What is the Report Number on Form 8038-CP?
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Last modified 4/3/2024 9:32:53 AM EST |
- The report number is a unique identifier that the issuers must assign permanently to bonds eligible for credit payments (when filing their first 8038-CP for the bond).
- This report number must be consistently used when filing to claim credit for the bond.
- As per the IRS rule, this report number should be in the range 401–450.
- Also, a separate should be assigned for each type of bond issue.
- Furthermore, the report number may not be used for any other Direct Pay bonds, even if the bonds are redeemed (or) are no longer outstanding.
Note: Until January 2020, the report numbers were assigned by the IRS. Only after that, the filers were required to choose the report number on their own.