tax forms found in
Tax Form Code
Tax Form Name

Federal Free Printable Form 8693 (Rev. 2-1997) for 2021 Federal Low-Income Housing Credit Disposition Bond

Tax day has passed, and refunds are being processed! You can still e-file a late tax return here with TurboTax

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2019-federal-form-8693.pdf, and you can print it directly from your computer.

Low-Income Housing Credit Disposition Bond
Form 8693 (Rev. 2-1997)

Form 8693 Low-Income Housing Credit Disposition Bond Department of the Treasury Internal Revenue Service Part I Attachment Sequence No. Attach to your return after receiving IRS approval. Name of taxpayer making disposition 1 OMB No. 1545–1029 (For use by taxpayers posting bond under section 42(j)(6)) (Rev. February 1997) 91 Identifying number Bonding Address of building as shown on Form 8609 (do not use P.O. box) 2 Building identification number 3 Date the 15-year compliance period ends 4 5 Date property 6 interest disposed of Check the box that applies: This is an original bond, strengthening bond, or Date bond issued superseding bond. ( 7a Bond is given by Principal ) Telephone number (optional) Address as principal and Surety as surety or sureties. Address 7b As principal and surety, we are obligated to the United States in the amount of $ . We also jointly and severally obligate our heirs, executors, administrators, successors, and assigns for the payment of this amount. Part II Signatures Under penalties of perjury, I declare that I have examined this form and any accompanying statements, and to the best of my knowledge and belief, they are true, correct, and complete. Signature of principal Name (please print) Date Signature of principal Name (please print) Date Signature of surety Name and identifying number (please print) Date Signature of surety Name and identifying number (please print) Date Part III Certificate of Corporate Principal (corporations only) I certify that the person above, who signed on behalf of the principal, was an authorized representative of the corporation. Signature of secretary of the corporation Part IV Name (please print) Date Approval by IRS (See instructions.) Bond approved Date General Instructions Section references are to the Internal Revenue Code. Paperwork Reduction Act Notice We ask for the information on this form to carry out the Internal Revenue laws of the United States. You are required to give us the information. We need it to ensure that you are complying with these laws and to allow us to figure and collect the right amount of tax. You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control Internal Revenue Service official number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103. The time needed to complete and file this form will vary depending on individual circumstances. The estimated average time is: Recordkeeping 13 min. Learning about the 14 min. law or the form Preparing, copying, assembling, and sending 40 min. the form to the IRS Cat. No. 10298Y If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we would be happy to hear from you. You can write to the Tax Forms Committee, Western Area Distribution Center, Rancho Cordova, CA 95743-0001. DO NOT send Form 8693 to this address. Instead, see When and Where To File on page 2. Purpose of Form Use Form 8693 to post a bond under section 42(j)(6) to avoid recapture of the low-income housing credit. Form 8693 (Rev. 2-97) Form 8693 (Rev. 2-97) The bond ensures payment of the recapture tax imposed under section 42(j). The conditions of the bond are that the principal (i.e., taxpayer): ● Does not attempt to defraud the United States of any tax under section 42(j); ● Files all returns and statements as required by law or regulations; ● Pays all taxes including any penalties and interest charges; and ● Complies with all other requirements of the law and regulations under section 42. Qualifying Sureties The company acting as surety must hold a Certificate of Authority from the Department of the Treasury, Financial Management Service. These companies are listed in Treasury Circular 570. You may get a copy of this circular by writing to the Department of the Treasury, Financial Management Service, Surety Bond Branch, 3700 East West Hwy., Hyattsville, MD 20782, or by calling (202) 874-6850 (not a toll-free number). A taxpayer may not be a surety for itself, nor may a member of a firm or a partner in a partnership be a surety for the firm or partnership of which he or she is a member or a partner. Surety Termination If a surety’s certificate of authority is terminated, the surety may be relieved of liability under the bond provided it notifies the principal and the IRS by the date the termination announcement is published in the Federal Register. The notice must be sent by certified mail and must state that the principal has 60 days from the date the termination announcement is published in the Federal Register to get an adequate strengthening or superseding bond with another surety listed in Treasury Circular 570. If notice is given, the principal’s rights under the bond will end 60 days after the date the termination announcement is published in the Federal Register. A qualified surety (or coinsuring surety) may terminate its liability on a bond only if the surety notifies the principal and the IRS at least 60 days before the date the surety wants to terminate its liability. The notice must state that the principal has 60 days from the termination date to obtain an adequate superseding or strengthening bond from another qualified surety (or coinsuring surety). If the surety does not provide this notice, it remains liable for the amount posted on the bond. If the surety gives notice but does not meet the 60-day notification requirement or fails to include a termination date in the notice, the surety’s liability will terminate 60 days after the postmark date on the notice. Send the IRS copy of the notice to the Internal Revenue Service Center, Philadelphia, PA 19255. If the principal fails to post a strengthening or superseding bond within 60 days from the date (a) the termination announcement is published in the Federal Register or (b) on which a surety’s liability on a bond terminates, recapture under section 42(j) is required. Page 2 Period of Bond When and Where To File The liability stated on the bond must be for the period of years remaining in the 15-year compliance period of the building plus an additional 58 months. The compliance period begins with the tax year the building was placed in service or the succeeding tax year if the election under section 42(f)(1) is made. Submit the original and one copy of Form 8693 to the Internal Revenue Service Center, Philadelphia, PA 19255, within 60 days after the date of disposition of the building or interest therein. The completed form may be submitted by either the taxpayer or the surety. When the IRS returns a copy of the approved form, attach a copy of it to your income tax return for the year in which the disposition occurred. Write “FORM 8693 ATTACHED” to the left of the entry space on your income tax return for reporting the recapture of the low-income housing credit. Recordkeeping Keep a copy of this Form 8693 together with all Forms 8586, 8609, Schedule(s) A (Form 8609), and 8611 for 58 months after the 15-year compliance period ends. Who Must File Taxpayers who claimed a low-income housing credit on a residential rental building and later (in a tax year during the 15-year compliance period) disposed of the building or an ownership interest in it must file this form to avoid recapture of the credit claimed. A de minimis rule may apply to certain dispositions of interests in partnerships that own buildings in which a credit was claimed. See Rev. Rul. 90-60, 1990-2 C.B. 3, for additional information. Partnerships Section 42(j)(5) partnerships.—Any person holding a power of attorney in a section 42(j)(5) partnership (a partnership with 35 or more partners that has not elected out of the section 42(j)(5) provisions) may post bond as principal on behalf of the partnership. A bond posted on behalf of a partnership must be posted in the partnership’s name, with the name of the authorized representative of the partnership posting the bond appearing immediately below the partnership’s name. Partnerships that elected out of the section 42(j)(5) provisions or have fewer than 35 partners.—If partners in partnerships to which section 42(j)(5) does not apply want to post bond, the partners must post bond in their individual capacity as principals. Specific Instructions Line 2. Building Identification Number (BIN).—This is the number assigned to the building by the housing credit agency on Part I, item E, of Form 8609, Low-Income Housing Credit Allocation Certification. Line 7b. Amount of Bond.—Use the worksheet below to calculate the bond amount. See Rev. Rul. 90-60 for additional information on the methodology for determining the bond amount. If the amount is not an even multiple of $100, increase the bond amount to the next higher multiple of $100. Part III. Certificate of Corporate Principal.—If the principal is a corporation, the authority of the person posting the bond must be certified by the secretary of the corporation by completing Part III. Or the corporation may attach copies of records that will show the authority of the officer signing if the copies are certified by the secretary to be true copies. Part IV. Approval by the IRS.—The IRS will notify you of the approval or rejection of the bond. If approved, the IRS will send a copy of the approved Form 8693 to the principal shown in Part I. If rejected, the owner must recapture the allowed low-income housing credit. Use Form 8611, Recapture of Low-Income Housing Credit. Worksheet for Computing Bond Amount 1 Total credits taken by you in previous years and any additional credits you anticipate claiming for any year or portion thereof preceding the date of disposition $ 2 Bond factor amount % 3 Percentage of taxpayer’s total interest in the qualified low-income building disposed of % 4 Bond amount required to be posted (line 1 3 line 2 3 line 3). Enter here and on line 7b Instructions for Worksheet Line 1.—Enter the total amount of the credits claimed on the building. See Part I of Forms 8586 you have filed. Include any additional credits you anticipate claiming for any period preceding the date of disposition. Do not include credit amounts previously recaptured, credit amounts for which a bond was previously posted, or credits claimed on additions to qualified basis as determined under section 42(f)(3). $ Line 2. Bond Factor Amount.—Enter the bond factor amount corresponding to the month in the compliance period in which the disposition occurred and the first year of the building’s credit period. The IRS announces the monthly bond factor amounts quarterly in a revenue ruling published in the Internal Revenue Bulletin. Line 3.—Enter the ownership interest in the qualified low-income building that you have disposed of. Include ownership interests held both directly and indirectly (e.g., through a partnership).
Extracted from PDF file 2019-federal-form-8693.pdf, last modified March 1997

