Information about tax-advantaged bonds, including tax-exempt, tax credit and direct pay bonds. Resources for issuers, borrowers and bond professionals.
Buy savings bonds at Treasury Direct.
Recent developments
Changes to guidance, law and procedures that affect tax-exempt bonds.
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Form 8038-CP, Availability of Electronic Filing; Mandatory Electronic Filing for Certain Filers in 2024. (March 27, 2023)
As part of ongoing efforts to improve service for the tax-advantaged bond community, the IRS accepts electronic filing of Form 8038-CP, Return for Credit Payments to Issuers of Qualified Bonds. For more information, review the March 27, 2023 newsletter.
Voluntary Closing Agreement Program (VCAP)
Resolve violations of federal tax laws applicable to tax-advantaged bonds
Forms and filing requirements
Forms and instructions for 8038 series and other forms for tax-advantaged bonds
Community newsletter
Tax-exempt bonds community e-news
Post issuance compliance
General information on post-issuance compliance responsibilities of issuers of tax-advantaged bonds
Related
Published guidance and resources
Announcements, notices, Internal Revenue Manual, revenue procedures, Treasury regulations, issue snapshots
Related
Internal Revenue Manual (IRM) materials
Tax credit and direct pay bonds
Information for issuers of tax credit & direct pay bonds.
Filing requirements - Form 8038-CP
Information to assist issuers in filing Form 8038-CP used to claim refundable credits payable to issuers of direct pay bonds
Reference materials
Tax Information for bond holders
Information on the tax treatment of investment income from bonds
Understanding the tax-exempt bonds examination process
General rules and procedures that are followed in examinations and how to correct certain compliance problems
Publications
These publications provide a general overview of federal tax law rules that apply to different types of tax advantaged bonds
Avoid troubled tax advantaged bonds PDF
IRS report identifying potential compliance problems faced by issuers during the transaction development, execution and post-issuance phases.