Bond Tax Credit
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|1097-BTC for electronic filing||$289.95||Complete Outsourcing for up to 5,000 records||$699.95|
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.
Our 1097-BTC lets you import from excel, print Copy B on plain paper with black ink, and creates the notepad file necessary to electronically file to the IRS.
The issuer has to print and mail Copy B quarterly and electronically file annually to the IRS by the end of March. Hire us and we can print and mail and e-file Form 1097-BTC to the IRS and forward the IRS receipt when it arrives.
We work quickly and have experienced staff who file over a million information returns per year. Oftentimes the turn-around time is 1-2 days. Call for pricing. Our sales office can be reached at (480) 460-9311.
Type information on the screen as it would be typed on the form itself. Or import the data from Excel (xls, xlsx) and/or CSV file format or some type of spreadsheet. Its easy to do and we have sample excel spreadsheets.
File an unlimited number of 1097-BTC forms electronically with the IRS.
Our 1097-BTC software creates files in the format required by the IRS for electronic transmission. The system is updated each year to reflect the format changes that are made by the IRS.
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.
Data entered may be stored anywhere on your hard drive, portable drives, network drives or external diskettes for quick retrieval. You can also export your data to a csv file format.
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 Copy A of this form with the IRS by February 28. If you file electronically, the due date is March 31.
How to Complete IRS Form 1097-BTC
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