1) Form 8330 is used by issuers of Mortgage Credit Certificates (MCCs) to provide information to the IRS on MCCs issued each quarter. 2) It requires the issuer to provide identifying information, compute the total amount of MCCs issued, and report any revoked MCCs. 3) Issuers must file Form 8330 quarterly, with the return due 30 days after the end of each quarter, to report on each MCC program under which certificates were issued.

1. 8330 Issuer’s Quarterly Information Return
Form
for Mortgage Credit Certificates (MCCs)
(Rev. January 2009) OMB No. 1545-0922
Department of the Treasury For Privacy Act and Paperwork Reduction Act Notice, see back of form.
Internal Revenue Service
Calendar quarter ending: March June September December Year
Part I Reporting Authority
Employer identification number
Issuer’s name
Room/suite Election date
Issuer’s address (number and street or P.O. box no., if mail is not delivered to street address)
Nonissued bond amount
City, town, or post office, state, and ZIP code
Is this the final return to be filed for this MCC program? Yes No
Computation of the Total Amount of Mortgage Credit Certificates
Part II
(a) (c)
(b)
Certified Indebtedness Amount of Amount of Mortgage Credit Certificates
Certificate Credit Rate
Mortgage Credit Certificates Issued (column (a) column (b))
1
2
3
4
5
6
7 Total amount of MCCs issued during the current calendar quarter (add lines 1 through 6)
8 Total amount of MCCs issued for all prior quarters for the MCC program related to
the nonissued bond amount in Part I
9 Aggregate amount of MCCs issued for this MCC program (add lines 7 and 8)
Yes No
10 Does line 9 exceed 25% of the nonissued bond amount in Part I? (If “Yes,” see instructions.)
Part III Revocation of Qualified Mortgage Credit Certificates
Name Address Social Security Number
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge
and belief, they are true, correct, and complete. Declaration of preparer (other than representative of issuer) is based on all information of which preparer
has any knowledge.
Sign
Here
Signature of authorized representative of issuer Date Title
Date Preparer’s SSN or PTIN
Preparer’s Check if
Paid signature self-employed
Preparer’s Firm’s name (or yours EIN
Use Only if self-employed) and
address ZIP code
8330
Cat. No. 13905M Form (Rev. 1-2009)

2. 2
Form 8330 (Rev. 1-2009) Page
a timely filed return is subject to a penalty. The If additional space is needed, attach a separate
General Instructions penalty is $200 for each MCC required to be sheet in the same format as lines 1 through 6 of
reported on Form 8330. The maximum penalty is Part II of this Form 8330. Include the total amount
Section references are to the Internal Revenue
$2,000. of the MCCs listed on the separate sheet(s) only
Code unless otherwise noted.
on line 7 of the Form 8330. You may use an
Section 25 permits issuers that have authority
Definitions unsigned copy of a Form 8330 as the separate
to issue qualified mortgage bonds (as defined in
sheet.
section 143) to elect to issue MCCs in lieu of Mortgage credit certificate. A mortgage credit
qualified mortgage bonds. See Temporary certificate is a certificate issued under a Line 8. Include the total amount of MCCs issued
Regulations section 1.25-4T(c)(2) for more details. “qualified mortgage credit certificate program” for all prior quarters under the MCC program
by the state or political subdivision having the elected for the nonissued bond amount shown in
Purpose of Form authority to issue qualified mortgage bonds to Part I, whether or not issued during the current
provide financing for the acquisition, qualified calendar year.
Form 8330 is used by issuers (states and
rehabilitation, or qualified home improvement of
political subdivisions) of MCCs to provide the Line 9. Enter the aggregate, as of the end of the
a taxpayer’s principal residence. For more
IRS with information required by section 25 and quarter, of amounts for all certificates issued for
information, see section 25(c)(1).
Temporary Regulations section 1.25-8T(b). the MCC program elected for the nonissued bond
Qualified mortgage credit certificate program. amount shown in Part I.
Who Must File A qualified mortgage credit certificate program is Line 10. If the amount on line 9 exceeds 25% of
a program established for any calendar year by a
Each issuer that elected to issue MCCs must file the nonissued bond amount shown in Part I, see
state or political subdivision that is authorized to
Form 8330 for each qualified mortgage credit section 25(f) and Temporary Regulations section
issue qualified mortgage bonds under section 143
certificate program. 1.25-5T(d) for the appropriate calculation to
(and for which there has been an appropriate reduce the following year’s bond volume cap
When To File allocation of state volume cap for that calendar under section 146(d).
year under section 146), but elected instead to
File Form 8330 on a quarterly basis beginning
Part III. Revocation of Qualified
issue mortgage credit certificates. (See section
with the quarter in which the election was made.
25(c)(2) for additional requirements.)
Mortgage Credit Certificates
The return for each MCC program is due as
follows: Aggregate amount. The aggregate amount Identify each holder of a qualified MCC that was
(the certified indebtedness times the certificate revoked during the calendar quarter. For more
For the quarter Form 8330
credit rate for each MCC, totaled for all mortgage information, see Temporary Regulations section
ending: is due by:
credit certificates issued under a single MCC 1.25-3T(m).
