Section 03 - Form 8038-TC

Section 03 alpha designators, title, location and field lengths are listed below:

Field

Title

Form 8038-TC

Field Lengths

0361A

Allocation Amount

Part VI, Line 1a

15

036BX

Allocation of National or State Bond (check boxes)

Part VI, Line 1b, 1c, 1d Check Box

1

0362

State Name

Part VI, Line 2

2

0371A

Reserve Fund Repay at Maturity Check Box

Part VII, Line 1a

1

0371B

Reserve Fund in Equal Periodic Installments Check Box

Part VII, Line 1b

1

0371C

Reserve Fund Expected to Result Greater than Repay

Part VII, Line 1c

1

0371D

Procedures to Monitor the Requirements of Section 148

Part VII, Line 1d

1

0372

Governing Conflicts of Interest Satisfied

Part VII, Line 2

1

0373

Entitlements to Credits

Part VII, Line 3

1

0374

Non Qualified Bonds Redeemed within 90 days

Part VII, Line 4

1

0375

Other

Part VII, Line 5

1

03SIG

Signature Code

Part VII, Right margin of the signature on Return

1

03PRE

Preparation Code

Part VII Right margin of the preparer PTIN line

1

03PSN

Preparer PTIN

Part VII, Signature block Preparer's PTIN

9

03PEN

Preparer EIN

Part VII, Signature block EIN

9

03PTN

Preparer Telephone #

Part VII Signature block Preparer Phone no. block

10

03CON

Consent Election Check Box

Part VIII, Line 1

1

Field 0361A is the Allocation Amount, located on Form 8038-TC in Part VI, line 1a and is 15 positions.

The field is dollars only.

The field is valid if it’s blank.

Correct any coding or transcription errors.

If

Then

an amount is present,

a certificate must be attached to the return.

the certificate isn't attached,

SSPND 211.

Rejects will:

If

Then

a reply is received,

Attach the certificate to the return.

no reply or incomplete reply is received,

Enter CCC "3" and continue processing the return.

Field 036BX is the Allocation of National or State Bond Check Box, located in Part VI, Line 1b, 1c, and 1d and is 1 position and is 1 position.

Correct any coding or transcription errors.

Refer to the table below for valid check box codes.

If

Then

check box 1b is checked,

enter Code "1" in Field 036BX.

check box 1c is checked,

enter Code "2" in Field 036BX.

check box 1d is checked,

enter Code "3" in Field 036BX.

more than one check box is checked,

enter Code "4" in Field 036BX.

no check box is checked,

leave Field 036BX blank.

Field 0362 is the State Name, located in Part VI, line 2 and is 2 positions.

If it’s not AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NE, NC, ND, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY, or blank.

Correct any coding or transcription errors.

Field 0371A is the Reserve Fund Repay at Maturity Check Box, located on Form 8038-TC in Part VII, line 1a and is 1 position.

The field is valid if the entry is a "1" or "blank" .

Correct any coding or transcription errors.

If

Then

the box is checked,

enter a "1" .

no box is checked,

leave it blank.

Field length - 1 position

Field 0371B is the Reserve Fund in Equal Periodic Installments Check Box, located on Form 8038-TC in Part VII, line 1b and is 1 position.

Correct any coding or transcription errors.

If

Then

the box is checked,

enter a "1" .

no box is checked,

leave it blank.

Field 0371C is the Reserve Fund Expected to Result Greater than Repay Check Box, located on Form 8038-TC in Part VII, line 1c and is 1 position

Correct any coding or transcription errors.

If

Then

the box is checked,

enter a "1" .

no box is checked,

leave it blank.

Field 0371D is the Procedures to Monitor the Requirements of Section 148 Check Box, located on Form 8038-TC in Part VII, line 1d and is 1 position.

Correct any coding or transcription errors.

If

Then

the box is checked,

enter a "1" .

no box is checked,

leave it blank.

