December 22, 2021
Public Finance Update: IRS Announces Changes to Form 8038-CP Effective January 2022
IRS Updates Form 8038-CP
The Internal Revenue Service (“IRS”) has announced that it is updating Form 8038-CP, Return for Credit Payments to Issuers of Qualified Bonds. Form 8038-CP is used by issuers of qualified Build America Bonds, Recovery Zone Economic Development Bonds, Clean Renewable Energy Bonds, Qualified School Construction Bonds, and certain other specified tax credit bonds to request the refundable tax credit payment associated with such bonds.
