Section 04 - Form 8038

Section 04 alpha designators, title, location and field lengths are listed below:

Field

Title

Form 8038

Field Lengths

0437

Government Unit Approving Name

Part VII, Line 37

35

0438

Designated Issue under Section 265 Box

Part VII, Line 38

1

0439

Penalty Payment Election Indicator

Part VII, Line 39

1

0440

Hedge Identifier Box

Part VII, Line 40a

1

0441

Hedge Super-Integrated Indicator Box

Part VII, Line 41

1

0442A

Gross Proceeds Invested (GIC) Amount

Part VII, Line 42a

15

0442B

Final Maturity Date of GIC

Part VII, Line 42b

8

0443

Issuer Established Procedures Nonqualified Box

Part VII, Line 43

1

0444

Issuer Established Procedures to Monitor Section 148 Box

Part VII, Line 44

1

0445A

Portion of Proceeds to Reimburse Issuer

Part VII, Line 45a

15

0445B

Date Official Intent was adopted

Part VII, Line 45b

8

0446B

Bond Issue Redevelopment Exempt Box

Part VIII, Line 46, Box

1

0446N

Primary Private User Name

Part VIII, Line 46, Name

35

0446E

Primary Private User EIN

Part VIII, Line 46, EIN

9

0447

Volume Cap State Issuer Amount

Part VIII, Line 47

15

0448

Volume Cap Unified State Amount

Part VIII, Line 48

15

0449

Volume Cap Not Limited Unified State Amount

Part VIII, Line 49

15

0449A

Volume Cap WFADW-HRBC Amount

Part VIII, Line 49a

15

0449B

Volume Cap Carryforward Elect Amount

Part VIII, Line 49b

15

0449C

Volume Cap Transitional Rule Amount

Part VIII, Line 49c

15

0449D

Volume Cap Exception Current Refunding Amount

Part VIII, Line 49d

15

0450A

Volume Cap Qualified Veterans Mortgage Bond Amount

Part VIII, Line 50a

15

0450B

Volume Cap Limit on Veterans' Mortgage Bond Amount

Part VIII, Line 50b

15

0451A

Volume Cap Issue Section 1394F Amount

Part VIII, Line 51a

15

0451B

Empowerment Zone Name

Part VIII, Line 51b

35

0452

Volume Cap Issue Section 142K5 Amount

Part VIII, Line 52

15

04SIG

Signature Code

Signature on return

1

04PRE

Preparation Code

Right margin of the Preparer PTIN line

1

04PSN

Preparer PTIN

Signature block

9

04PEN

Preparer EIN

Signature block

9

04PTN

Preparer Telephone #

Signature block

10

Field 0437 is the Government Unit Approving Name, located on Form 8038 in Part VII, Line 37 and is 35 positions.

The field is valid if blank.

The first position isn't alpha or numeric.

Any characters isn’t alpha, numeric, ampersand or hyphen.

There are two consecutive blanks, followed by valid characters.

Correct any coding or transcription errors.

If the Government Unit Approving Name exceeds 35 characters, enter only the first 35 characters.

Field 0438 is the Designated Issue Under Section 265 Check Box, located on Form 8038 in Part VII, Line 38 and is 1 position.

The field is numeric.

It is not numeric.

Is other than "1" or "blank" .

Correct any coding or transcription errors.

Enter a 1 if the box is checked.

If the box isn’t checked, delete the entry in Field 0438.

Field 0439 is the Penalty Payment Election Indicator, located on Form 8038 in Part VII, Line 39 and is 1 position.

It is not numeric.

Is other than "1" or "blank" .

Correct any coding or transcription errors.

Enter a 1 if the box is checked.

If the box isn't checked, delete the entry in Field 0439.

Field 0440A is the Hedge Identifier Check Box, located on Form 8038 in Part VII, line 40a and is 1 position.

It is not numeric.

Is other than "1" or "blank" .

Correct any coding or transcription errors.

Enter a 1 if the box is checked.

If the box isn’t checked, delete the entry in Field 0440A.

