File 1097-BTC Online

What is IRS Form 1097-BTC?

• Issuers of certain tax credit bonds (or their agents) and recipients of Form 1097-BTC from the bond issuer or agent, such as mutual funds or partnerships, who are further distributing the credit, must file this form for each tax credit distributed. -

When would you need to file a 1097-BTC?

• Anyone who is allowed a tax credit, directly or indirectly, from a tax credit bond or a stripped tax credit during the calendar year in an amount of at least $10, need to file Form 1097-BTC.
• 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 annually file with the IRS a separate Form 1097-BTC for each tax credit distributed.
• For more, visit www.irs.gov

1097-BTC Deadline and Important Dates

With Tax1099.com, you can schedule the date that your forms are transmitted to the IRS. Scheduling your forms gives you time between when we email/USPS your forms to vendors and when we send the forms to the IRS. This is useful because your vendors may have edits to make. You can make those changes in Tax1099 before the scheduled date at no extra charge. We automatically schedule your IRS eFile transmission at a week away from when you submit, or by the deadline. You can edit this date to match your preference.

For Recipient

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.

1097-BTC eFile Info

Electronically-filed 1097-BTC forms are directly transmitted to the IRS from Tax1099.

You will receive IRS acknowledgement of your eFile by email within 3 - 7 business days.