Electronic Filing of Form 8038-CP Now Accessible

In a bid to enhance service delivery for the tax-advantaged bond community, the IRS has introduced the electronic filing of Form 8038-CP. This form is instrumental in claiming credit payments related to interest on various bonds. These include build America bonds, recovery zone economic development bonds, new clean renewable energy bonds, qualified energy conservation bonds, qualified zone academy bonds, and qualified school construction bonds.

Benefits of Electronic Filing

The electronic filing system ensures that the current versions of Form 8038-CP and the accompanying Schedule A are used. This method of filing can significantly reduce errors. For guidance on how to expedite payments and avoid common mistakes, refer to the Instructions for Form 8038-CP and Schedule A (Form 8038-CP) under General Information.

Mandatory Electronic Filing in 2024

According to Treasury Regulations published on February 23, 2023 (26 CFR Section 301.6011-11), electronic filing of Forms 8038-CP will be mandatory for certain filers after December 31, 2023.

How to File Electronically

The electronic filing of Form 8038-CP should be done through an authorized e-file provider. The IRS maintains a list of authorized Form 8038-CP e-file providers on the following page: Tax Year 2023 Other Tax Exempt Entities Modernized e-File (MeF) Providers – Form 8038-CP.

Additional Information and Support

For more information about electronically filing Form 8038-CP, as well as updates and FAQs, visit: Recent Updates to Form 8038-CP and Processing Changes, Form 8038-CP FAQs, Form 8038 Corner.

The tax-exempt bond community can find answers to many questions at IRS.gov/bonds. If you’re unable to find answers to account-specific questions, call Customer Account Services at 877-829-5500.