Get the free Form 8038 (Rev. January 1999). Information Return for Tax-Exempt Private Activity Bo...

Form 8038 Reporting Authority (Rev. January 1999) Department of the Treasury Internal Revenue Service Information Return for Tax-Exempt Private Activity Bond Issues (Under Internal Revenue Code section

How to fill out form 8038 rev january

How to fill out form 8038 rev January:

1. Gather all necessary information and documentation related to the bond issue that the form pertains to. This includes details such as the issuer's name, taxpayer identification number, bond issue type, and the purpose of the bond proceeds.
2. Begin filling out the top section of the form, which requires providing the issuer's name, address, and taxpayer identification number, as well as the issuer's contact information.
3. Proceed to the "Issuer Information" section, where you need to provide details about the bond issue, including the issue type, purpose, and the date of the issue. This section also requires reporting on any private business use of the bond proceeds.
4. Move on to the "Bond Issue Information" section. Here, you must provide information about the bond maturity date, the maximum interest rate, and the total outstanding principal amount of the bond issue.
5. Fill out the "Issue Price Limit" section, which involves providing details about the issue price, underwriting discount, and any other adjustments to the issue price limit.
6. Complete the "Schedule A" section, which requires reporting on certain characteristics and use of the bond issue. This may include information about the bond's investment property, arbitrage bonds, and bond insurance or other credit enhancements.
7. After completing all the sections, review the form thoroughly for accuracy and ensure that all the required fields have been properly filled out.

Who needs form 8038 rev January:

1. Issuers of certain governmental bonds need to file Form 8038 rev January. This includes state and local governments, as well as certain special purpose governmental entities.
2. Non-profit entities that are subject to tax on the income arising from private business use of bond-financed property may also need to file Form 8038 rev January to report such private business use.
3. Additionally, certain individuals or entities that serve as financial advisors or underwriters for bond issues may need to file this form as part of their reporting obligations.

Please note that the information provided here is a general overview and it is recommended to consult the IRS instructions and guidelines specific to Form 8038 rev January or consult a tax professional for specific guidance in filling out the form.

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What is form 8038 rev january?

Form 8038 rev January is a tax form used by issuers of tax-exempt bonds to provide information to the IRS about the bond issue.

Who is required to file form 8038 rev january?

Issuers of tax-exempt bonds are required to file form 8038 rev January with the IRS.

How to fill out form 8038 rev january?

Form 8038 rev January must be filled out by providing various information about the tax-exempt bond issue, such as the bond's purpose, issuer information, and financial details. Specific instructions can be found on the IRS website or in the form's instructions.

What is the purpose of form 8038 rev january?

The purpose of form 8038 rev January is to provide the IRS with information about tax-exempt bond issues, including the bond's purpose, issuer information, and financial details.

What information must be reported on form 8038 rev january?

Form 8038 rev January requires the reporting of various information, such as the bond's purpose, issuer information, financial details, and other relevant information pertaining to the tax-exempt bond issue.