Form 1097-BTC Due Dates

Form 1097-BTC plays a key role in reporting bond tax credit allocations to the IRS. To ensure these credits are properly documented and accepted, issuers must meet the IRS filing deadline. Filing late could lead to unnecessary complications—knowing the due date helps you stay ahead and compliant.

Form 1097-BTC

IRS Form 1097-BTC is a credit tax form used by issuers or agents (brokers, mutual funds, nominees or partnerships) to report bond tax credits distributed to investors or bond holders from certain types of tax credit bonds. They are

• New clean renewable energy bonds
• Qualified energy conservation bonds
• Qualified zone academy bonds
• Qualified school construction bonds
• Clean renewable energy bonds
• Build America bonds (Tax Credit)

These bond credits can be used by the bond holders to reduce their federal income tax liability.

Last date to file Form 1097-BTC

Penalty

The IRS may impose a penalty for failing to file, filing late, providing incorrect information, and failing to furnish a recipient's statement. The IRS can waive penalties if you have a reasonable cause.

How to file Form 1097-BTC with TaxZerone?

Step 1: Login to your TaxZerone Account

Step 2: Choose the Form 1097-BTC and enter the required details such as issuers and recipient’s name, address and TIN along with the bond tax credits information.

Step 3: Submit the form to the IRS and deliver the recipient’s copy through ZeroneVault or Postal mail.