Form 8038-T - Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate

Form 8038-T - Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate

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Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate. Form 8038-T

Under section 148(f), interest on a state or local bond is not tax exempt unless the issuer of the bond rebates to the United States arbitrage profits earned from investing proceeds of the bond in higher yielding nonpurpose investments. Use this form to make arbitrage rebate and related payments.

From Fedforms.Gov:
"Issuers of tax-exempt bonds use Form 8038-T to pay to the U.S. yield reduction payments, the arbitrage rebate, or the penalty in lieu of the arbitrage rebate."

DOWNLOAD Form 8038-T

This form may be downloaded directly from the IRS website. To open or download, in PDF format, simply click on the link below:

Form 8038-T

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