Issuers of direct pay tax credit bonds should use the January 2022 version of Form 8038-CP for all future credit payment claims. Using a prior version of Form 8038-CP may cause processing delays.
Below are links to the revised form and instructions:
- Form 8038-CP, Return for Credit Payments to Issuers of Qualified Bonds
- Form 8038-CP Instructions
- Schedule A, Specific Tax Credit Bonds Interest Limit Computation
- Watch Revisions to Form 8038-CP video for a detailed discussion of the January 2022 revisions
Note: If you’ve already filed Form 8038-CP, do not file a second return for the same interest payment date.
Form 8038-CP is used to claim refundable tax credit payments payable to issuers of qualified Build America bonds, recovery zone economic development bonds, and specified tax credit bonds.