IRS Form 8330 – IRS Forms, Instructions, Pubs 2026

IRS Form 8330 – IRS Forms, Instructions, Pubs 2026 – In the world of homeownership incentives, Mortgage Credit Certificates (MCCs) play a crucial role in helping first-time buyers and others afford their dream homes by providing tax credits. However, issuers of these certificates have specific reporting obligations to the IRS. One key document in this process is IRS Form 8330, the Issuer’s Quarterly Information Return for Mortgage Credit Certificates (MCCs). This form ensures compliance with federal tax regulations and helps track the issuance of MCCs tied to nonissued bond amounts. Whether you’re a state agency, local government, or financial professional involved in housing programs, understanding Form 8330 is essential for accurate reporting and avoiding penalties.

In this comprehensive guide, we’ll break down what IRS Form 8330 is, its purpose, who needs to file it, filing deadlines, key sections, and more. We’ll draw from official IRS sources to provide up-to-date, reliable information as of 2026.

What is IRS Form 8330?

IRS Form 8330 is an official tax document used by issuers of Mortgage Credit Certificates to report quarterly information to the Internal Revenue Service (IRS). MCCs are certificates issued by state or local governments that allow eligible homebuyers to claim a federal tax credit for a portion of their mortgage interest payments. Instead of issuing qualified mortgage bonds, issuers can elect to provide MCCs, and Form 8330 tracks the aggregate amounts issued under these programs.

The form is tied to Internal Revenue Code Section 25 and Temporary Regulations Section 1.25-8T(b), which require issuers to report details about MCC programs. It’s a quarterly filing that helps the IRS monitor compliance, ensuring that MCC issuances do not exceed allowable limits based on nonissued bond amounts.

Purpose of Form 8330

The primary purpose of IRS Form 8330 is to provide the IRS with detailed information on MCC issuances. This includes the total amounts of certificates issued during the quarter, cumulative totals from prior quarters, and any revocations of previously issued MCCs. By filing this form, issuers confirm that their MCC programs align with federal limits—specifically, that the aggregate MCC amounts do not exceed 25% of the nonissued bond amount elected by the issuer.

This reporting mechanism supports the broader goal of the MCC program: to promote affordable housing by converting bond authority into tax credits for homebuyers. Without proper reporting via Form 8330, issuers risk invalidating their elections or facing audits.

Who Must File IRS Form 8330?

Form 8330 must be filed by issuers that have elected to issue MCCs in lieu of qualified mortgage bonds. These issuers typically include:

  • States
  • Political subdivisions (e.g., counties, cities, or housing authorities)
  • Any entity authorized under state law to issue MCCs

Each issuer must file a separate Form 8330 for every qualified MCC program they operate. If an issuer has multiple MCC programs active in a single quarter, they may need to submit multiple forms. Note that reissued MCCs are not reported on this form; instead, they are handled by lenders on Form 8329.

Homebuyers or individual taxpayers do not file Form 8330—this is strictly an issuer’s responsibility.

When and How to File Form 8330?

Filing IRS Form 8330 is required on a quarterly basis, starting from the quarter in which the issuer made the election to issue MCCs. The due dates are as follows:

  • For the quarter ending March 31: Due by April 30
  • For the quarter ending June 30: Due by July 31
  • For the quarter ending September 30: Due by October 31
  • For the quarter ending December 31: Due by January 31

If the due date falls on a weekend or holiday, it typically shifts to the next business day. Issuers should file even if no MCCs were issued during the quarter, unless it’s the final return for the program.

How to File?

  • Paper Filing: Mail the completed form to the Department of the Treasury, Internal Revenue Service Center, Ogden, UT 84201.
  • Electronic Filing: Currently, Form 8330 is not eligible for electronic filing through the IRS e-file system. Always check the latest IRS updates for any changes.
  • Final Return: Check the “Yes” box in Part I if this is the last return for the MCC program, typically filed in the quarter when the final qualified MCC is issued.

Issuers must sign the form under penalties of perjury, and if using a paid preparer, include their details.

Key Sections of IRS Form 8330

Form 8330 is divided into three main parts, plus a signature section. Here’s a breakdown:

Part I: Reporting Authority

This section captures basic issuer information:

  • Issuer’s name, address, and employer identification number (EIN)
  • Election date for the MCC program
  • Nonissued bond amount
  • Indicator if this is the final return for the program

Part II: Computation of the Total Amount of Mortgage Credit Certificates

Here, issuers report details for up to six MCCs issued in the quarter:

  • Certified indebtedness amount (principal of the mortgage)
  • Certificate credit rate (percentage of interest eligible for credit)
  • Calculated MCC amount (indebtedness x credit rate)

Totals include:

  • Line 7: Quarterly total
  • Line 8: Cumulative from prior quarters
  • Line 9: Aggregate total
  • Line 10: Confirmation if aggregate exceeds 25% of nonissued bond amount (if “Yes,” additional steps may be required)

If more than six MCCs were issued, attach a separate statement in the same format.

Part III: Revocation of Qualified Mortgage Credit Certificates

Report any revoked MCCs, including the holder’s name, address, and Social Security Number.

The form also includes space for paid preparer information and must be signed by an authorized representative.

Penalties for Not Filing or Incorrect Filing

Failure to file IRS Form 8330 on time or providing inaccurate information can result in penalties under IRC Section 6721 and 6722. These may include:

  • $280 per failure to file (adjusted for inflation; check current rates)
  • Higher penalties for intentional disregard
  • Potential revocation of the issuer’s MCC election authority

To avoid issues, maintain accurate records of all MCC issuances and consult IRS guidelines or a tax professional.

Tips for Completing IRS Form 8330

  • Use the latest version of the form (Rev. October 2021 as of the last update).
  • Double-check calculations in Part II to ensure the aggregate doesn’t exceed limits.
  • If revoking an MCC, ensure proper notification to the holder and IRS.
  • For complex programs, consider consulting IRS Publication 5307 (Tax-Exempt Bonds for Housing) or a specialist.
  • Form 8329: Lender’s Information Return for Mortgage Credit Certificates (MCCs)
  • Form 8396: Mortgage Interest Credit (for individual taxpayers claiming the credit)
  • Official IRS Resources: Visit the IRS website for the latest Form 8330 PDF and updates.

For more details on MCC programs, explore state housing finance agency websites or IRS.gov’s search for “Mortgage Credit Certificates.”

Conclusion

IRS Form 8330 is a vital tool for issuers managing Mortgage Credit Certificate programs, ensuring transparency and compliance with federal tax laws. By filing accurately and on time, issuers support affordable housing initiatives while avoiding costly penalties. If you’re an issuer, familiarize yourself with the form’s requirements and stay updated on any IRS changes. For personalized advice, consult a tax expert or the IRS directly.

This guide is based on official IRS documentation and is intended for informational purposes only—not as tax advice. Always refer to the latest IRS publications for the most current information.