IRS Form 8329 "Lender's Information Return for Mortgage Credit Certificates (Mccs)"

What Is IRS Form 8329?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on October 1, 2012. As of today, no separate filing guidelines for the form are provided by the IRS.

Form Details:

A 2-page form available for download in PDF;
Actual and valid for filing 2022 taxes;
Additional instructions and information can be found on page 2 of the document;
Editable, printable, and free;
Fill out the form in our online filing application.

Download a fillable version of IRS Form 8329 through the link below or browse more documents in our library of IRS Forms.

Download IRS Form 8329 "Lender's Information Return for Mortgage Credit Certificates (Mccs)"

Download PDF

Fill PDF online

Rate (4.4 / 5) 66 votes

Show Pagination

8329

Lender's Information Return for

Form

Mortgage Credit Certificates (MCCs)

OMB No. 1545-0922

(Rev. October 2012)

For calendar year ending

Department of the Treasury

Information about Form 8329 and its instructions is at www.irs.gov/form8329.

Internal Revenue Service

▶

Part I

Reporting Authority

Employer identification number

Lender’s name

Lender’s address (number, street, or P.O. box no., if mail is not delivered to street address)

Room/suite

City, town, or post office, state, and ZIP code

Part II

Issuing Authority

Employer identification number

Issuer’s name

Issuer’s address (number, street, or P.O. box no., if mail is not delivered to street address)

Room/suite

Election date

City, town, or post office, state, and ZIP code

Nonissued bond amount

Part III

Recipients of Mortgage Credit Certificates (If more than five recipients, see instructions.)

(b)

(a)

(c)

Address

Name(s)

Social Security Number(s)

Do not use a P.O. box number.

Computation of the Total Amount of Mortgage Credit Certificates (Note: Match the information

Part IV

entered on each line with information entered on each corresponding line in Part III.)

(e)

(g)

(d)

(f)

Certified Indebtedness Amount

Amount of MCC Issued

Date of Issue of MCC

Certificate Credit Rate

of Each MCC Issued

(column (e) x column (f))

6 Total amount of MCCs issued. (See instructions.)

▶

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge

and belief, it is true, correct, and complete. Declaration of preparer (other than representative of lender) is based on all information of which preparer has any

Sign

knowledge.

Here

Signature of authorized representative of lender

Date

Title

Print/Type preparer’s name

Preparer's signature

Date

PTIN

Paid

Check

self-employed

Preparer

Use Only

Firm’s name

Firm's EIN

▶

Firm's address

Phone no.

▶

8329

For Paperwork Reduction Act Notice, see instructions.

Form

(Rev. 10-2012)

Cat. No. 13902F

8329

Lender's Information Return for

Form

Mortgage Credit Certificates (MCCs)

OMB No. 1545-0922

(Rev. October 2012)

For calendar year ending

Department of the Treasury

Information about Form 8329 and its instructions is at www.irs.gov/form8329.

Internal Revenue Service

▶

Part I

Reporting Authority

Employer identification number

Lender’s name

Lender’s address (number, street, or P.O. box no., if mail is not delivered to street address)

Room/suite

City, town, or post office, state, and ZIP code

Part II

Issuing Authority

Employer identification number

Issuer’s name

Issuer’s address (number, street, or P.O. box no., if mail is not delivered to street address)

Room/suite

Election date

City, town, or post office, state, and ZIP code

Nonissued bond amount

Part III

Recipients of Mortgage Credit Certificates (If more than five recipients, see instructions.)

(b)

(a)

(c)

Address

Name(s)

Social Security Number(s)

Do not use a P.O. box number.

Computation of the Total Amount of Mortgage Credit Certificates (Note: Match the information

Part IV

entered on each line with information entered on each corresponding line in Part III.)

(e)

(g)

(d)

(f)

Certified Indebtedness Amount

Amount of MCC Issued

Date of Issue of MCC

Certificate Credit Rate

of Each MCC Issued

(column (e) x column (f))

6 Total amount of MCCs issued. (See instructions.)

▶

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge

and belief, it is true, correct, and complete. Declaration of preparer (other than representative of lender) is based on all information of which preparer has any

Sign

knowledge.

Here

Signature of authorized representative of lender

Date

Title

Print/Type preparer’s name

Preparer's signature

Date

PTIN

Paid

Check

self-employed

Preparer

Use Only

Firm’s name

Firm's EIN

▶

Firm's address

Phone no.

▶

8329

For Paperwork Reduction Act Notice, see instructions.

