Credit Payments to Issuers of Qualified Bonds Form 8038-CP (MFT 46)

This information is for the Issuers of Qualified Bonds related to Form 8038-CP, Return for Credit Payments to Issuers of Qualified Bonds, (MFT 46). The tax class is 3 and the document code is 61.

For a fixed rate bond, the due date is the 45th day before the applicable interest payment date with respect to the bonds.

For variable rate bonds, when the issuer doesn’t know the interest payment amount 45 days prior to the interest payment date, the issuer must aggregate all credit payments on a quarterly basis and file Form 8038-CP for reimbursement in arrears no later than 45 days after the last interest payment date within the quarterly period for which reimbursement is being requested.

For variable rate bonds when the issuer knows the interest payment amount 45 days prior to the interest payment date, Form 8038-CP may be filed within the same timelines as fixed rate bonds (45 days before the relevant interest payment date but no earlier than 90 days before the relevant interest payment date).

Research payments and account actions for these cases. See Form 8038-CP, Return for Credit Payments to Issuers of Qualified Bonds, instructions for more information.