Your 2017 End of Year Tax Statement

The IRS1098 Form (Mortgage Interest Statement) for your mortgage or home equity account will be made available online and mailed to you by the end of January. If you would like to receive your document electronically next year, go green by signing up for paperless today!

Once made available, you can view your year-end statement online by creating or logging into your online account. Go to “Loan and Tax Statements” under "Need more information?" in the left navigation.

The year-end statement summarizes payments made to SLS in the previous calendar year. You may need this information for tax purposes.

Should you need it, our tax ID number is 35-2429917.

For your convenience, this video is available to provide you additional information regarding your 1098 Mortgage Interest Statement. This video is also available in Spanish.
 

 

Frequently Asked Questions

Information about your IRS Form 1098 (Mortgage Interest Statement) and 1099 Tax Form

When to expect my 1098 Tax Form?

The 2017 IRS 1098 Form (Mortgage Interest Statement) for your mortgage or home equity account will be made available online and mailed to you by the end of January.

What is a 1098 Tax Form?

The 1098 year-end statement summarizes the payments you paid to your mortgage servicer(s).

What is a 1099-INT Tax Form?

Form 1099-INT is an annual tax statement provided by payers of interest income that summarizes your interest income for the tax year. Interest reported on Form 1099-INT includes interest paid on escrow (or impound) accounts related to your mortgage loan. This Form is also used to report other tax items related to your interest income, such as federal tax withheld. All Information provided on Form 1099-INT is reported to the Internal Revenue Service. If you didn't receive a 1099 INT, it's because you were paid less than $10.00 in accrued interest during 2017.

Who receives the 1099A or C Tax Form?

If there are multiple borrowers, both the primary borrower and co-borrower will receive a copy of 1099A and 1099C. The IRS will determine how the figures are then reported under borrower(s) social security numbers. For further information please refer to the IRS website (www.irs.gov).

What if my loan was transferred during this past year?

If your loan transferred servicers during 2017, you'll receive statements from Specialized Loan Servicing LLC and your previous servicer. If you have questions about your prior servicer’s statement, please contact them.

Why does the IRS Tax form include the name Computershare Holdings Inc.?

Specialized Loan Servicing LLC is the servicer of your mortgage loan. Specialized Loan Servicing LLC is a subsidiary of Computershare Holdings Inc. As such, your year-end tax form reflects both names.

What if I believe there is a mistake on these forms?

If you believe your interest was reported incorrectly, here's what to do:

  • Review your payment history to see how payments were applied. Pay special attention to the effective dates of when payments were applied for the year. This could explain why the amount of interest is different than you expected.
  • If you had payoff interest from a short sale, check with your tax advisor to see if it's applicable and reportable. It may not be which could be the reason for the different amount.
  • If, after reviewing your account information, you believe a correction to the tax form is required, please submit a written request to:
    Specialized Loan Servicing LLC
    P.O. Box 630147
    Littleton, CO 80163-0147

How did you calculate the tax or insurance information reflected on the form?

On our statement, only the gross amount of disbursements made during 2017 is reflected. Refunds received from taxing authorities or insurance companies are not included. Disbursements made in the calendar year may include amounts from prior year(s) assessments.

You can verify any amounts paid for taxes and or insurance by contacting your tax authority or insurance company, or by looking at the payment history on your year-end statement.

If you need additional information...

If you have further questions in regard to specific tax advice, please contact your tax advisor.

As always, if you have other questions about your account, please contact our Customer Care Center at 1-800-315-4757 Monday through Friday, 6:00 a.m. until 6:00 p.m. MT. SLS accepts relay calls on behalf of hearing impaired borrowers.

 


 

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