Instructions For Form 1097-Btc - Bond Tax Credit

Instructions for Payer

For the report furnished to the recipient (quarterly or

General and specific form instructions are provided as

annual), you may use Copy B or your own substitute

separate products. The products you should use are the

statement reporting all the same applicable information (the

General Instructions for Certain Information Returns and the

reporting for the first 3 quarters may be furnished

Instructions for Form 1097-BTC. A chart in the general

electronically).

instructions gives a quick guide to which form must be filed to

report a particular payment. To order these instructions and

The IRS encourages Form 1097-BTC issuers to provide the

additional forms, go to IRS.gov/formspubs or call

credit information to the recipient monthly if applicable, and as

1-800-TAX-FORM (1-800-829-3676).

soon after the end of the month in which a credit arises as

possible.

Because paper forms are scanned during

processing, you cannot file with the IRS Forms 1096,

Furnish the information shown on Copy B of this form with

1097, 1098, 1099, 3921, 3922, or 5498 that you print

the aggregate total amount of allowable credits for the 2012

CAUTION

from the IRS website.

calendar year to the recipient by February 15, 2013.

Due dates. Furnish the information shown on Copy B of this

File Copy A of this form with the IRS by February 28, 2013.

form to the recipient on or before the 15th day of the second

If you file electronically, the due date is April 1, 2013. To file

calendar month after the close of the calendar quarter in

electronically, you must have software that generates a file

which the credit is allowed.

according to the specifications in Pub. 1220, Specifications for

Filing Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and

For the first three quarters, report to the recipient only the

W-2G Electronically. The IRS does not provide a fill-in form

amounts for the months of the applicable quarter. Box 1

option.

should not be reported and boxes 2a, 2b, and 6 are optional.

Need help? If you have questions about reporting on Form

You are not required to furnish a report solely for the 4th

1097-BTC, call the information reporting customer service site

quarter because the 4th quarter amounts are reported with the

toll free at 1-866-455-7438 or 304-263-8700 (not toll free). For

annual filing. For the annual filing, report the credits for each

TTY/TDD equipment, call 304-579-4827 (not toll free). The

month in boxes 5a - 5l; the total of those amounts in box 1;

hours of operation are Monday through Friday from 8:30 a.m.

and complete the rest of the form as applicable. If any

to 4:30 p.m., Eastern time.

amounts previously furnished for the first three quarters need

to be corrected, report the correct amounts for the annual

reporting and explain the correction to the recipient; no

explanation is required for the IRS filing.

Instructions For Form 1097-Btc - Bond Tax Credit - 2012 Page 2

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