Form 8038-B - Information Return for Build America Bonds and Recovery Zone Economic Development Bonds

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Instructions for Form 8038-B

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Instructions for Form 8038-B

Department of the Treasury
Internal Revenue Service

(Rev. January 2010)
Information Return for Build America Bonds and Recovery Zone Economic
Development Bonds

The American Recovery and
Reinvestment Act of 2009 created three
types of build America bonds. Section
54AA added both Tax Credit and Direct
Pay build America bonds. Section
1400U-2 added recovery zone economic
development bonds, a form of Direct Pay
build America bonds. Notice 2009-26
required that, subject to updated IRS
information reporting forms or
procedures, all three types of build
America bonds issued were to be
reported on Form 8038-G, Information
Return for Tax-Exempt Governmental
Obligations.

request payment with respect to an
interest payment date for that issue.
Failure to complete the form including
the attached schedules may result in a
delay in processing this form. All attached
schedules must include the issuer’s name
and EIN at the top.
Late filing. An issuer may be granted an
extension of time to file Form 8038-B
under Rev. Proc. 2002-48, 2002-37 I.R.B.
531. Type or print at the top of the form,
“Request for Relief under Section 3 of
Rev. Proc. 2002-48.” See Rev. Proc.
2002-48 for complete information on
requirements for an extension of time to
file Form 8038-B.
Note. If Form 8038-B is filed late, it still
must be filed 30 days prior to the
submission of the first Form 8038-CP for
that issue.

Purpose of Form

Where To File

Beginning February 2010, Form 8038-B is
to be used by issuers of build America
bonds (Tax Credit), build America bonds
(Direct Pay), and recovery zone economic
development bonds to provide the IRS
with the information required by section
149(e).

File Form 8038-B and any attachments
with the Department of the Treasury,
Internal Revenue Service Center, Ogden,
UT 84201-0020.
Private delivery services. You can use
certain private delivery services
designated by the IRS to meet the “timely
mailing as timely filing/paying” rule for tax
returns and payments. These private
delivery services include only the
following:
• DHL Express (DHL): DHL Same Day
Service.
• Federal Express (FedEx): FedEx
Priority Overnight, FedEx Standard
Overnight, FedEx 2Day, FedEx
International Priority, and FedEx
International First.
• United Parcel Service (UPS): UPS Next
Day Air, UPS Next Day Air Saver, UPS
2nd Day Air, UPS 2nd Day Air A.M., UPS
Worldwide Express Plus, and UPS
Worldwide Express.
The private delivery service can tell
you how to get written proof of the mailing
date.

Section references are to the Internal
Revenue Code unless otherwise noted.

General Instructions
What’s New

Who Must File
Governmental issuers of build America
bonds and recovery zone economic
development bonds must file a separate
Form 8038-B for each issue of build
America bonds and recovery zone
economic development bonds issued
after February 2010.
Note. Build America bonds (Tax Credit),
build America bonds (Direct Pay), and
recovery zone economic development
bonds must each be reported on a
separate Form 8038-B. This instruction
applies regardless of whether the single
issue consists of variable rate, fixed rate,
or both variable rate and fixed rate bonds.

When To File
File Form 8038-B on or before the 15th
day of the 2nd calendar month after the
close of the calendar quarter in which the
bond was issued. Form 8038-B may not
be filed before the issue date and must be
completed based on the facts as of the
issue date. For build America bonds
(Direct Pay) and for recovery zone
economic development bonds, Form
8038-B must be filed at least 30 days
prior to the submission of the first Form
8038-CP, Return for Credit Payments to
Issuers of Qualified Bonds, that is filed to

Other Forms That May Be
Required
For issuers who elect under section 6431
to receive a direct payment from the
Federal Government equal to a
percentage of the interest payment, the
payment must be requested on Form
8038-CP. Each Form 8038-CP can only
relate to the interest paid on a single bond
issue.
For rebating arbitrage (or paying a
penalty in lieu of arbitrage rebate) to the
Cat. No. 54165A

Federal Government, use Form 8038-T,
Arbitrage Rebate, Yield Reduction and
Penalty in Lieu of Arbitrage Rebate.
If the bond issue consists of both
tax-exempt bonds and build America
bonds, the issuer must report the
tax-exempt portion on Form 8038-G and
the build America bond portion on Form
8038-B.

