How to fix the audit errors in my Form 8038-CP?
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Last modified 4/11/2024 6:38:30 AM EST |
Follow the explanations shared below for each error code that notifies you to fix while filing Form 8038-CP.
| Error Code | Error Message |
|
F8038CP-001 |
If Form 8038-CP Check if Amended Return checkbox is checked, then Part III Line 23 must be checked Yes. |
| F8038CP-002 | If the Form 8038-CP Check if Amended Return checkbox is checked, the Amended return changes statement must be completed. |
| F8038CP-006 | Form 8038-CP must not be filed 120 days prior to the Interest payment date (Part III Line 18) in the return. |
| F8038CP-007 | If Form 8038-CP Part III Line 19b has a value more than zero, then any of the Part III Lines 20c -20f must have a value |
| F8038CP-008 | If Form 8038-CP Part III Line 19b and 19c has a value more than zero, then Part III Line 20a or 20b must not have a value |
| F8038CP-018 | If Form 8038-CP Part III Line 23a Checkbox "Yes" is checked, then a Binary attachment named Debt Service Schedule must be provided in the return. |
| F8038CP-027 | Form 8038-CP Part I must be completed if the checkbox is not checked in Part I of the 8038-CP return. |
| F8038CP-193 | Form 8038-CP, Direct Deposit Line 26c (Account number) cannot be all zeros. |
| CUSTOM-01 | Form 8038-CP Part II Line 21a or 21b must be completed. |
| CUSTOM-02 | Form 8038-CP Part II Line 10 - Report Number must have a value. |
| CUSTOM-03 | Form 8038-CP Part II Line 12 - Date of issue must have a value |
| CUSTOM-04 | Form 8038-CP Part II Line 13 - Name of issue must have a value |
| CUSTOM-05 | Form 8038-CP Part II Line 14 - CUSIP number must have a value or must have 9 digits |
| CUSTOM-06 | Form 8038-CP Part II Line 17a - Type of bond must have a value |
| CUSTOM-07 | Form 8038-CP Part II Line 17b - Issue price must have value |
| CUSTOM-08 | Form 8038-CP Part II Line 17c - Code number for type of bonds must have a value |
| CUSTOM-09 | Form 8038-CP - <b>Signature and Consent details</b> must be completed. |
| CUSTOM-10 | Form 8038-CP <b>Direct Deposit</b> Line 26 must be completed |
| CUSTOM-11 | Form 8038-CP Part III Line 18 must be completed |
| CUSTOM-12 | Form 8038-CP Part III Line 21c statement must be completed if you have provided values in any of the Lines 21a or 21b |
| CUSTOM-13 | Report Number should not be same for more than one return. |
| CUSTOM-14 | Form 8038-CP Direct Deposit details - Routing Number must be started in 01 through 12 or 21 through 32 and must be 9 digit number. |
| CUSTOM-15 | Form 8038-CP Schedule A, If any of the columns has a value, then remaining columns must be completed. |
After resolving all the errors and cautions based on the error messages, you can continue to transmit the return to the IRS.