Form

(Rev. 10-2012)

Cat. No. 13902F

Form 8329 (Rev. 10-2012)

Page

General Instructions

Additional Entries

Aggregate amount. The aggregate amount (the

certified indebtedness times the certificate credit

If the lender must report on more than 5 mortgage

rate for each MCC, totaled for all mortgage credit

Section references are to the Internal Revenue Code

credit certificates, it should report these additional

certificates issued under a single MCC program),

unless otherwise noted.

certificates on an attached statement formatted like

may not exceed 25% of the nonissued bond

Any person who makes a loan that is a “certified

Form 8329.

amount for which the election not to issue bonds

indebtedness amount” on any mortgage credit

was made. See section 25(d)(2).

Instead of formatting its own statement, the lender

certificate (MCC) must maintain books and records

may use one Form 8329 as a transmittal document

Certified indebtedness amount. The certified

of the activity and file Form 8329. (See Temporary

and use additional Forms 8329 as statements. In

indebtedness amount is the amount of indebtedness

Regulations section 1.25-8T(a).)

such a case, draw an “X” across the 5 lines of Parts

specified in the MCC and incurred by a taxpayer:

A separate Form 8329 must be filed for each

III and IV of the Form 8329 used as a transmitting

a. To acquire his or her principal residence,

issue of MCCs for which the lender made mortgage

document. Complete the remainder of this Form

loans during the calendar year. Each issue of MCCs

b. To make qualified home improvements on that

8329, making certain that all mortgage credit

corresponds to the MCC program relating to the

residence, or

certificate amounts reported in all the statements in

nonissued bond amount that was the subject of the

Part IV, column (g) are totaled for line 6 of the

c. To make a qualified rehabilitation of that

election made on the election date. Both the

transmittal document. Sign only the transmittal Form

residence.

nonissued bond amount and the election date are to

8329 and indicate in the top margin the number of

Certificate credit rate. The certificate credit rate is

be provided in Part II of this Form 8329.

Forms 8329 attached to this Form 8329.

the rate specified by the issuer on the MCC.

On the attached Forms 8329, show the lender’s

Future Developments

However, the rate cannot be less than 10% nor

name and employer identification number in Part I

more than 50%. For other limitations, see

For the latest information about developments

and enter mortgage credit certificate information on

Temporary Regulations section 1.25-2T(b).

related to Form 8329 and its instructions, such as

the 5 lines of Parts III and IV.

Specific Instructions

legislation enacted after they were published, go to

Signature

www.irs.gov/form8329.

Part I. Reporting Authority

Form 8329 must be signed by an authorized

Purpose of Form

representative of the lender.

Provide information about the mortgage lender.

Form 8329 is used by lenders of certified

Paid Preparer Use Only

indebtedness amounts to provide the IRS with

Part II. Issuing Authority

information regarding the issuance of MCCs under

Anyone who prepares the return but does not

section 25.

Provide information about the mortgage credit

charge the organization should not sign the return.

certificate issuer.

The MCC must be issued under a program that

Certain others who prepare the return should not

meets the residence requirements of section 143(c).

sign. For example, a regular, full-time employee of

Election date. Enter the date the issuing authority

Under these requirements, the residence must: (1)

the lender, such as a clerk, secretary, etc., should

elected to issue MCCs in lieu of qualified mortgage

be a single-family residence that can reasonably be

not sign.

bonds for the MCC program that included the

expected to become the principal residence of the

amounts listed in Part IV, column (e).

Generally, anyone who is paid to prepare a return

mortgagor within a reasonable time after the

must sign it and fill in the other blanks in the Paid

Nonissued bond amount. Enter the total amount of

financing is provided, and (2) be located in the

Preparer Use Only area of the return. A paid preparer

qualified mortgage bonds (as defined in section

jurisdiction of the authority issuing the certificate.

cannot use a social security number in the paid Paid

143(a)(1) and the related regulations) that the issuer

See section 25(c)(2) for additional requirements.

Preparer Use Only box. The paid preparer must use

has authority to issue but elected instead on the

a preparer tax identification number (PTIN). If the

Who Must File

election date to convert into authority to issue

paid preparer is self-employed, the preparer should

MCCs.

Any person who makes a loan that is a certified

enter his or her address in the box. The paid

Part III. Recipients of Mortgage

indebtedness amount on any MCC must file Form

preparer must:

8329.

Credit Certificates

• Sign the return in the space provided for the

preparer’s signature,

When To File

Column (a). Enter the name(s) of the MCC holder(s)

• Enter the preparer information, and

to whom the lender made certified indebtedness

File Form 8329 by January 31 following the close of

loan(s) during the calendar year. If an MCC lists

• Give a copy of the return to the lender.

the calendar year in which the lender made certified

more than one holder, enter all of the holders on

indebtedness loans.

one line.