Rounding to Whole Dollars
You should report the money items on
this return as whole dollars. To do so,
drop amounts less than 50 cents and
increase amounts from 50 cents through
99 cents to the next higher dollar.

Questions on Filing Form
8038-B
For specific questions on how to file Form
8038-B send an email to the IRS at:
[email protected]
and put “Form 8038-B Question” in the
subject line. In the email include a
description of your question, a return
email address, the name of a contact
person, and a telephone number.

Definitions
Build America bond (Tax Credit). This
is an issue of taxable state or local
governmental bonds (excluding private
activity bonds under section 141) as
defined in section 54AA(d) that provides a
tax credit to the holder of the bond.
Build America bond (Direct Pay). This
is an issue of taxable state or local
governmental bonds (excluding private
activity bonds under section 141) as
defined in section 54AA(g), the issuer of
which elects to receive a refundable credit
under section 6431 in lieu of tax credits to
the holder of the bond.
Recovery zone economic development
bond. This is an issue of taxable state or
local governmental bonds that meets the
requirements under section 1400U-2 that
may be used to finance certain qualified
economic development purposes as
defined under section 1400U-2(c), the
issuer of which receives a refundable
credit under section 6431.
Arbitrage rebate. The issuer of a build
America bond or recovery zone economic
development bond must rebate to the
United States arbitrage profits earned
from investing proceeds of the bond in
higher yielding nonpurpose investments.
See section 148(f).
Gross proceeds. Gross proceeds
means any proceeds and replacement

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Instructions for Form 8038-B

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proceeds of an issue as defined under
Regulations section 1.148-1(b).
Sale proceeds. Sale proceeds are
determined under Regulations section
1.148-1(b) as any amount actually or
constructively received from the sale of
the issue, including amounts used to pay
underwriters’ discount or compensation
and accrued interest, other than
pre-issuance accrued interest. Sale
proceeds also include, but are not limited
to, amounts derived from the sale of a
right that is associated with a bond, and
that is described in Regulations section
1.148-4(b)(4). Sale proceeds shall also
include the proceeds from the sale of
credit strips. Also, see Regulations
section 1.148-4(h)(5) treating amounts
received upon the termination of certain
hedges as sale proceeds.
Issue. Generally, bonds are treated as
part of the same issue if they are issued
by the same issuer, on the same date,
and in a single transaction, or series of
related transactions. Even if part of the
same issue, build America bonds (Direct
Pay), build America bonds (Tax Credit),
and recovery zone economic
development bonds must each be filed on
a separate Form 8038-B.
Issue price. The issue price of
obligations is generally determined under
Regulations section 1.148-1(b). Thus,
when issued for cash, the issue price is
the price at which a substantial amount of
the obligations are sold to the public. To
determine the issue price of an obligation
issued for property, see sections 1273
and 1274 and the related Regulations.

Specific Instructions
Part I—Reporting Authority
Amended return. An issuer may file an
amended return to change or add to the
information reported on a previously filed
return for the same date of issue. If you
are filing to correct errors or change a
previously filed return, check the
“Amended Return” box in the heading of
the form.
The amended return must provide all
the information reported on the original
return, in addition to the new or corrected
information. Attach an explanation of the
reason for the amended return and write
across the top, “Amended Return
Explanation.” Failure to attach an
explanation may result in a delay in
processing this form.
Line 1. The issuer’s name is the name of
the entity issuing the bonds, not the name
of the entity receiving the benefit of the
financing. For a lease or installment sale,
the issuer is the lessee or the purchaser.
Line 2. An issuer that does not have an
employer identification number (EIN)
should apply for one on Form SS-4,
Application for Employer Identification
Number. You can get this form on the IRS
website at www.irs.gov or by calling
1-800-TAX-FORM (1-800-829-3676). You

