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A Comprehensive Solution to Manage TaxExemptBonds and 8038-CP Filings

We offer two services for efficiently managing tax-exempt bonds and e-filing 8038-CP returns.

Tax-Exempt Bond Management

  • Conveniently add and maintain tax-exempt bonds for multiple entities in one place.
  • Receive reminders for interest payment dates, and eliminate repetitive data entry with our system, which auto-generates 8038-CP for subsequent claims.

Form 8038-CP ‘Quick E-file’

  • If you need a simple solution for e-filing Form 8038-CP, choose the Quick E-file option to prepare, review, and transmit in minutes.
  • Receive instant updates on the IRS status of the 8038-CP forms via email and even text notifications.

How to File Form 8038-CP online

  • Provide details for all bonds issued by the reporting authority, including the CUSIP number, interest payment frequency, and any other relevant information.

  • After entering the necessary bond information, proceed to fill out Form 8038-CP with the required details.

  • Review the Form 8038-CP summary, make any necessary edits, and transmit the form to the IRS.

Enter the Bond Information
Complete Form 8038-CP
Review and Transmit Form 8038-CP

Ready to E-file Form 8038-CP?

E-File Now

Our Exclusive Features for Effortless Form 8038-CP E-Filing

Free 8038-CP Schedule A

Schedule A is included with Form 8038-CP at no additional cost if required.

Sandbox Environment

High-volume filers can simulate the e-filing process in a secure environment to test the functionality.

E-Signing Options

The relevant authorities of the firm can efficiently verify and e-sign forms.

Reports

Generate reports to gain insight into your staff activities and clients’ filings.

Internal Audit Check

The IRS Business Rules are used to catch common filing errors and ensure forms are complete.

Dedicated Customer Support

Specialized customer support is available via phone, email, and live chat.

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Ready to start your 8038-CP E-filing?

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Staff Management

Streamline administrative tasks and employee assignments.

  • Invite your team members and let them handle 8038-CP filings on
    your behalf.
  • Delegate your team members with specific roles such as Preparer
    (or) Transmitter.
  • Assign different organizations to each of your team members and let them manage the associated filings.
Staff Management
Client Management

Client Management

Track and manage your clients and their needs efficiently.

  • Enable your clients to conveniently review and approve their 8038-CP returns securely.
  • Easily obtain the e-signature of your clients on Form 8453-TE or Form 8879-TE, ensuring IRS compliance.

Frequently Asked Questions About Form 8038-CP Filing

Who is eligible to file Form 8038-CP?

The issuers of any of the following bonds can file Form 8038-CP:

  • Build America Bonds (BAB) (Direct Pay)
  • Recovery Zone Economic Development Bonds (RZEDB)
  • New Clean Renewable Energy Bonds (NCREB)
  • Qualified Energy Conservation Bonds (QECB)
  • Qualified Zone Academy Bonds (QZAB)
  • Qualified School Construction Bonds (QSCB)

When should I attach Schedule A to Form 8038-CP?

Form 8038-CP Schedule A is required to claim credit payments under section 6431(f) for the following bonds:

  • New Clean Renewable Energy Bonds (NCREB)
  • Qualified Energy Conservation Bonds (QECB)
  • Qualified Zone Academy Bonds (QZAB)
  • Qualified School Construction Bonds (QSCB)

When is the deadline to file Form 8038-CP?

The deadline to file Form 8038-CP varies based on the interest type of the bond issued.

  • For Fixed Rate Bonds, Form 8038-CP must be filed 45 to 90 days before the interest payment date.
  • For Variable Rate Bonds, the due date depends on whether the filer knows the interest payment amount in advance.
  • If the issuer knows the interest payment amount, Form 8038-CP must be filed between 45 and 90 days before the date when the relevant interest was paid.
  • If the issuer doesn’t know the interest payment amount, Form 8038-CP must be filed within 45 days of the last interest payment date of the quarter, and the reimbursement must be claimed in arrears.

Use our due date finder to file Form 8038-CP and claim credit payment on time.

Will the issuer receive the credit payment if the 8038-CP is filed past the deadline?

Yes! The 8038-CP returns that are filed after the deadline will be processed, and the credit payment will be issued without any penalties. However, late filing will result in a corresponding delay in the issuance of the credit payment.

Can Form 8038-CP be signed by a trustee?

No, Form 8038-CP, being an issuer's return, requires a signature only from an authorized officer of the issuing entity.

How to get timely credit payments?

The following tips will help you ensure timely credit payments:

  • Submit Form 8038-CP to the IRS 45 to 90 days before the return due date for fixed-rate bonds.
  • Opt for Electronic Filing for faster processing.
  • Ensure you're using the latest Form 8038-CP (January 2022).
  • Individuals listed on lines 5 and 15 should be familiar with the return details and ready to address IRS inquiries.
  • Opt for Direct Deposit per line 26 of Form 8038-CP.
  • Provide a Valid Report Number on line 10.
  • Don't attach revised debt service schedules if you selected "Yes" on line 23, and refrain from attaching Schedule A for certain bond types (NCREBs, QECBs, QZABs, QSCBs).

Can I paper file Form 8038-CP?

The IRS mandates e-filing of Form 8038-CP if the filer is required to submit 10 or more forms in a calendar year. If you are eligible to paper file, complete the form and mail it to the address below.

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Department of the Treasury,
Internal Revenue Service Center,
Ogden, UT 84201-0050.