bond-basics

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.

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Term of the Week

Pre-Closing

A meeting of all the parties prior to the closing, often held the day before the closing.