may receive an EIN by telephone by
following the instructions for Form SS-4.
Line 3. If the issuer wishes to authorize
a person other than an officer of the
issuer (including a legal representative or
paid preparer) to communicate with the
IRS and whom the IRS may contact with
respect to this return (including in writing
or by telephone), enter the name of such
person here. The person listed in line 3
must be an individual. Do not enter the
name and title of an officer of the issuer
here (use line 10 for that purpose).
Note. By authorizing a person other than
an authorized officer of the issuer to
communicate with the IRS and whom the
IRS may contact with respect to this
return, the issuer authorizes the IRS to
communicate directly with the individual
entered in line 3 and consents to disclose
the issuer’s return information to that
individual, as necessary, in order to
process this return.
Line 4. This line is for IRS use only. Do
not make any entries in this box.
Lines 5 and 6. If you listed in line 3 a
person other than an officer of the issuer
(including a legal representative or paid
preparer) to communicate with the IRS
and whom the IRS may contact with
respect to this return, enter the number
and street (or P.O. Box if mail is not
delivered to street address), city, town, or
post office, state, and ZIP code of that
person. Otherwise, enter the issuer’s
number and street (or P.O. Box if mail is
not delivered to street address), city,
town, or post office, state, and ZIP code.
Line 7. The date of issue is generally the
date on which the issuer exchanges the
bonds for the underwriter’s (or other
purchaser’s) funds. For a lease or
installment sale, enter the date interest
starts to accrue in an MM/DD/YYYY
format.
Line 8. If there is no name of the issue,
please provide other identification of the
issue.
Line 9. Enter the Committee on Uniform
Securities Identification Procedures
(CUSIP) number of the latest maturity on
line 9. Attach a schedule with a complete
list of CUSIP numbers for each bond. If
some or all of the tax credits are stripped,
attach a schedule with the name of each
purchaser of the tax credit bonds or tax
credit strips, each purchaser’s EIN, and
the CUSIP numbers associated with the
bonds and the stripped tax credits. If the
issue does not have a CUSIP number,
write, “None.” If the issue either has no
CUSIP number or is privately placed,
attach a schedule with each purchaser’s
EIN, name, and address.
Line 10. Enter the name and title of the
officer of the issuer whom the IRS may
call for more information. If the issuer
designates a person in line 3 (such as a
legal representative or paid preparer) with
whom the IRS may communicate with
respect to this return, leave line 10 blank.
Line 11. Enter the telephone number of
the person whom the IRS may contact for

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more information identified in line 3 or line
10, as applicable.

Part II—Type of Bonds

!

CAUTION

Elections referred to in Part II are
made on the original bond
documents, not on this form.

Line 1. You must identify the type of
bonds issued by checking the
corresponding box. If box 1b or 1c is
checked, complete lines 2 and 3.
Line 2. Enter the first interest payment
date. An interest payment date is the date
on which interest is payable by the
governmental issuer to the holders of the
bonds. (For variable rate issues, enter the
last interest payment date applicable to
the quarterly period for which the first
8038-CP for the issue will relate.) Enter
the date in an MM/DD/YYYY format.
Line 3. Check the box indicating the
interest payment date frequency. In
addition, issuers of build America bonds
(Direct Pay) and recovery zone economic
development bonds must attach a debt
service schedule to the Form 8038-B
which contains the information described
below for the bond issue:
1. For fixed-rate bonds, attach a
complete debt service schedule titled
“Fixed Rate Bond-Debt Service Schedule”
that provides a list of each interest
payment date, the total interest payable
on such date, the total principal amount of
bonds expected to be outstanding on
such date, the credit payment expected to
be requested from the IRS on such date,
and the earliest date that the bonds can
be called.
2. For variable rate bonds, attach a
debt service schedule titled “Variable
Rate Bond-Debt Service Schedule” that
provides a list of each interest payment
date, the total principal amount of bonds
expected to be outstanding on such date,
and a description of how interest on the
bonds is computed.
Note. If the bond issue reported on Form
8038-B constitutes both fixed rate bonds
and variable rate bonds, both the fixed
rate and variable rate bonds must be
reported on the same Form 8038-B;
however, separate debt service
schedules, as described above, must be
entered for each of the bonds. Credit
payments are not allowed for preissuance
accrued interest. Failure to provide the
applicable debt service schedules may
result in a delay in processing the return.

