Form 8330

(Rev. October 2021)

Department of the Treasury 

Internal Revenue Service 

Issuer’s Quarterly Information Return 

for Mortgage Credit Certificates (MCCs)

▶ Go to www.irs.gov/Form8330 for the latest information.

OMB No. 1545-0047

Calendar quarter ending: March June September December Year ▶

Part I Reporting Authority 

Issuer’s name 

Issuer’s address (number and street or P.O. box no., if mail is not delivered to street address) Room/suite 

City, town, or post office, state, and ZIP code 

Employer identification number 

Election date 

Nonissued bond amount 

Is this the final return to be filed for this MCC program? . . . . . . . . . . . . . . . . . . . . Yes No 

Part II Computation of the Total Amount of Mortgage Credit Certificates 

(a) 

Certified Indebtedness Amount of 

Mortgage Credit Certificates 

(b) 

Certificate Credit Rate 

(c) 

Amount of Mortgage Credit Certificates 

Issued (column (a) x 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) . .

10 Does line 9 exceed 25% of the nonissued bond amount in Part I? (If “Yes,” see instructions.) . . . . . Yes No 

Part III Revocation of Qualified Mortgage Credit Certificates 

Name Address Social Security Number 

Sign 

Here 

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.

▲

Signature of authorized representative of issuer Date ▲

Title 

Paid 

Preparer 

Use Only

Print/Type preparer’s name Preparer's signature Date Check if 

self-employed

PTIN

Firm’s name ▶ Firm's EIN ▶

Firm's address ▶ Phone no.

For Paperwork Reduction Act Notice, see instructions. Cat. No. 13905M Form 8330 (Rev. 10-2021) 
Form 8330 (Rev. 10-2021) Page 2 

General Instructions 

Section references are to the Internal Revenue Code 

unless otherwise noted. 

Section 25 permits issuers that have authority to 

issue qualified mortgage bonds (as defined in 

section 143) to elect to issue MCCs in lieu of 

qualified mortgage bonds. See Temporary 

Regulations section 1.25-4T(c)(2) for more details. 

Future Developments

For the latest information about developments 

related to Form 8330 and its instructions, such as 

legislation enacted after they were published, go to 

www.irs.gov/Form8330. 

Purpose of Form 

Form 8330 is used by issuers (states and political 

subdivisions) of MCCs to provide the IRS with 

information required by section 25 and Temporary 

Regulations section 1.25-8T(b). 

Who Must File 

Each issuer that elected to issue MCCs must file 

Form 8330 for each qualified mortgage credit 

certificate program. 

When To File 

File Form 8330 on a quarterly basis beginning with 

the quarter in which the election was made. 

The return for each MCC program is due as 

follows: 

For the quarter Form 8330 

 ending: is due by: 

March 31 . . . . . . . . . April 30

June 30 . . . . . . . . . July 31 

September 30 . . . . . . . October 31 

December 31 . . . . . . . January 31 

The IRS may grant an extension of time to file 

Form 8330 if there is reasonable cause for not filing 

on time. 

Last Form 8330 for a program. In the quarter in 

which the last qualified MCC that may be issued 

under a program is in fact issued, the issuer should 

check the box marked “Yes” in Part I relating to a 

final return for this MCC program. Thereafter, the 

issuer is not required to file any subsequent reports 

with respect to that MCC program. See Qualified 

mortgage credit certificate program in the 

definitions, later. 

Reissued MCCs. Do not report a reissued MCC on 

Form 8330. A reissued MCC is considered to be a 

continuation of the original MCC. It is reported by 

the lender of the replacement loan on Form 8329, 

Lender’s Information Return for Mortgage Credit 

Certificates (MCCs). 

Aggregate number of Forms 8330 filed per 

program. Certificates under an MCC program may 

be issued for indebtedness that is incurred up to the 

close of the 2nd calendar year following the calendar 

year for which the issuing authority made the 

election to issue MCCs in lieu of qualified mortgage 

bonds. Thus, there may be as many as 12 

consecutive quarterly reports to be filed by the 

issuer for a particular MCC program. See section 

25(e)(3)(B). 

Multiple Forms 8330 filed for a quarter. More than 

one Form 8330 may be filed for a particular quarter 

for an issuer if the issuer had more than one MCC 

program in operation during a calendar quarter. This 

may occur where more than one election was made 

during a calendar year, or where certificates still 

remain to be issued under one MCC program, after 

an election has been made creating another

program. 

Where To File 

File Form 8330 with the Department of the Treasury, 

Internal Revenue Service Center, Ogden, UT 84201. 

Penalty 

Any person who is required to file Form 8330 and 

who does not file that return by the due date or does 

not include all the MCCs issued on a timely filed 

return is subject to a penalty. The penalty is $200 for 

each MCC required to be reported on Form 8330. 

The maximum penalty is $2,000. 

Definitions 

Mortgage credit certificate. A mortgage credit 

certificate is a certificate issued under a “qualified 

mortgage credit certificate program” by the state or 

political subdivision having the authority to issue 

qualified mortgage bonds to provide financing for 

the acquisition, qualified rehabilitation, or qualified 

home improvement of a taxpayer’s principal 

residence. For more information, see section 25(c)(1).

