Get Form 8038 (rev. December 2000). Information Return For Tax-exempt Private Activity Bond Issues

Filling out the Form 8038 is essential for reporting information about tax-exempt private activity bonds. This guide provides clear, detailed steps to assist you in completing the form accurately and efficiently, tailored for both experienced users and those new to the process.

Follow the steps to successfully complete the Form 8038 online.

1. Press the ‘Get Form’ button to access the form and have it opened in your preferred online document editor.
2. Begin with Part I of the form which includes basic issuer information. Fill in the issuer’s name, employer identification number, report number, and contact details for the legal representative.
3. In Part II, select the applicable type of issue by checking the box and entering the issue price. Ensure that each section for types of bonds is completed accurately, including any specific selections like deep rent skewing.
4. Move to Part III and provide a detailed description of the bonds being issued. Complete fields for final maturity date, issue price, stated redemption price, weighted average maturity, and yield.
5. Proceed to Part IV to specify the uses of proceeds from the issue. Clearly indicate amounts used for accrued interest, credit enhancement, reserves, and other necessary allocations.
6. In Part V, describe the property financed by nonrefunding proceeds. Make sure that the total of the different types of property listed equals the amount from the prior section.
7. If applicable, complete Part VI, detailing any amounts related to nonrefunding proceeds or the description of refunded bonds in Part VII.
8. Finally, in Part VIII, provide miscellaneous information, including the name of governmental units approving the issue and volume cap amounts, as required.
9. Once all sections are completed, review the form to ensure accuracy. You can then save your changes, download a copy, print the form, or share it as needed.

Complete your Form 8038 online to ensure accurate reporting of your tax-exempt private activity bond issues.