Form 1097-Btc - Bond Tax Credit - Department Of Treasury

Instructions for Payer

For the report furnished to the recipient (quarterly or

General and specific form instructions are provided

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

separately. You should use the 2013 General Instructions for

statement reporting all the same applicable information (the

Certain Information Returns and the 2013 Instructions for

reporting for the first three quarters may be furnished

Form 1097-BTC to complete Form 1097-BTC. A chart in the

electronically).

general instructions gives a quick guide to which form must be

filed to report a particular payment. To order these instructions

The IRS encourages Form 1097-BTC issuers to provide the

and additional forms, go to 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.

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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 2013

CAUTION

from the IRS website.

calendar year to the recipient by February 18, 2014.

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

File Copy A of this form with the IRS by February 28, 2014.

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

If you file electronically, the due date is March 31, 2014. 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 completed and boxes 2a, 2b, and 6 are

optional.

Need help? If you have questions about reporting on Form

1097-BTC, call the information reporting customer service site

You are not required to furnish a report solely for the fourth

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

quarter because the fourth quarter amounts are reported with

Persons with a hearing or speech disability with access to

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

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

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

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

1; 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.

Form 1097-Btc - Bond Tax Credit - Department Of Treasury - 2013 Page 6

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