Instructions for IRS Form 8912 Credit to Holders of Tax Credit Bonds

IRS Form 8912 Credit to Holders of Tax Credit Bonds

This document contains official instructions for IRS Form 8912 , Credit to Holders of Tax Credit Bonds - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 8912 is available for download through this link.

FAQ

Q: What is IRS Form 8912?
A: IRS Form 8912 is a form used to claim the credit for holders of tax credit bonds.

Q: Who uses IRS Form 8912?
A: This form is used by holders of tax credit bonds to claim a credit.

Q: What is a tax credit bond?
A: A tax credit bond is a type of bond that allows the bondholder to claim a tax credit instead of receiving interest payments.

Q: What is the purpose of IRS Form 8912?
A: The purpose of IRS Form 8912 is to calculate and claim the credit for holders of tax credit bonds.

Q: How do I fill out IRS Form 8912?
A: You will need to provide information about the tax credit bond and calculate the credit amount based on the instructions provided with the form.

Q: When is IRS Form 8912 due?
A: IRS Form 8912 is typically due on the same date as your income tax return, which is usually April 15th.

Q: What happens if I don't file IRS Form 8912?
A: If you are eligible for the tax credit, failing to file IRS Form 8912 may result in missing out on the credit.

Q: Can I file IRS Form 8912 electronically?
A: Yes, you can file IRS Form 8912 electronically if you are e-filing your income tax return.

Q: Are there any restrictions or limitations on the tax credit claimed on IRS Form 8912?
A: Yes, there are certain restrictions and limitations on the tax credit, which can be found in the instructions for IRS Form 8912.