Instructions For Form 1097-Btc - Bond Tax Credit

Instructions for Recipient

C.—CUSIP number

Issuers of certain tax credit bonds or their agents must

report to you on at least a quarterly basis, and file with

A.—account number

the IRS annually on a separate Form 1097-BTC, the

O.—any other identifier

amount of tax credit you are allowed for each month of

the calendar year (see instructions).

Box 2b. Shows the unique identifier assigned by the

Form 1097-BTC Issuer and is limited to 39

You will not receive a separate fourth quarter

alphanumeric characters.

report. The credits for the fourth quarter will be

reported on the annual aggregate total amount

Box 3. Shows the codes for tax credit bonds that are

CAUTION

of allowable credits provided to you by

reported on separate Forms 1097-BTC:

February 15, 2013.

101 - Clean renewable energy bond, and

Note. The first three quarters reported on the annual

199 - Other

report are duplicative amounts previously reported.

Boxes 5a–5l. Shows the amount of the credit you are

The checked box shows if the filer or its agent is the

allowed for the month during the calendar year.

original filer of this form, or is an entity or a person that

You may be entitled to claim a credit against your

received this form and is making a further distribution of

income tax liabilities, subject to certain limitations under

the credit.

section 54A(c).

Box 1. Shows the aggregate total of credits allowed for

Additionally, clean renewable energy bond credits

the calendar year.

received from a pass-through entity are limited to the

Box 2a. Indicates if the unique identification number is

income received from the pass-through entity. New

your account number, the CUSIP number of the bond,

clean renewable energy bond and qualified energy

or another identifier. For initial filings of Form 1097-BTC

conservation bond credits are limited to 70% of the

(as indicated by the first checkbox being checked), the

credit amounts allowed; the credit reported on Form

first nine characters of the unique identifier in box 2b

1097-BTC is the credit amount after the 70% limit has

must be the CUSIP number. For further identification, if

been applied. For more information, see Form 8912,

necessary or desired by the issuer, the CUSIP number

Credit to Holders of Tax Credit Bonds.

can be followed by an optional hyphen and then an

Box 6. May show any additional information provided

account number or other unique identifying number.

by the form issuer.

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

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