Form 1097-Btc - Bond Tax Credit - 2016 (Page 6 of 6) in pdf

Instructions for Payer

To complete Form 1097-BTC, use:

For the report furnished to the recipient (quarterly or

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

• the 2016 General Instructions for Certain Information

statement reporting all the same applicable information

Returns, and

(the reporting for the first three quarters may be furnished

• the 2016 Instructions for Form 1097-BTC.

electronically).

To order these instructions and additional forms, go to

The IRS encourages Form 1097-BTC issuers to provide

the credit information to the recipient monthly if applicable,

Because paper forms are scanned during

▲

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

processing, you cannot file Forms 1096, 1097,

arises as possible.

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

Furnish the information shown on Copy B of this form

CAUTION

from the IRS website.

with the aggregate total amount of allowable credits for the

Due dates. Furnish the information shown on Copy B of

2016 calendar year to the recipient by February 15, 2017.

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

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

second calendar month after the close of the calendar

2017. If you file electronically, the due date is March 31,

quarter in which the credit is allowed.

2017. To file electronically, you must have software that

For the first three quarters, report to the recipient only

generates a file according to the specifications in Pub.

the amounts for the months of the applicable quarter. Box

1220.

1 should not be completed and box 6 is optional.

Need help? If you have questions about reporting on Form

1097-BTC, call the information reporting customer service

You are not required to furnish a report solely for the

site toll free at 1-866-455-7438 or 304-263-8700 (not toll

fourth quarter because the fourth quarter amounts are

free). Persons with a hearing or speech disability with

reported with the annual filing. For the annual filing, report

access to TTY/TDD equipment can call 304-579-4827 (not

the credits for each month in boxes 5a–5l; the total of

toll free).

those amounts in box 1; and complete the rest of the form

as applicable. If any 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.

Form 1097-Btc - Bond Tax Credit - 2016 Page 6

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