Question 1

&#x2705; What is the purpose of IRS Form 8038-CP?

Accepted Answer

IRS Form 8038-CP, Return for Credit Payments to Issuers of Qualified Bonds, is used to claim refundable tax credits payable to issuers. File form 8038-CP with Tax990 and get to know the return status instantly! read more

Question 2

&#x2705; Who must file Form 8038-CP?

Accepted Answer

Issuers of qualified build America bonds (BABs), recovery zone economic development bonds (RZEDBs), and specified tax credit bonds must complete and file Form 8038-CP to the IRS read more

Question 3

&#x2705; When is the due date to file Form 8038-CP?

Accepted Answer

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). This is the same for variable rate bonds. read more

Question 4

&#x2705; What are the types of Bonds associated with form 8038-CP?

Accepted Answer

There are various bonds associated with form 8038-cp, such as Build America bonds, New clean renewable energy bonds, and more. File 8038-cp with Tax990 and get your return status instantly! read more

Question 5

&#x2705; Whom can the issuer contact regarding payment-related questions in Form 8038-CP?

Accepted Answer

The issuer, the trustee, or the trustee authorized by the issuer on Form 8038-CP, may call TE/GE Customer Service at 877-829-5500. read more

Question 6

&#x2705; Is there a late filing penalty for Form 8038-CP?

Accepted Answer

Form 8038-CP doesn't have any late filing penalties. However, to pay back arbitrage (or paying the penalty instead of arbitrage rebate) to the federal government, use Form 8038-T read more

Question 7

&#x2705; Is there any additional requirement when filing 8038-CP?

Accepted Answer

While filing IRS 8038-CP form, the issuers/receivers may need to attach Schedule A along with their 8038-CP return. File form 8038-cp return with us and attach Schedule A for FREE! read more

Question 8

&#x2705; What information can I amend in a Form 8038-CP return?

Accepted Answer

You can only amend the information in Part III, Payment of Credit of your IRS Form 8038-CP. Amend your form 8038-cp return with Tax990 now! read more

Question 9

&#x2705; I paper-filed by 8038-cp return. Can I amend it using your e-filing software?

Accepted Answer

No. If your previous 8038-CP return was paper-filed, the amended return must also be paper-filed. The same rule applies to electronic filing. read more

Question 10

&#x2705; Can I amend a Form 8038-CP return filed with a different service provider?

Accepted Answer

If you e-filed your Form 8038-CP with another service provider and the IRS accepted it, you can file an amended return with us. read more

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