Section 26. Tax Exempt Bond Error Resolution Procedures›3.12.26 Tax Exempt Bond Error Resolution Procedures
Section 04 - Form 8038-TC
Internal Revenue Manual Part 3. Submission Processing · 2026-10-03 edition · updated 2026-10-04 · United States
Section 04 alpha designators, title, location and field lengths are listed below:
Field
Title
Form 8038-TC
Field Lengths
04TCB
Tax Credit Bond Code
Tax Credit Bond Code, TOP Right Portion of Schedule
3
041X
Line 1, Check Box
Schedule, Part I, Line 1, Check Box
1
042X
Line 2, Check Box
Schedule, Part I, Line 2, Check Box
1
043X
Line 3, Check Box
Schedule, Part I, Line 3, Check Box
1
044X
Line 4, Check Box
Schedule, Part I, Line 4, Check Box
1
045X
Line 5, Check Box
Schedule, Part I, Line 5, Check Box
1
046X
Line 6, Check Box
Schedule, Part I, Line 6, Check Box
1
047X
Line 7, Check Box
Schedule, Part I, Line 7, Check Box
1
048X
Line 8, Check Box
Schedule, Part I, Line 8, Check Box
1
049X
Line 9, Check Box
Schedule, Part I, Line 9, Check Box
1
0410X
Line 10 Check Box
Schedule, Part I, Line 10, Check Box
1
041AM
Line 1, Amount
Schedule, Part II, Line 1, Amount
15
042AM
Line 2, Amount
Schedule, Part II, Line 2, Amount
15
043AM
Line 3, Amount
Schedule, Part II, Line 3, Amount
15
044AM
Line 4, Amount
Schedule, Part II, Line 4, Amount
15
045AM
Line 5, Amount
Schedule, Part II, Line 5, Amount
15
046AM
Line 6, Amount
Schedule, Part II, Line 6, Amount
15
047AM
Line 7, Amount
Schedule, Part II, Line 7, Amount
15
048AM
Line 8, Amount
Schedule, Part II, Line 8, Amount
15
049AM
Line 9, Amount
Schedule, Part II, Line 9, Amount
15
0410M
Line 10, Amount
Schedule, Part II, Line 10, Amount
15
Field 04TCB - Tax Credit Bond Code¶
Field 04TCB is the Tax Credit Bond Code, is preprinted, located on the Form 8038-TC Schedule, in the top right portion and is 3 positions.
Each Form 8038-TC must have a schedule attached if Tax Credit Bond Codes (TCB) are 102, 103, 104 or 105.
A Form 8038-TC Schedule isn't required for TCB codes are 101, 106, 107 or 108.
If the Schedule isn't attached to the return, SSPND 211.
Field 04TCB - Invalid Conditions¶
Field 04TCB - Correction Procedures¶
Correct any coding or transcription errors.
Enter the preprinted code from the top right portion of the Schedule in Field 04TCB.
If
Then
the TCB code in Field 02TYP and Field 04TCB don’t match,
enter the code from the top right portion of Schedule A, B, C or D in Field 02TYP and Field 04TCB.
TCB code 102, 103, 104 or 105 is present in Field 02TYP, and a Schedule A, B, C or D isn't attached to the return,
SSPND 211.
TCB code 101, 106, 107 or 108 is present in Field 02TYP, and a Schedule A, B, C or D is attached,
enter the corresponding TCB code from the top right portion of Schedule A, B, C or D in Field 02TYP and Field 04TCB.
Rejects will:
After reply is received, attach the schedule to the return and enter the TCB code on the top right corner in Field 02TYP (Part II, line 1).
If no reply is received, prepare a dummy schedule and enter the name and EIN from the entity section of Part I.
Determine the correct schedule to use by the description listed in Part II, line 2 as follows.
