IRS Form 8912,
"Credit to Holders of Tax Credit Bonds"
The holder of the bond is generally allowed an annual income tax credit instead of receiving periodic interest payments, and the nonrefundable credit functions as interest paid on the bond.
What is Credit to Holders of Tax Credit Bonds ?
Under this, certain types of government entities issue tax credit bonds to fund specific projects, such as infrastructure development, education or renewable energy initiatives.
Form 8912, "Credit to Holders of Tax Credit Bonds," is used to calculate and claim the allowable tax credit for holders of tax credit bonds on their federal income tax return.
What is Form 8912 used for ?
IRS Form 8912, "Credit to Holders of Tax Credit Bonds," needs to be filed by individuals or entities who hold tax credit bonds and are eligible to claim the associated tax credit.
Who Needs to File Form 8912 ?
New clean renewable energy bond (NCREB), Qualified energy conservation bond (QECB), Qualified zone academy bond (QZAB), Qualified school construction bond (QSCB)
Which Bonds are Eligible for the Credit ?
The amount of the credit to holders of tax credit bonds depends on various factors, including the type of tax credit bond and the specific bond program.
How Much is Credit to Holders of Tax Credit Bonds ?
IRS Form 8912 "Credit to Holders of Tax Credit Bonds" should be filed with your federal income tax return. It is a separate form that is included along with your tax return documents.
How to File Form 8912 ?
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