1097-BTC Software (Tax Year 2023)
Bond Tax Credit
Use the software today! Order online and the shopping cart will e-mail you instructions on how to activate the software.
Software
1097-BTC Electronic Filing Software
$289.95
Software requires a transmitter control code (TCC) issued by the IRS.
Software imports up to 2,500 records. Additional
10,000 record increments can be purchased by calling
sales at (480) 706-6474.
Outsourcing
Let out trained staff import your data from excel, print and
mail, and electronically file on your behalf using our TCC
number. We work quickly and have experienced staff who
can provide complete, secure outsourcing solutions. Starting as
low as $399.
Outsourcing is a flat efilng fee based on each
excel file up to and including 1,000 records. Please
call our office at (480) 706-6474 for an individual quote.
IRS Form 1097-BTC - Tax Credit Bonds (TCB) are a type of bond that offers the holder a federal tax credit
instead of interest. The bond issuer maintains the responsibility to pay the principal
on the bond. In 2008, Congress amended the tax credit bond rules to permit tax credits
to be sold separately from the related bond. This is known as 'stripping' the tax credit
and makes the debt instrument more attractive to investors.
Issuers of certain tax credit bonds (or their agents) and nominees/intermediaries
(such as a broker, a partnership, a trust, an estate, a regulated investment
company, or a real estate investment trust) must report quarterly and file
with the IRS annually a separate Form 1097-BTC for each tax credit distributed.
1097-BTC software lets you import from excel, print Copy B on plain paper with black ink, and
electronically file directly to the IRS.
New Paper/Electronic Filing Threshold...
IRS mandates electronic filing of 10 or more information returns. The new
threshold is effective for information returns beginning tax year 2023. FIRE TCC holders who submitted their TCC application
prior to September 26, 2021, must complete and submit a new application and verify their identity through ID.me, an IRS
provider of sign-in services.
Import...
Simply import the data from Excel. Sample excel worksheets can be downloaded from this site.
File Electronically...
1097-BTC software will generate a file formatted according to Publication 1220, Specifications for Electronic Filing
of Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G. The system is updated each year to reflect format changes
that are made by the IRS. 1099FIRE is the only company to offer OneTouch E-Filing. One click of a button will
automatically upload data directly to the IRS FIRE system using your login credentials. A receipt of your file will be
displayed on screen.
1097-BTC software is valid for the tax year 2023 season and prior tax years. Renewals can be purchased at a reduced cost.
Other Features...
Technical support is provided at no extra charge for the tax
year that the software was purchased.
Free live update feature helps us communicate with you, the customer,
and keep you up-to-date with the latest form revisions.
Due Dates...
Furnish Copy B of this form to the recipient quarterly and separately
for each credit amount indicated and for each bond on or before the 15th day
of the second calendar month after the close of the calendar quarter in
which the credit is issued.
File electronically to the IRS by March 31.
Articles...
How to Complete IRS Form 1097-BTC
Related...
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