Part III—Purpose of Issue
Line 1. For build America bonds identify
the purpose of issue and enter the portion
of the issue price allocable to each type of
project expenditure. The portion of the
issue price allocated to each type of
project expenditure should include a pro
rata allocation of proceeds representing
such items as costs of issuance or a
reasonably required reserve. For
example, if 60% of the principal amount of
the bond issue is for education purposes

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and 40% of the principal amount of the
bond issue is for public safety purposes,
the proceeds used for items such as
costs of issuance or a reasonably
required reserve should be allocated 60%
to education and 40% to public safety.
Line 1h is to be used solely to identify the
portion of the issue price allocated to a
purpose other than those listed in lines 1a
through 1g. Lines 1a through 1h must
equal the total issue price in line 3.
Attach a schedule listing names and
EINs of organizations that are to use
proceeds of these obligations if different
from those of the issuer. Also indicate
whether each organization listed on the
schedule is a government or private
entity. Failure to attach the schedule may
result in a delay in processing the return.
Line 2. For recovery zone economic
development bonds identify the purpose
of issue and enter the portion of the issue
price allocable to each type of
expenditure. The portion of the issue
price allocated to each type of project
expenditure should include a pro rata
allocation of proceeds representing such
items as costs of issuance or a
reasonably required reserve. For
example, if 60% of the principal amount of
the bond issue is for capital expenditures
purposes and 40% of the principal
amount of the bond issue is for job
training purposes, the proceeds used for
items such as costs of issuance or a
reasonably required reserve should be
allocated 60% to capital expenditures and
40% to job training. Line 2d is to be used
solely to identify the portion of the issue
price allocated to a purpose other than
those listed in lines 2a through 2c. Lines
2a through 2d must equal the total issue
price in line 3.
Attach a schedule listing names and
EINs of organizations that are to use
proceeds of these obligations if different
from those of the issuer. Also indicate
whether each organization listed on the
schedule is a government or private
entity. Failure to attach the schedule may
result in a delay in processing the return.
Line 3. See Issue Price under
Definitions on page 2. For build America
bonds, the amounts under lines 1a
through 1h, or for recovery zone
economic development bonds, the
amounts under lines 2a through 2d must
total the issue price of the entire issue
entered in line 3.
Note. Build America bonds (Tax Credit),
build America bonds (Direct Pay), and
recovery zone economic development
bonds must each be filed on a separate
Form 8038-B regardless of whether or not
they constitute a single issue.
Line 4. If obligations are Tax Anticipation
Notes (TANs) or Revenue Anticipation
Notes (RANs), check box 4a. If
obligations are Bond Anticipation Notes
(BANs), check box 4b. Do not check both
boxes.
Line 5. Check this box if property other
than cash is exchanged for the obligation,

for example, acquiring a police car, a fire
truck, or telephone equipment through a
series of monthly payments. (This type of
obligation is sometimes referred to as a
“municipal lease.”) Also check this box if
real property is directly acquired in
exchange for an obligation to make
periodic payments of interest and
principal. Do not check this box if the
proceeds of the obligation are received in
the form of cash, even if the term “lease”
is used in the title of the issue.

