The IRS recently released a new Form 8038-G, which is the information return for issues of tax-exempt governmental bonds, and a new Form 8038, which is the information return for tax-exempt private activity bonds. In addition, the IRS has released draft instructions for each form. The revised forms are in part a response to changes made to the Internal Revenue Code by the Tax Cuts and Jobs Act (P.L. 115-97), which was signed into law on December 22, 2017 (“TCJA”). Keep reading for more information on the new forms, the fate of some old forms, and some gratuitous commentary.
The Public Finance Tax Blog
By Cynthia Mog on September 13, 2018
Squire Patton Boggs