Instructions For Form 1097-Btc - Bond Tax Credit- 2016 (Page 3 of 4) in pdf

Note. Do not use the address of the registered agent for

This box should be only filled out when filing Copy A

the state in which the entity is incorporated. For example,

and when the annual statement (Copy B of the form) is

if a business is incorporated in Delaware or Nevada and

sent to the recipient. See Statement to Recipient, earlier.

the corporation's principal office is located in Little Rock,

Box 2a. Code

AR, the corporation should enter the Little Rock address.

Enter the unique identification number code. Enter “A” for

If the entity receives its mail in care of a third party

account number, “C” for CUSIP number, and “O” if the

(such as an accountant or an attorney), enter for the street

unique identification number is not an account number or

address “C/O” followed by the third party's name and

a CUSIP number, such as a self-provided identification

street address or P.O. box.

number. If you checked the first box under Form

Form 1097-BTC Issuer's Federal Identification

1097-BTC issuer, and a CUSIP number is assigned to the

bond(s), enter “C.” If no CUSIP number is assigned to the

Number

bond(s) and you checked the first box under Form

Enter the Form 1097-BTC issuer's federal identification

1097-BTC issuer, use the account number as the unique

number, such as an employer identification number (EIN).

identifier and enter “A” or “O” if you are using any other

Do not truncate the Form 1097-BTC issuer's federal

unique identifying number. See Box 2b. Unique Identifier

identification number. An issuer that does not have an EIN

next.

should apply for one. See Form SS-4, Application for

Employer Identification Number, and its separate

Box 2b. Unique Identifier

instructions, available at Applications can be

The unique identification number is assigned by the Form

submitted online, by phone, fax, or mail.

1097-BTC issuer and is limited to 39 alphanumeric

characters. It can be the account number, CUSIP number,

Recipient's Federal Identification Number

or any other unique identification number by which you

Enter the federal identification number, such as an EIN or

track the bond transactions.

social security number, of the recipient of the distributed

(or stripped) credit from the tax credit bond. Do not

For a bond issuer (or its agent) filing the 2016 Form

truncate the recipient's federal identification number on

1097-BTC for a bond, the unique identification number

the form filed with the IRS. Truncation of the recipient's

must start with the CUSIP number(s), if available, and

federal identification number is allowed on the statement

may be expanded by the account number or any other

to the recipient. See 2016 General Instructions for Certain

self-provided number(s). If a CUSIP number was not

Information Returns

issued for the bond, the bond issuer may use or devise its

own unique identifier, preferably the account number or

Recipient's Name

other reference number by which you track and account

Enter the name of the recipient of the distributed (or

for the bond transaction. A recipient of a Form 1097-BTC

stripped) credit from the tax credit bond. If not an

that issues its own Form 1097-BTC to further distribute

individual, enter the entity's true name (as set forth in the

the credit may use or devise its own unique identifier

legal documents creating it).

using whatever means it deems best.

Recipient's Street Address (Including Apt. No.)

Box 3. Bond Type

Enter the street address, city or town, state or province,

Enter code “101” for clean renewable energy bonds

country, and ZIP or foreign postal code of the recipient's

issued under section 54. Enter code “199” for all other

principal office or place of business. Include the suite,

bonds.

room, or other unit number after the street address. If the

Multiple bond types can be entered on one Form

post office does not deliver mail to the street address and

1097-BTC, other than clean renewable energy

the entity has a P.O. box, show the box number instead.

TIP

bonds. Credits from clean renewable energy

bonds must be reported on a separate Form 1097-BTC.

Note. Do not use the address of the registered agent for

the state in which the recipient is incorporated.

Box 4.

If the recipient receives its mail in care of a third party

Reserved.

(such as an accountant or an attorney), enter for the street

address “C/O” followed by the third party's name and

Boxes 5a–5l.

street address or P.O. box.

Enter the amount of credit allowed for each month during

Check, as applicable, whether you are the issuer of the

the calendar year, calculated by using steps 1 and 2,

bond (or its agent) filing the initial 2016 Form 1097-BTC

following.

for the bond, or are an entity or a person that received or

STEP 1. For each recipient, multiply the outstanding face

should have received a 2016 Form 1097-BTC for credit(s)

amount of the qualified tax credit bond, clean renewable

that was or should have been reported.

energy bond, or qualified zone academy bond issued

Box 1. Total

before October 4, 2008, by the applicable credit rate. The

outstanding face amount of the bond is the face amount of

Enter the total amount of credits distributed to the

the bond minus any principal that has been paid. The

recipient with respect to the amounts reported in boxes

credit rate for the qualified tax credit bond, clean

5a–5l for the calendar year.

renewable energy bond, or qualified zone academy bond

-3-

Instructions for Form 1097-BTC (2016)

Instructions For Form 1097-Btc - Bond Tax Credit- 2016 Page 3

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