If
Then
the description on Part II, line 2 is "Qualified Forestry Conservation Bonds" ,
enter TCB code 101 in Field 04TCB (top right corner of the schedule).
the description on Part II, line 2 is "New Clean Renewal Energy Bonds" ,
enter TCB code 102 in Field 04TCB (top right corner of the schedule).
the description on Part II, line 2 is "Qualified Energy Conservation Bonds" ,
enter TCB code 103 in Field 04TCB (top right corner of the schedule).
the description on Part II, line 2 is "Qualified Zone Academy Bonds" ,
enter TCB code 104 in Field 04TCB (top right corner of the schedule).
the description on Part II, line 2 is "Qualified School Construction Bonds" ,
enter TCB code 105 in Field 04TCB (top right corner of the schedule).
the description on Part II, line 2 is "Clean Renewal Energy Bonds" ,
enter TCB code 106 in Field 04TCB (top right corner of the schedule).
the description on Part II, line 2 is "Midwestern Tax Credit Bonds" ,
enter TCB code 107 in Field 04TCB (top right corner of the schedule).
the description on Part II, line 2 is "Other" ,
enter TCB code 108 in Field 04TCB (top right corner of the schedule).
Field 041X - Line 1 Check Box¶
Field 041X is the Line 1 Check Box, located on Form 8038-TC, Schedule in Part I, line 1 and is 1 position.
Field 041X - Invalid Conditions¶
Field 041X - Correction Procedures¶
Correct any coding or transcription errors.
If
Then
the "Yes" box is checked,
enter a "1" .
the "No" box is checked,
enter a "2" .
neither box is checked,
leave it blank.
Field 042X - Line 2 Check Box¶
Field 042X is the Line 2 Check Box, located on Form 8038-TC, Schedule in Part I, line 2 and is 1 position.
Field 042X - Invalid Conditions¶
Field 042X - Correction Procedures¶
Correct any coding or transcription errors.
If
Then
the "Yes" box is checked,
enter a "1" .
the "No" box is checked,
enter a "2" .
neither box is checked,
leave it blank.
Field 043X - Line 3 Check Box¶
Field 043X is the Line 3 Check Box, located on Form 8038-TC, Schedule in Part I, line 3 and is 1 position.
Field 043X - Invalid Conditions¶
Field 043X - Correction Procedures¶
Correct any coding or transcription errors.
If
Then
the "Yes" box is checked,
enter a "1" .
the "No" box is checked,
enter a "2" .
neither box is checked,
leave it blank.
Field 044X - Line 4 Check Box¶
Field 044X is the Line 4 Check Box, located on Form 8038-TC, Schedule in Part I, line 4 and is 1 position.
Field 044X - Invalid Conditions¶
Field 044X - Correction Procedures¶
Correct any coding or transcription errors.
If
Then
the "Yes" box is checked,
enter a "1" .
the "No" box is checked,
enter a "2" .
neither box is checked,
leave it blank.
Field 045X - Line 5 Check Box¶
Field 045X is the Line 5 Check Box, located on Form 8038-TC, Schedule in Part I, line 5 and is 1 position.
Field 045X - Invalid Conditions¶
Field 045X - Correction Procedures¶
Correct any coding or transcription errors.
If
Then
the "Yes" box is checked,
enter a "1" .
the "No" box is checked,
enter a "2" .
neither box is checked,
leave it blank.
Field 046X - Line 6 Check Box¶
Field 046X is the Line 6 Check Box, located on Form 8038-TC, Schedule in Part I, line 6 and is 1 position.
Field 046X - Invalid Conditions¶
Field 046X - Correction Procedures¶
Correct any coding or transcription errors.
If
Then
the "Yes" box is checked,
enter a "1" .
the "No" box is checked,
enter a "2" .
neither box is checked,
leave it blank.
Field 047X - Line 7 Check Box¶
Field 047X is the Line 7 Check Box, located on Form 8038-TC, Schedule in Part I, line 7 and 1 position.
Field 0417X - Invalid Conditions¶
Field 0417X - Correction Procedures¶
Correct any coding or transcription errors.
If
Then
the "Yes" box is checked,
enter a "1" .
the "No" box is checked,
enter a "2" .
neither box is checked,
leave it blank.
Field 048X - Line 8 Check Box¶
Field 048X is the Line 8 Check Box, located on Form 8038-TC, Schedule in Part I, line 8 and is 1 position.
Field 048X - Invalid Conditions¶
Field 048X - Correction Procedures¶
Correct any coding or transcription errors.
If
Then
the "Yes" box is checked,
enter a "1" .
the "No" box is checked,
enter a "2" .
neither box is checked,
leave it blank.
Field 049X - Line 9 Check Box¶
Field 049X is the Line 9 Check Box, located on Form 8038-TC, Schedule in Part I, line 9 and is 1 position.