Field 0441 is the Hedge Super-Integrated Indicator Check Box, located on Form 8038 in Part VII, line 41 and is 1 position.

It is not numeric.

Is other than "1" or "blank" .

Correct any coding or transcription errors.

Enter a 1 if the box is checked.

Field 0442A is the Gross Proceeds Invested (GIC) Amount, located on Form 8038 in Part VII, line 42a and is 15 positions.

The field is dollars only.

The field is valid if blank.

Correct any coding or transcription errors.

Field 0442B is the Final Maturity Date of GIC, is in YYYYMMDD format, located on Form 8038 in Part VII, line 42b and is 8 positions.

The field can be blank.

Correct any coding or transcription errors.

Field 0443 is the Issuer Established Procedures Non-Qualified Check Box, located on Form 8038 in Part VII, line 43 and is 1 position.

It is not numeric.

Is other than "1" or "blank" .

Correct any coding or transcription errors.

If

Then

the box is checked,

enter a "1" .

box isn't checked,

leave blank.

Field length - 1 position.

Field 04 is the Issuer Established Procedures to Monitor Section 148 Check Box, located on Form 8038 in Part VII, line 44 and is 1 position.

It is not numeric.

Is other than "1" or "blank" .

Correct any coding or transcription errors.

If

Then

the box is checked,

enter a "1" .

box isn't checked,

leave blank.

Field 04 is the Portion of Proceeds to Reimburse Issuer, located on Form 8038 in Part VII, line 45a and is 15 positions.

The field is dollars only.

The field is valid if blank.

Correct any coding or transcription errors.

Field 04 is the Date Official Intent was Adopted, is in YYYYMMDD format, located on Form 8038 in Part VII, line 45b and is 8 positions.

The field is valid if blank.

Correct any coding or transcription errors.

Field length - 1 position

Field 04 is the Bond Issue Redevelopment Exempt Check Box, located on Form 8038 in Part VII, line 46 and is 1 position.

It is not numeric.

Is other than "1" or "blank" .

Correct any coding or transcription errors.

If

Then

the box is checked,

enter a "1" .

the box isn't checked,

leave it blank.

Field 0446N is the Primary Private User Name, located on Form 8038 in Part VII, line 46 (name) and is 35 positions.

The field is valid if it’s blank.

The first position isn't alpha or numeric.

Any characters isn’t alpha, numeric, ampersand or hyphen.

There are two consecutive blanks, followed by valid characters.

Correct any coding or transcription errors.

If the Primary Private User Name exceeds 35 characters, enter only the first 35 characters.

Field 0446E is the Primary Private User EIN, located in Part VII, line 46 (EIN) and is 9 positions.

The field is valid if it’s blank.

Correct any coding or transcription errors.

Field 0447 is the Volume Cap State Issuer Amount, located on Form 8038 in Part VIII, line 47 and is 15 positions.

The field is dollars only.

The field is valid if it’s blank.

Correct any coding or transcription errors.

If an entry is present in Field 0447, a state certification must be attached to the return.

If

Then

a state certification isn't attached,

SSPND 211.

Rejects will:

If

Then

a valid reply is received,

attach the certification to the return.

no reply or an invalid reply is received,

enter CCC "3" and continue processing the return.

Field 0448 is the Volume Cap Unified State Amount, located on Form 8038 in Part VIII, line 48 and is 15 positions.

The field is dollars only.

The field is valid if it’s blank.

Correct any coding or transcription errors.

Field 0449 is the Volume Cap Not Limited Unified State Amount, located on Form 8038 in Part VIII, line 49 and is 15 positions.

The field is dollars only.

The field is valid if it’s blank.

Correct any coding or transcription errors.

Field 0449A is the Volume Cap WFADW-HRBC Amount, located on Form 8038 in Part VIII, line 49a and is 15 positions.

The field is dollars only.

The field is valid if it’s blank.

Correct any coding or transcription errors.

Field 0449B is the Volume Cap Carryforward Elect Amount, located on Form 8038 in Part VIII, line 49b and is 15 positions.

The field is dollars only.

The field is valid if it’s blank.

Correct any coding or transcription errors.

