When is the due date to file Form 8038-CP?
98 views | Last modified 9/7/2023 6:11:25 AM EST |

Form 8038-CP doesn’t have a specific due date.

However, filing Form 8038-CP for fixed rate bonds must be filed no later than 45 days before the relevant interest payment date (IPD). It may not be submitted earlier than 90 days before the IPD.

For example, If you are filing an 8038-CP Form for a fixed rate bond and the Interest Payment Date is 01/15/2023, the due date of the return is 45 days before the IPD, which is December 2, 2022.

The filing timeline is the same for variable rate bonds (45 days before the relevant interest payment date but no earlier than 90 days before the relevant interest payment date).

For variable rate bonds, when the issuer does not know the interest payment amount 45 days prior to the interest payment date, the issuer must aggregate all credit payments every quarter and file Form 8038-CP for reimbursement in outstanding payments no later than 45 days after the last interest payment date within the quarterly period for which the reimbursement is being requested.

For example, if you are filing IRS Form 8038-CP for a variable rate bond and the Interest Payment Date (IPD) on line 18 is 01/15/2023, the due date of the return is 45 days after the last lPD within the quarterly period for which the reimbursement is being requested, which is March 1, 2023.

Click here to learn more about Form 8038-CP filing instructions.

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