Paperwork Reduction Act Notice. We ask for the

The IRS may grant an extension of time to file

Column (b). Enter the number and street, city, state,

information on this form to carry out the Internal

Form 8329 if there is reasonable cause for not filing

and ZIP code of the property for which the MCC

Revenue laws of the United States. You are required

on time.

was issued. Do not use a P.O. box number.

to give us the information. We need it to ensure that

Where To File

you are complying with these laws.

Column (c). Enter the social security number(s) of

the holder(s) listed on the MCC.

You are not required to provide the information

File Form 8329 with the Department of the Treasury,

requested on a form that is subject to the

Internal Revenue Service Center, Ogden, UT 84201.

Part IV. Computation of the Total

Paperwork Reduction Act unless the form displays a

Amount of Mortgage Credit

Penalty

valid OMB control number. Books or records

relating to a form or its instructions must be retained

Certificates

Any person required to file Form 8329 may be

as long as their contents may become material in

subject to a $200 penalty for each form that is not

Column (d). Enter the date the issuing authority

the administration of any Internal Revenue law.

filed by the due date. The maximum penalty is

issued the certificate for the amount included in

Generally, tax returns and return information are

$2,000.

column (e). Do not give the date the loan was made

confidential, as required by section 6103.

nor the date when any preliminary approval to issue

Definitions

The time needed to complete and file this form

an MCC was given by the issuer.

will vary depending on individual circumstances. The

Mortgage Credit Certificate. A mortgage credit

If the loan is for a reissued MCC as permitted by

estimated average time is:

certificate is a certificate issued under a “qualified

the regulations, the date of the reissued certificate

Recordkeeping .

. 3 hr., 35 min.

mortgage credit certificate program” by the state or

should be given, preceded by the word “Reissued.”

political subdivision having the authority to issue

Learning about the

For example, “Reissued, July 25, 2008.”

qualified mortgage bonds to provide financing for

law or the form .

1 hr., 5 min.

Column (f). Enter the certificate credit rate for each

the acquisition, qualified rehabilitation, or qualified

Preparing and sending

MCC.

home improvement of a taxpayer’s principal

the form to the IRS .

. 1 hr., 12 min.

Column (g). For each certificate amount listed in

residence. For more information, see section 25(c)(1).

If you have comments concerning the accuracy of

column (e), multiply by the certificate credit rate

Qualified mortgage credit certificate program. A

these time estimates or suggestions for making this

associated with that certificate shown in column (f).

qualified mortgage credit certificate program is a

form simpler, we would be happy to hear from you.

program established for any calendar year by a

Line 6. This is the aggregate amount of MCCs

You can write to the Internal Revenue Service, Tax

state or political subdivision that is authorized to

issued (Part IV, column (g)) in connection with the

Products Coordinating Committee,

issue qualified mortgage bonds under section 143

lender’s loans relating to the issuer’s MCC program

SE:W:CAR:MP:T:M:S, 1111 Constitution Ave. NW,

(and for which there has been an appropriate

for the calendar year. The total should reflect all of

IR-6526, Washington, DC 20224. Do not send the

allocation of state volume cap for that calendar

the MCCs described on the lender’s Form 8329,

form to this address. Instead, see Where To File on

year under section 146) but elected instead to

including any attachments, for the MCC program for

this page.

issue mortgage credit certificates. (See section

the calendar year.

25(c)(2) for additional requirements.)

Featured Tags

Bill of Sale Form U.S. Department of Veterans Affairs United States Army Vehicle Bill of Sale U.S. Department of Defense Boat Bill of Sale Form Firearm Bill of Sale Form Generic Bill of Sale Form Cover Letter Template Resume Templates Cover Letter Examples U.S. Department of the Treasury - Internal Revenue Service BMI Chart Resignation Letter Template Multiplication Chart

IRS Form 8329 "Lender's Information Return for Mortgage Credit Certificates (Mccs)"

What Is IRS Form 8329?

Download IRS Form 8329 "Lender's Information Return for Mortgage Credit Certificates (Mccs)"

Popular Articles

Most popular documents

Featured Tags

Popular Articles

IRS Form 8329 "Lender's Information Return for Mortgage Credit Certificates (Mccs)"

What Is IRS Form 8329?

Download IRS Form 8329 "Lender's Information Return for Mortgage Credit Certificates (Mccs)"

Popular Articles

Most popular documents

Featured Tags

Related forms

Popular Articles