Code (Internal Revenue)
The Internal Revenue Code of 1986, as amended and in effect on the date of issuance of the bonds.
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(IRS) Form 8038
Form required to establish and maintain the federal income tax-exempt status of the Interest on Tax-Exempt Bonds. Depending upon the type of transaction, Issuers of Tax-Exempt Bonds are required to file one of the forms in the IRS Form 8038 series to report the issuance of Tax-Exempt Bonds to the IRS. In most cases, this will be either an IRS Form 8038-G for Governmental Bonds or Governmental Purpose Bonds or an IRS Form 8038 for qualified Private Activity Bonds.
Get it in Writing
Learn more about the various documents involved in a municipal securities transaction.
Dive Deeper on Tax Issues
Learn more about how various aspects of tax law intersect with municipal securities.
See Also
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Bond Counsel
An attorney or firm of attorneys, frequently retained by the Issuer but sometimes by another party to the transaction, to render an opinion in a bond financing as to the validity and enforceability of the bonds and the treatment of the interest on the bonds under the code and applicable state law.