Form 8038-TC

Form 8038-TC

A form that the issuer of a qualified bond files with the IRS in order to claim a tax credit for the coupons. For example, an issuer of a bond used to build a new school may be eligible to file this form.
Mentioned in ?
References in periodicals archive ?
Issuers of specified tax credit bonds are required to file Form 8038-TC, Information Return for Tax Credit Bonds and Specified Tax Credit Bonds.
Issuers are required to file IRS Form 8038-TC, Information Return for Tax Credit Bonds and Specified Tax Credit Bonds, to report such issues.
Tax Credit Bonds and Specified Tax Credit Bonds, by Issue Type, 2011 [Money amounts are in millions of dollars] Type of bond All issues Specified tax credit bonds [1] Number Amount Number Amount (1) (2) (3) (4) Total [3] 670 6,372 614 6,156 Qualified School 475 5,313 446 5,159 Construction Bonds Qualified Zone 111 620 88 562 Academy Bonds All other tax credit 84 439 80 435 bonds, combined [4] Type of bond Tax credit bonds [2] Number Amount (5) (6) Total [3] 56 216 Qualified School 29 154 Construction Bonds Qualified Zone 23 58 Academy Bonds All other tax credit 4 4 bonds, combined [4] [1] Includes bonds reported on Form 8038-TC that indicate the issuer elected to apply section 6431(f) to receive a refundable credit in lieu of tax credits under section 54(A).
20,21) Issuers of tax credit bonds are required to file Form 8038-TC, Information Return for Tax Credit Bonds and Specified Tax Credit Bonds.
For Calendar Year 2010, issuers of BABs and RZEDs were required to file Form 8038-B, Information Return for Build America Bonds and Recovery Zone Economic Development Bonds, and issuers of specified tax credit bonds were required to file Form 8038-TC, Information Return for Tax Credit Bonds and Specified Tax Credit Bonds.
For tax credit bonds issued after March 2010, issuers were required to file the new Form 8038-TC, Information Return for Tax Credit Bonds and Specified Tax Credit Bonds.