NABL: IRS TEB Announces Form 8038-CP Changes.

The Internal Revenue Service (IRS) Office of Tax-Exempt Bonds (TEB) has announced changes to how TEB processes Form 8038-CP requests for refundable credit payments, which applies to all forms received after May 16, 2016. Form 8038-CP is now interactive, and includes a “Verify and Print” feature, which will alert you of any missing fields and other errors. If any information is missing from the form, the IRS will mail a correspondence letter requesting the missing information and give 30 days for a response. Failure to respond to IRS correspondence results in the IRS not processing Form 8038-CP.

More information on the changes, including the interactive form, is available here.



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