadline of February 2nd!  Oh and let me tell you, February 2nd is less than 36 days away! So, here it is! just click on the link to access Form 1099-Misc Instructions!  i1099msc

Use E-File Magic to File your Quickbooks 1099 Data!

1099-MISC forms tend to be confusing.  Sometimes using Quickbooks to create a 1099-MISC can be confusing as well.  Put the two together and BOOM! you have created an extremely confusing and frustrating situation.  Luckily, E-File Magic has figured out a way to make the Quickbooks to 1099 forms transformation smooth and seamless.  All you have to do is download the Quckbooks Import Tool from the E-File Magic website.  And follow the instructions to remove the 1099 information from your Quckbooks Software and upload the information to the E-File Magic Application.  Boom! Frusteration Avoided!!!  After the Quickbooks data is uploaded you can choose to either print and mail the forms yourself or have E-File Magic Print and Mail the forms.  All that’s left to do is release the forms to E-File Magic, we will E-File your 1099’s to the IRS and Boom! you are done!

E-File by Excel. So easy, it’s ridiculous!

In my opinion, one of the best services E-File Magic offers is it’s E-File by Excel Service.  All you have to do; is download the Excel Template, fill the template out, and submit the template back to the E-File Magic website.  It’s that easy!! In less than 48 business hours E-File Magic will send you an email announcing that your forms are ready for viewing, downloading, and printing.  Of course, E-File Magic is more than happy to print and mail the forms for you.  They will even email the forms to your recipients as long as you submit your recipients email address.

So what are you waiting for?  Go check out the E-File by Excel Service from E-File Magic… I know you will be pleased.

Out With The Old. In With The New!

The new E-File Magic application is up and running and it is truly amazing!  Gone are the days of downloading new software and creating new accounts every year!  The new and approved E-File Magic Application is web based and allows you to create one log-in and password for you to use every year!

Although the application is now web based it is still extremely similar to the previous versions of E-File Magic.

The application is free and to e-File with us is extremely affordable, so check out E-File Magic and let me know what you think!