Part IV—Description of
Obligations
Line 1. The stated redemption price at
maturity of the entire issue is the sum of
the stated redemption prices at maturity
of each bond issued as part of the issue.
For a lease or installment sale, write “N/
A.”
Line 2. Enter the last date on which any
of the bonds will mature. Enter the date in
an MM/DD/YYYY format.
Line 3. The weighted average maturity is
the sum of the products of the issue price
of each maturity and the number of years
to maturity (determined separately for
each maturity and by taking into account
mandatory redemptions), divided by the
issue price of the entire issue (from Part
III, line 3). For a lease or installment sale,
enter the total number of years the lease
or installment sale will be outstanding.
Carry the year out to two decimal places,
do not round (for example, 10.72).
Line 4. The yield is generally the
discount rate that when used to compute
the present value of all payments of
principal and interest to be paid on the
obligation produces an amount equal to
the issue price, including accrued interest.
See Regulations section 1.148-4 for
specific rules to compute the yield on an
issue. If the issue is a variable rate issue,
leave blank. For other than variable rate
issues, carry the yield out to four decimal
places, do not round (for example,
5.3125%). If reporting build America
bonds (Direct Pay) or recovery zone
economic development bonds, the yield is
reduced by the amount of credit
payments received under section 6431. If
reporting build America bonds (Tax
Credit) and the issue is a lease or
installment sale, enter the effective rate of
interest being paid.

Part V—Use of Proceeds of
Issue
For a lease or installment sale, write “N/A”
in the space to the right of the title for Part
V.
Line 1. See Sale Proceeds under
definitions on page 2.
Line 2. Estimate reasonably expected
investment proceeds on the sales
proceeds in line 1.
Line 3. Enter the amount of
pre-issuance interest accrued from the
date the bonds are dated to the date of
issue.

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Line 4. Enter the amount of the
proceeds (including accrued interest) that
will be used to pay bond issuance costs,
including underwriter’s fees, fees for
trustees, and bond counsel.
Note. Costs of issuance are limited to
not more than 2 percent of sale proceeds
for build America bonds (Direct Pay) and
recovery zone economic development
bonds.
Line 5. Enter the amount of the
proceeds that will be used to pay fees for
credit enhancement that are taken into
account in determining the yield on the
issue for purposes of section 148(h), for
example, bond insurance premiums and
certain fees for letters of credit.
Line 6. Enter the amount of the
proceeds that will be allocated to a
reasonably required reserve fund. See
funding limitations for such a reserve
under Regulations section 1.148-2(f).
Line 9. Enter the amount of the
proceeds that will be used to pay
principal, interest, or call premium on any
other issue of bonds within 90 days of the
date of issue.
Note. This line applies only to build
America bonds (Tax Credit).
Line 10. Enter the amount of the
proceeds that will be used to pay
principal, interest, or call premium on any
other issue of bonds after 90 days of the
date of issue, including proceeds that will
be used to fund an escrow account for
this purpose.
Note. This line applies only to build
America bonds (Tax Credit).

Part VI— Description of
Refunded Bonds
Complete this part only if the bonds are to
be used to refund a prior issue of
governmental bonds.
Note. According to Notice 2009-26 and
Notice 2009-50, build America bonds
(Direct Pay) generally may not be issued
to refinance capital expenditures in
“refunding issues” as defined in
Regulations section 1.150-1. However,
refinancing of certain short term
indebtedness with build America bonds
(Direct Pay) and recovery zone economic
development bonds is not treated as a
refunding.
Lines 1 and 2. The remaining weighted
average maturity is determined without
regard to the refunding. The weighted
average maturity is determined in the
same manner as for Part IV, line 3.
Line 3. Enter the last date on which any
of the bonds being refunded will be
called. Enter the date in an MM/DD/YYYY
format.
Line 4. If more than a single issue of
bonds will be refunded, enter the date of
issue of each of the issues to be refunded
on a schedule. Enter the date in an MM/
DD/YYYY format. If the schedule is not
attached, it may result in a delay in
processing the return.