More about the Federal Form 8693 Other Tax Credit

We last updated the Low-Income Housing Credit Disposition Bond in February 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Federal Internal Revenue Service. You can print other Federal tax forms here.

eFile your Federal tax return now

eFiling is easier, faster, and safer than filling out paper tax forms. File your Federal and Federal tax returns online with TurboTax in minutes. FREE for simple returns, with discounts available for TaxFormFinder users!

File Now with TurboTax

Other Federal Other Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 8962 Premium Tax Credit
Form W-4V Voluntary Withholding Request
Form 8949 Sales and other Dispositions of Capital Assets
Form 14039 Identity Theft Affidavit
Form 8965 Health Coverage Exemptions

Download all  tax forms View all 775 Federal Income Tax Forms

Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 8693 from the Internal Revenue Service in February 2020.

Show Sources >

Form 8693 is a Federal Other form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

Historical Past-Year Versions of Federal Form 8693

We have a total of seven past-year versions of Form 8693 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2019 Form 8693

Form 8693 (Rev. 2-1997)

2018 Form 8693

Form 8693 (Rev. 2-1997)

2017 Form 8693

Form 8693 (Rev. 2-1997)

2016 Form 8693

Form 8693 (Rev. 2-1997)

Low-Income Housing Credit Disposition Bond 2015 Form 8693

Form 8693 (Rev. 2-1997)

Low-Income Housing Credit Disposition Bond 2012 Form 8693

Form 8693 (Rev. 2-1997)

Low-Income Housing Credit Disposition Bond 2011 Form 8693

Form 8693 (Rev. 2-1997)

TaxFormFinder Disclaimer:

While we do our best to keep our list of Federal Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

** This Document Provided By TaxFormFinder.org **
Source: http://www.taxformfinder.org/federal/form-8693