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Form 8038 is used by issuers of tax-exempt private activity bonds to provide required information to the IRS, ensuring compliance with the Internal Revenue Code concerning various types of private activity bonds and their associated regulations.
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How to fill out form 8038

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How to fill out form 8038

01
Obtain Form 8038 from the IRS website or local IRS office.
02
Fill in the issuer's name and address in Part I.
03
Provide the purpose of the bond issue in Part I.
04
Enter information regarding the issuer's tax status in Part II.
05
Complete Part III by providing details about the bond issue, including the amount and interest rates.
06
Fill out Part IV if applicable, providing descriptions of any refunding issues.
07
Ensure you include the name and phone number of a contact person.
08
Sign and date the form at the bottom.
09
Submit the completed form to the IRS as instructed in the guidelines.

Who needs form 8038?

01
Form 8038 is required for issuers of tax-exempt bonds, such as state and local governments.
02
Entities issuing municipal bonds must file this form to report the issuance to the IRS.
03
Borrowers using tax-exempt financing options are also required to complete this form.
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Form 8038 is a document used to report information regarding the issuance of tax-exempt bonds to the IRS.
Issuers of tax-exempt bonds are required to file Form 8038.
Form 8038 should be completed by providing information such as the issuer's name, address, and details about the bonds being issued, including the date of issue and amount.
The purpose of Form 8038 is to provide the IRS with information needed to monitor tax-exempt bond issuance and ensure compliance with tax laws.
Form 8038 requires reporting details like the type of bond, issuer information, issue date, principal amount, and interest rates.
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