1. Bilateral Loans
  2. Defining Attributes Specific to Loan product
  3. 1098 Parameters Maintenance

3.10 1098 Parameters Maintenance

You can maintain 1098 Parameter details using 1098 Parameter screen.

To capture details of 1098 parameter screen

Specify the User ID and Password, and login to Homepage.
  1. On the homepage, type OLDSTMTP and click next arrow.
    The 1098 Parameter screen is displayed.

    Note:

    The fields which are marked in asterisk red are mandatory fields.

    Figure 3-19 1098 Parameter


    Description of Figure 3-19 follows
    Description of "Figure 3-19 1098 Parameter"

  2. You can specify below details in this screen. For information on fields, refer to the field description table.

    Table 3-22 1098 Parameters

    Field Description
    Branch Code The code of the current branch is displayed in this field.
    Tax Year Specify the tax year for which 1098 statement is generated.
    Transmitter TIN Specify the Branch TIN.
    Transmitter Name Specify the name of the transmitter.
    Transmitter Control Code Specify the transmitter control code.
    Threshold Limit Specify the threshold limit on the interest paid by the customer.
    Test Tape Indicator Select T in case you require Test File generation for verification purposes. In case you do not select anything the system generates the file for uploading.
    Company name Specify the name of the company which is associated with the address to where the correspondence should be sent.
    Company Address Specify the address for correspondence.
    Company City Specify the city in which the company is located.
    Company State Specify the state in which the company is located.
    Company ZIP Code Specify the ZIP Code of the company.
    Contact Name Specify the name of the contact person in the bank.
    Contact Number Specify the contact number of the contact person in the bank.
    Email Address Specify the Email Address of the contact person in the bank.
    First Payer Name Specify the name of the bank.
    Second Payer Name Specify the name of the department in charge of 1098 form generation.
    Payer Ship Address Specify the address of the payer.
    Payer City Specify the city in which the payer is located.
    Payer State Specify the state in which the payer is located.
    Payer ZIP Code Specify the ZIP code of the payer.
    Payer Phone Specify the payer’s phone number.
    1098 ASCII File Path Specify the path for the generation of 1098 ASCII File.
    1098 FORM Path Specify the path for the generation of 1098 FORM.
    This topic contains following sub-topics:

Parent topic: Defining Attributes Specific to Loan product