Qualified mortgage credit certificate program. A 

qualified mortgage credit certificate program is a 

program established for any calendar year by a 

state or political subdivision that is authorized to 

issue qualified mortgage bonds under section 143 

(and for which there has been an appropriate 

allocation of state volume cap for that calendar year 

under section 146), but elected instead to issue 

mortgage credit certificates. (See section 25(c)(2) for 

additional requirements.) 

Aggregate amount. The aggregate amount (the 

certified indebtedness times the certificate credit 

rate for each MCC, totaled for all mortgage credit 

certificates issued under a single MCC program), 

may not exceed 25% of the nonissued bond amount 

for which the election not to issue bonds was made. 

See section 25(d)(2). 

Certified indebtedness amount. The certified 

indebtedness amount is the amount of indebtedness 

specified in the MCC and incurred by a taxpayer: 

a. To acquire his or her principal residence, 

b. To make qualified home improvements on that 

residence, or 

c. To make a qualified rehabilitation of that 

residence. 

Certificate credit rate. The certificate credit rate is 

the rate specified by the issuer on the MCC. 

However, the rate cannot be less than 10% nor 

more than 50%. For other limitations, see 

Temporary Regulations section 1.25-2T(b). 

Specific Instructions 

Part I. Reporting Authority 

Election date. Enter the date the issuer elected to 

issue MCCs in lieu of qualified mortgage bonds. 

Nonissued bond amount. Enter the total amount of 

qualified mortgage bonds (as defined in section 

143(a)(1), and the related regulations) that the issuer 

has authority to issue but elected instead to convert 

into authority to issue MCCs. The amount of 

qualified mortgage bonds that an issuer elected not 

to issue may not exceed the issuer’s applicable limit 

(as determined under section 146(d)). 

Part II. Computation of the Total 

Amount of Mortgage Credit 

Certificates 

List only the MCCs issued under the program 

elected for the nonissued bond amount shown in 

Part I. File a separate Form 8330 for each separate 

program that is still open. 

Column (a). Enter the certified indebtedness 

amount for each MCC issued under the qualified 

MCC program. 

Column (b). Enter the certificate credit rate 

associated with each MCC entered in column (a). 

Column (c). For each certificate amount listed in 

column (a), multiply by the certificate credit rate 

associated with that certificate (column (b)) and 

enter the result in column (c). 

If additional space is needed, attach a separate 

statement in the same format as lines 1 through 6 of 

Part II of this Form 8330. Include the total amount of 

the MCCs listed on the separate statements only on 

line 7 of the Form 8330. You may use an unsigned 

copy of a Form 8330 as the separate statement. 

Line 8. Include the total amount of MCCs issued for 

all prior quarters under the MCC program elected for 

the nonissued bond amount shown in Part I, whether 

or not issued during the current calendar year. 

Line 9. Enter the aggregate, as of the end of the 

quarter, of amounts for all certificates issued for the 

MCC program elected for the nonissued bond 

amount shown in Part I. 

Line 10. If the amount on line 9 exceeds 25% of the 

nonissued bond amount shown in Part I, see section 

25(f) and Temporary Regulations section 1.25-5T(d) 

for the appropriate calculation to reduce the 

following year’s bond volume cap under section 

146(d). 

Part III. Revocation of Qualified 

Mortgage Credit Certificates 

Identify each holder of a qualified MCC that was 

revoked during the calendar quarter. For more 

information, see Temporary Regulations section 

1.25-3T(m). 

Signature 

Form 8330 must be signed by an authorized 

representative of the issuer. 

Paid Preparer Use Only

Anyone who prepares the return but does not 

charge the organization should not sign the return. 

Certain others who prepare the return should not 

sign. For example, a regular, full-time employee of 

the issuer, such as a clerk, secretary, etc., should 

not sign.

Generally, anyone who is paid to prepare a return 

must sign it and fill in the other blanks in the Paid 

Preparer Use Only area of the return. A paid preparer 

cannot use a social security number in the paid Paid 

Preparer Use Only box. The paid preparer must use 

a preparer tax identification number (PTIN). If the 

paid preparer is self-employed, the preparer should 

enter his or her address in the box. The paid 

preparer must:

• Sign the return in the space provided for the 

preparer’s signature,

• Enter the preparer information, and

• Give a copy of the return to the issuer.

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 

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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. However, certain returns and return 

information of tax-exempt organizations and trusts 

are subject to public disclosure and inspection, as 

provided by section 6104. 

The time needed to complete and file this form will 

vary depending on individual circumstances. The 

estimated burden for tax-exempt organizations filing 

this form is approved under OMB control number 

1545-0047 and is included in the estimates shown in 

the instructions for their information return.

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 send us comments from www.irs.gov/

FormComments. Or you can write to: 

Internal Revenue Service 

Tax Forms and Publications Division 

1111 Constitution Ave. NW, IR-6526 

Washington, DC 20224

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see Where To File on this page.