Get the free 8038g - irs

Form 8038-G Information Return for Tax-Exempt Governmental Obligations Under Internal Revenue Code section 149(e) See separate Instructions. Caution: Use Form 8038-GC if the issue price is under $100,000.

How to fill out 8038g - irs

How to fill out 8038g:

1. Obtain a copy of Form 8038g from the Internal Revenue Service (IRS) website or your tax professional.
2. Fill in the identifying information at the top of the form, such as your name, taxpayer identification number, and address.
3. Check the appropriate boxes to indicate the type of government obligation applicable. This could include qualified mortgage bonds, qualified small-issue bonds, or other types of tax-exempt bonds.
4. Provide detailed information about the bond issue, such as the issuing authority, date of issue, and total principal amount.
5. Report any private business use of the bond proceeds, if applicable. This includes any use by a private entity for non-governmental purposes.
6. Complete the schedule of bonds section, which requires listing each bond that is part of the issue. Include the bond's CUSIP number, issue date, and principal amount.
7. Calculate and report any arbitrage rebate due, if required. This is applicable if the bond issue exceeded certain thresholds and generated investment income.
8. Include any other required schedules or attachments, such as the computation of yield or a determination of bond eligibility.
9. Sign and date the form where indicated, and provide any additional required signatures or documentation.
10. Keep a copy of the completed form for your records.

Who needs 8038g:

1. Government entities or organizations that have issued tax-exempt bonds or are planning to do so.
2. Issuers of qualified mortgage bonds or qualified small-issue bonds.
3. Individuals or entities responsible for reporting the use and compliance of tax-exempt bond proceeds.

For pdfFiller’s FAQs

How can I send 8038g - irs for eSignature?

When you're ready to share your 8038g - irs, you can send it to other people and get the eSigned document back just as quickly. Share your PDF by email, fax, text message, or USPS mail. You can also notarize your PDF on the web. You don't have to leave your account to do this.

How do I fill out 8038g - irs using my mobile device?

Use the pdfFiller mobile app to complete and sign 8038g - irs on your mobile device. Visit our web page (https://edit-pdf-ios-android.pdffiller.com/) to learn more about our mobile applications, the capabilities you’ll have access to, and the steps to take to get up and running.

How do I edit 8038g - irs on an Android device?

With the pdfFiller Android app, you can edit, sign, and share 8038g - irs on your mobile device from any place. All you need is an internet connection to do this. Keep your documents in order from anywhere with the help of the app!

What is 8038g?

8038g refers to a form used for reporting tax-exempt governmental bond issues.

Who is required to file 8038g?

State and local governments, as well as their agencies and instrumentalities, are required to file Form 8038g.

How to fill out 8038g?

To fill out Form 8038g, you need to provide information about the tax-exempt bond issue, including issuer details, project information, bond characteristics, and financial data. The form can be filled out electronically or manually.

What is the purpose of 8038g?

The purpose of Form 8038g is to report tax-exempt bond issues and provide information to the IRS for compliance and monitoring purposes.

What information must be reported on 8038g?

Form 8038g requires reporting of information such as issuer details, project description, bond characteristics, financing structure, and the use of proceeds.

What is the penalty for late filing of 8038g?

The penalty for late filing of Form 8038g can vary, but it is generally calculated based on a percentage of the unpaid tax liability for each month the form is late, up to a maximum penalty percentage.