If an amount is present on line 49b (field 0449B), a copy of Form 8328 must be attached to the return.

If

Then

a copy of Form 8328 isn't attached,

SSPND 211.

Rejects will:

If

Then

a valid reply is received,

Attach the copy of Form 8328 to the return.

Continue processing.

an incomplete reply or a no reply is received,

Enter CCC "3" and continue processing the return.

Field 0449C is the Volume Cap Transitional Rule Amount, located on Form 8038 in Part VIII, Line 49c and is 15 positions.

The field is dollars only.

The s field is valid if it’s blank.

Correct any coding or transcription errors.

Field 0449D is the Volume Cap Exception Current Refunding Amount, located on Form 8038 in Part VIII, line 49d and is 15 positions.

The field is dollars only.

The field is valid if it’s blank.

Correct any coding or transcription errors.

Field 0450A is the Volume Cap Qualified Veterans Mortgage Bond Amount, located on Form 8038 in Part VIII, line 50a is 15 positions.

The field is dollars only.

The field is valid if it’s blank.

Correct any coding or transcription errors.

Field 0450B is the Volume Cap Limit on Veterans' Mortgage Bond Amount, located on Form 8038 in Part VIII, line 50b and is 15 positions.

The field is dollars only.

The field is valid if it’s blank.

Correct any coding or transcription errors.

Field 0451A is the Volume Cap Issue Section 1394F Amount, located on Form 8038 in Part VIII, line 51a and is 15 positions.

The field is dollars only.

The field is valid if it’s blank.

Correct any coding or transcription errors.

If an entry is present in Field 051A, a local government certification must be attached to the return.

If

Then

a local government certification isn't attached,

SSPND 211.

Rejects will:

If

Then

a valid reply is received,

Attach the certification to the return.

an incomplete reply or no reply is received,

Enter CCC "3" and continue processing the return.

Field 0451B is the Empowerment Zone Name, located on Form 8038 in Part VIII, line 51b and is 35 positions.

This field is valid if blank.

The first position isn't alpha or numeric.

Any characters isn’t alpha, numeric, ampersand or hyphen.

There are two consecutive blanks, followed by valid characters.

Correct any coding or transcription errors.

If the Empowerment Zone Name exceeds 35 characters, enter only the first 35 characters.

Field 0452 is the Volume Cap Issue Section 142K5 Amount, located on Form 8038 in Part VIII, line 52 and is 15 positions.

The field is dollars only.

The field is valid if it’s blank.

Correct any coding or transcription errors.

If an entry is present in Field 0452, a state certification must be attached to the return.

If

Then

a state certification isn't attached,

SSPND 211.

Rejects will:

If

Then

a valid reply is received,

Attach the certification to the return.

an incomplete reply or no reply is received,

Enter CCC "3" and continue processing the return.

04SIG is the Signature Code, located in the right margin of the signature line and is 1 position.

It’s not numeric.

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.

only a signature is missing,

SSPND 225.

Rejects will:

If

Then

a valid reply is received,

perfect the return by entering a "1" in Field 04SIG and enter the Correspondence Received Date, Field 01CRD.

no reply or an incomplete reply is received,

enter CCC "3" in Field 04SIG and enter a "3" in Field 01CCC.

Field 04PRE is the Preparation Code, located in the right margin of the Preparer's PTIN line and is 1 position.

It’s not numeric.

The entry is other than 1 or blank.

Enter a "1" in the right margin next to the Preparer's 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 04PSN is the Preparer's PTIN, located in the paid Preparer's signature block, in the Preparer's 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-G. 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 isn't numerics.

Delete. Don’t attempt to correct the field.

Field 04PEN, is the Preparer's EIN, located in the Paid Preparer's signature portion in the Firm's EIN box and is 9 positions.

The first position is other than numeric or P.

The field is all zeros or all nines.

Delete. Don’t attempt to correct the field.

Field 04PTN 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.

Correct any coding or transcription errors.

If

Then

more than 10 digits are present,

Enter the first 10 digits only and continue processing.

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 number line.

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

Delete. Don’t correct the field.