March 31 April 30 program), may not exceed 25% of the nonissued
June 30 July 31 bond amount for which the election not to issue Signature
bonds was made. See section 25(d)(2).
September 30 October 31
Form 8330 must be signed by an authorized
December 31 January 31 Certified indebtedness amount. The certified representative of the issuer.
indebtedness amount is the amount of
The IRS may grant an extension of time to file Leave the paid preparer’s space blank if the
indebtedness specified in the MCC and incurred
Form 8330 if there is reasonable cause for not return was prepared by a regular employee of
by a taxpayer:
filing on time. the issuer. Otherwise, anyone who is paid to
a. To acquire his or her principal residence, prepare the return must sign it in the Paid
Last Form 8330 for a program. In the quarter in Preparer’s Use Only area.
b. To make qualified home improvements on
which the last qualified MCC that may be issued
that residence, or The paid preparer must complete the required
under a program is in fact issued, the issuer
c. To make a qualified rehabilitation of that preparer information and:
should check the box marked “Yes” in Part I
residence.
relating to a final return for this MCC program. ● Sign the return, by hand, in the space
Thereafter, the issuer is not required to file any Certificate credit rate. The certificate credit rate provided for the preparer’s signature (signature
subsequent reports with respect to that MCC is the rate specified by the issuer on the MCC. stamps and labels are not acceptable).
program. See Qualified mortgage credit However, the rate cannot be less than 10% nor ● Give a copy of the return to the issuer.
certificate program in the definitions below. more than 50%. For other limitations, see
Temporary Regulations section 1.25-2T(b).
Reissued MCCs. Do not report a reissued MCC
Privacy Act and Paperwork Reduction Act
on Form 8330. A reissued MCC is considered to
Specific Instructions Notice. We ask for the information on this form
be a continuation of the original MCC. It is
to carry out the Internal Revenue laws of the
reported by the lender of the replacement loan
Part I. Reporting Authority United States. You are required to give us the
on Form 8329, Lender’s Information Return for
information. We need it to ensure that you are
Mortgage Credit Certificates (MCCs). Election date. Enter the date the issuer elected
complying with these laws. Section 6109
to issue MCCs in lieu of qualified mortgage
Aggregate number of Forms 8330 filed per requires return preparers to provide their
bonds.
program. Certificates under an MCC program identifying numbers on the return.
Nonissued bond amount. Enter the total amount
may be issued for indebtedness that is incurred
You are not required to provide the
of qualified mortgage bonds (as defined in section
up to the close of the 2nd calendar year
information requested on a form that is subject
143(a)(1), and the related regulations) that the
following the calendar year for which the issuing
to the Paperwork Reduction Act unless the form
issuer has authority to issue but elected instead
authority made the election to issue MCCs in lieu
displays a valid OMB control number. Books or
to convert into authority to issue MCCs. The
of qualified mortgage bonds. Thus, there may be
records relating to a form or its instructions must
amount of qualified mortgage bonds that an
as many as 12 consecutive quarterly reports to
be retained as long as their contents may
issuer elected not to issue may not exceed the
be filed by the issuer for a particular MCC
become material in the administration of any
issuer’s applicable limit (as determined under
program. See section 25(e)(3)(B).
Internal Revenue law. Generally, tax returns and
section 146(d)).
Multiple Forms 8330 filed for a quarter. More return information are confidential, as required
than one Form 8330 may be filed for a particular Part II. Computation of the Total by section 6103.
quarter for an issuer if the issuer had more than
Amount of Mortgage Credit The time needed to complete and file this form
one MCC program in operation during a
will vary depending on individual circumstances.
Certificates
calendar quarter. This may occur where more
The estimated average time is:
than one election was made during a calendar List only the MCCs issued under the program
Recordkeeping 4 hr., 32 min.
year, or where certificates still remain to be elected for the nonissued bond amount shown in
issued under one MCC program, after an Learning about the law
Part I. File a separate Form 8330 for each
election has been made creating another or the form 1 hr., 23 min.
separate program that is still open.
program.
Preparing and sending
Column (a). Enter the certified indebtedness
the form to the IRS 1 hr., 31 min.
Where To File amount for each MCC issued under the qualified
If you have comments concerning the
MCC program.
File Form 8330 with the Department of the accuracy of these time estimates or suggestions
Column (b). Enter the certificate credit rate
Treasury, Internal Revenue Service Center, for making this form simpler, we would be happy
associated with each MCC entered in
Ogden, UT 84201. to hear from you. You can write to the Internal
column (a). Revenue Service, Tax Products Coordinating
Penalty Committee, SE:W:CAR:MP:T:T:SP, 1111
Column (c). For each certificate amount listed in
Constitution Ave. NW, IR-6526, Washington, DC
column (a), multiply by the certificate credit rate
Any person who is required to file Form 8330
20224. Do not send the tax form to this address.
associated with that certificate (column (b)) and
and who does not file that return by the due
Instead, see Where To File on this page.
enter the result in column (c).
date or does not include all the MCCs issued on