Instructions for IRS Form 1097-btc - Bond Tax Credit 2018

January 1, 2018 "Instructions For Irs Form 1097-btc - Bond Tax Credit" contain the updated filing procedures for the IRS-issued Form 1097-BTC. Download your copy of the instructions by clicking the link below.

IRS Form 1097-BTC is tax form released and collected by the Internal Revenue Service of the United States.


Department of the Treasury
Internal Revenue Service
Instructions for Form
Bond Tax Credit
Section references are to the Internal Revenue Code unless
distributing the credit must file Form 1097-BTC for each tax
otherwise noted.
credit distributed from the following tax credit bonds.
New clean renewable energy bonds.
Future Developments
Qualified energy conservation bonds.
Qualified zone academy bonds.
For the latest information about developments related to
Qualified school construction bonds.
Form 1097-BTC and its instructions, such as legislation
Clean renewable energy bonds.
enacted after they were published, go to
Build America bonds (Tax Credit).
Repeal of sections 54, 54A-F, and
Filings of Form 1097-BTC with respect to a bond, by the
issuer or the issuer's agent, must be made on a separate
Form 1097-BTC for each bond.
Public Law Number 115-97, 131 Stat. 2054 (2017), repealed
For tax credit bonds issued with two or more maturities,
sections 54, 54A-F, and 54AA effective for bonds issued
each maturity must be reported separately on the Form
after December 31, 2017.
1097-BTC issued by the bond issuer or its agent.
What’s New
Recipients of Form 1097-BTC from the bond issuer or
agent, such as brokers, nominees, mutual funds, or
Repeal of authority to issue new tax credit bonds.
partnerships, who are further distributing the credit must file
Public Law 115-97, section 13404, repealed the authority to
only one Form 1097-BTC per recipient or account,
issue new tax credit bonds after December 31, 2017.
aggregating credit from all applicable bonds.
New online fillable format. Due to the very low volume of
Note. Issuers that elected to issue build America bonds
paper Forms 1097-BTC received and processed by the IRS
(Direct Pay) under section 54AA(g) or specified tax credit
each year, this form has been converted to an online fillable
bonds under section 6431(f) to receive a refundable credit
format. You may fill out the form, found online at
under section 6431(a) in lieu of tax credits under section 54A
Form1097BTC, and send Copy B to the recipient. For filing
should not file Form 1097-BTC.
with the IRS, follow your usual procedures for filing
electronically if you are filing 250 or more forms. If you are
filing this form on paper due to a low volume of recipients, for
Tax credit bond. Generally, a tax credit bond is an
this form only, you may send in the black-and-white Copy A
obligation issued under sections 54, 54A, 54AA, 1397E, or
with a Form 1096 that you print from the IRS website.
1400N(l) that entitles the taxpayer holding such bond on one
or more credit allowance dates occurring during any tax year
to a credit against the federal income tax imposed for that tax
In addition to these specific instructions, you should also use
the 2018 General Instructions for Certain Information
Returns. Those general instructions include information
Qualified tax credit bond. Qualified tax credit bonds under
about the following topics.
section 54A include new clean renewable energy bonds
Who must file (nominee/middleman).
under section 54C, qualified energy conservation bonds
When and where to file.
under section 54D, qualified zone academy bonds under
Electronic reporting requirements.
section 54E, and qualified school construction bonds under
Corrected and voided returns.
section 54F.
Statements to recipients.
New clean renewable energy bond. An obligation issued
Taxpayer identification numbers (TINs).
before January 1, 2018, that is part of an issue, 100% of the
Backup withholding.
available project proceeds of which are to be used for capital
expenditures incurred by governmental bodies, public power
Other general topics.
providers, or cooperative electric companies for one or more
You can get the general instructions from
qualified renewable energy facilities, as defined in section
Instructions for Certain Information Returns
54C. The annual credit allowed is 70% of the annual credit
or go to
amount determined by applying 54A(b).
Qualified energy conservation bond. An obligation issued
Specific Instructions
before January 1, 2018, that is part of an issue, 100% of the
available project proceeds of which are to be used for one or
Issuers of certain tax credit bonds (or their agents) and
more qualified energy conservation purposes, as defined in
recipients of Form 1097-BTC from the bond issuer or agent,
section 54D. The annual credit allowed is 70% of the annual
such as mutual funds or partnerships, who are further
credit amount determined by applying 54A(b).
Feb 02, 2018
Cat. No. 54657F

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