Field 0372 is the Governing Conflicts of Interest Satisfied Check Box, located on Form 8038-TC in Part VII, line 2 and is 1 position.

Correct any coding or transcription errors.

If

Then

the box is checked,

enter a "1" .

no box is checked,

leave it blank.

Field 0373 is the Entitlements to Credit Check Box, located on Form 8038-TC in Part VII, line 3 and is 1 position.

Correct any coding or transcription errors.

If

Then

the box is checked,

enter a "1" .

no box is checked,

leave it blank.

Field 0374 is the Non Qualified Bonds Redeemed Within 90 Days Check Box, located on Form 8038-TC in Part VII, line 4 and is 1 position.

Correct any coding or transcription errors.

If

Then

the box is checked,

enter a "1" .

no box is checked,

leave it blank.

Field 0375 is the Other Check Box, located on Form 8038-TC in Part VII, line 5 and is 1 position.

Correct any coding or transcription errors.

If

Then

the box is checked,

enter a "1" .

no box is checked,

leave it blank.

Field 03SIG is the Signature Code, located in the right margin of the Signature line and is 1 position.

The entry is other than 1 (signature present) or 3 (signature not present) after correspondence and no reply

Correct any coding or transcription errors.

If

Then

a signature is present,

enter a "1" in the right margin next to the signature block.

a signature is missing,

SSPND 211.

Rejects will:

If

Then

a valid reply is received,

perfect the return by entering a "1" in Field 03SIG and enter the Correspondence Received Date, Field 01CRD.

no reply or an invalid reply is received,

enter CCC "3" in Field 03SIG and enter a "3" in Field 01CCC.

Field length - 1 position

Field 03PRE is the Preparation Code, located in the right margin of the preparer's SSN or PTIN box and is 1 position.

The entry is other than "1" or "blank" .

Edit a Preparation Code "1" in the right margin next to the "Preparer's SSN or PTIN" box if both of the following apply:

The return is signed by a preparer.

The paid preparer's section has information that’s different than the person signing the return.

Field 03PSN is the Preparer's SSN or PTIN, located in the Paid Preparer's signature portion on page 1, in the Preparer's SSN or PTIN box and is 9 positions.

The preparer's SSN must be a nine-digit number. A preparer's Tax Identification Number (PTIN) is a valid entry in the preparer's Social Security Number or PTIN area at the bottom of Form 8038-TC. The PTIN is nine digits beginning with the alpha "P" , followed by an eight-digit number (e.g., PXXXXXXXX).

The first position is other than numeric or a "P" .

The field is all zeros or all nines or the first position is P and the remaining positions are all zeros or all nines.

Other than the first position, it isn’t numerics.

Delete. Don’t attempt to correct the field.

Field 03PEN, is the Preparer's EIN, located in the Paid Preparer's signature portion in the Firm's EIN box and is 9 positions.

If present, the field may be any combination of numerics, except all zeros or all "nines" . The first character may be a "P" .

The first position is other than numeric.

The field is all zeros or all nines.

Delete. Do not attempt to correct the field.

Field 03PTN is the Preparer's Telephone Number, located in the Paid Preparer's signature portion, in the Firm's Phone no. box and is 10 positions.

If present, the field is numeric.

Correct any coding or transcription errors.

If

Then

more than 10 digits are present,

Continue processing, entering the first 10 digits only.

the paid preparer's phone number is incomplete, illegible, or fewer than 10 digits,

Review the return and all attachments.

If a complete paid preparer's phone number is located elsewhere on the return or attachments, edit to the "Phone No." line.

a complete paid preparer's phone number isn't located or the number is illegible,

Delete. Do not attempt to correct the field.

Field 03CON is the Consent Election Check Box, located on Form 8038-TC in Part VIII, line 1 and is 1 position.

Correct any coding or transcription errors.

If

Then

the "Yes" box is checked,

enter a "1" .

the "No" box is checked,

enter a "2" .

both boxes are checked,

enter a "2" .

neither box is checked,

enter a "2" .