Field 049X - Invalid Conditions¶
Field 049X - Correction Procedures¶
Correct any coding or transcription errors.
If
Then
the "Yes" box is checked,
enter a "1" .
the "No" box is checked,
enter a "2" .
neither box is checked,
leave it blank.
Field 0410X - Line 10 Check Box¶
Field 0410X is the Line 10 Check Box, located on Form 8038-TC, Schedule in Part I, line 10 is 1 position.
Field 0410X - Invalid Conditions¶
Field 0410X - Correction Procedures¶
Correct any coding or transcription errors.
If
Then
the "Yes" box is checked,
enter a "1" .
the "No" box is checked,
enter a "2" .
neither box is checked,
leave it blank.
Field 041AM - Line 1 Amount¶
Field 041AM is the Line 1 Amount, located on Form 8038-TC, Schedule, in Part II, line 1 and is 15 positions.
The field is dollars only.
The field is valid if it’s blank.
Field 041AM - Invalid Conditions¶
Field 041AM - Correction Procedures¶
Correct any coding or transcription errors.
Field 042AM - Line 2 Amount¶
Field 042AM is the Line 2 Amount, located on Form 8038-TC, Schedule, in Part II, line and is 15 positions.
The field is dollars only.
The field is valid if it’s blank.
Field 042AM - Invalid Conditions¶
Field 042AM - Correction Procedures¶
Correct any coding or transcription errors.
Field 043AM - Line 3 Amount¶
Field 043AM is the Line 3 Amount, located on Form 8038-TC, Schedule, in Part II, line 3 and is 15 positions.
The field is dollars only.
The field is valid if it’s blank.
Field 043AM - Invalid Conditions¶
Field 043AM - Correction Procedures¶
Correct any coding or transcription errors.
Field 044AM - Line 4 Amount¶
Field 044AM is the Line 4 Amount, located on Form 8038-TC, Schedule, in Part II, line 4 and is 15 positions.
The field is dollars only.
The field is valid if it’s blank.
Field 044AM - Invalid Conditions¶
Field 044AM - Correction Procedures¶
Correct any coding or transcription errors.
Field 045AM - Line 5 Amount¶
Field 045AM is the Line 5 Amount, located on Form 8038-TC, Schedule, in Part II, line 5 and is 15 positions.
The field is dollars only.
The field is valid if it’s blank.
Field 045AM - Invalid Conditions¶
Field 045AM - Correction Procedures¶
Correct any coding or transcription errors.
Field 046AM - Line 6 Amount¶
Field 046AM is the Line 6 Amount, located on Form 8038-TC, Schedule, in Part II, line 6 and is 15 positions.
The field is dollars only.
The field is valid if it’s blank.
Field 046AM - Invalid Conditions¶
Field 046AM - Correction Procedures¶
Correct any coding or transcription errors.
Field 047AM - Line 7 Amount¶
Field 047AM is the Line 7 Amount, located on Form 8038-TC, Schedule, in Part II, line 7 and is 15 positions.
The field is dollars only.
The field is valid if it’s blank.
Field 047AM - Invalid Conditions¶
Field 047AM - Correction Procedures¶
Correct any coding or transcription errors.
Field 048AM - Line 8 Amount¶
Field 048AM is the Line 8 Amount, located on Form 8038-TC, Schedule, in Part II, line 8 and is 15 positions.
The field is dollars only.
The field is valid if it’s blank.
Field 048AM - Invalid Conditions¶
Field 048AM - Correction Procedures¶
Correct any coding or transcription errors.
Field 049AM - Line 9 Amount¶
Field 049AM is the Line 9 Amount, located on Form 8038-TC, Schedule, in Part II, line 9 and is 15 positions.
The field is dollars only.
The field is valid if it’s blank.
Field 049AM - Invalid Conditions¶
Field 049AM - Correction Procedures¶
Correct any coding or transcription errors.
Field 0410M - Line 10 Amount¶
Field 0410M is the Line 10 Amount, located on Form 8038-TC, Schedule, in Part II, line 10 and is 15 positions.
The field is dollars only.
The field is valid if it’s blank.
Field 0410M - Invalid Conditions¶
Field 0410M - Correction Procedures¶
Correct any coding or transcriptions errors.
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