What is the Report Number on Form 8038-CP?
28 views | 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.

Was this helpful? Yes No

Couldn't find what you
are looking for?

Contact Us

(704) 839-2321 [email protected]