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Part VII—Miscellaneous
Line 1. Enter the amount of volume cap
allocated to the issue of recovery zone
economic development bonds. Attach a
copy of the certification of the volume cap
allocation by the state, county, or large
municipality. For build America bonds,
enter the amount of state volume cap
allocated to the issue under section
141(b)(5), if applicable. For recovery zone
economic development bonds, attach a
separate statement indicating the amount
of state volume cap allocated to the issue
under section 141(b)(5), if applicable.
Also attach a copy of the certification of
the recovery zone designation by the
state, county, or large municipality.
Failure to attach the required certifications
will delay the processing of this return.
Line 2. See Gross Proceeds under
Definitions on page 1. If any portion of the
gross proceeds of the issue is or will be
invested in a guaranteed investment
contract (GIC), as defined in Regulations
section 1.148-1(b), enter the amount of
the gross proceeds so invested, as well
as the final maturity date of the GIC and
the name of the provider of such contract.
Enter the final maturity date in an MM/DD/
YYYY format on line 2b. Attach additional
sheets if necessary.
Note. A GIC includes any nonpurpose
investment that has specifically
negotiated withdrawal or reinvestment
provisions and a specifically negotiated
interest rate, and also includes any
agreement to supply investments on two
or more dates (for example, a forward
supply contract).
Line 3. Enter the amount of proceeds of
this issue used to fund a loan to another
governmental unit.
Line 4. If this issue is a loan of proceeds
from another governmental issue, check
box 4a and enter the date of issue, EIN,
and name of the issuer of the master pool
obligation. Enter the issue date in an MM/
DD/YYYY format on line 4b.
Line 5. Check this box if the issuer has
identified a hedge on its books and
records in accordance with Regulation
sections 1.148-4(h)(2)(viii) and
1.148-4(h)(5) that require an issuer of
bonds to identify a hedge in order for it to
be included in bond yield calculations for
purposes of section 148. If the box on line
5a is checked, enter the name of the
hedge provider on line 5b, the type of the
hedge on line 5c, and the term of the
hedge to the nearest tenth of a year (for
example, 2.4 years) on line 5d. Attach
additional sheets, if necessary.
Line 6. In determining if the issuer has
super-integrated a hedge, apply the rules
of Regulations section 1.148-4(h)(4). If
the hedge is super-integrated, check the
box.
Line 7. Check this box if the issue is a
construction issue as defined in
Regulations section 1.148-7(f) and an
irrevocable election to pay a penalty in

lieu of arbitrage rebate has been made on
or before the date the bonds were issued.
The penalty is payable with a Form
8038-T for each 6-month period after the
date the bonds are issued. Do not make
any payment of penalty in lieu of arbitrage
rebate with Form 8038-B. See Rev. Proc.
92-22, 1992-1 C.B. 736 for rules
regarding the “election document.”
Line 8. An issue is an issue of private
activity bonds if the issuer takes a
deliberate action. Regulations section
1.141-2(d)(3) defines a deliberate action
as any action taken by the issuer that is
within its control, regardless of whether
such act was intended to violate the
private business use test or the private
loan financing test. Regulations section
1.141-12 sets forth certain remedial
actions that prevent a deliberate action
with respect to property financed by an
issue from causing that issue to meet the
private business use test or the private
loan financing test. Check the box if the
issuer has established written procedures
to ensure timely remedial action with
respect to all nonqualified bonds in
accordance with Regulations section
1.141-12 or other additional remedial
actions authorized by the Commissioner
under Regulations section 1.141-12(h).
Line 9. Check the box if the issuer has
established written procedures to ensure
that the bonds comply with the arbitrage
yield restriction and rebate requirements
of section 148.

Signature and Consent
An authorized representative of the issuer
must sign Form 8038-B and any
applicable certification. Also print the
name and title of the person signing Form
8038-B. The authorized representative of
the issuer signing this form must have the
authority to consent to the disclosure of
the issuer’s return information, as
necessary to process this return, to the
person(s) that have been designated in
Form 8038-B.
Note. If the governmental issuer in Part
I, line 3 authorizes the IRS to
communicate (including in writing and by
telephone) with a person other than an
officer of the issuer, by signing this form,
the issuer’s authorized representative
consents to the disclosure of issuer’s
return information, as necessary to
process this return, to such person.

Paid Preparer
If an authorized officer of the issuer filled
in this return, the paid preparer’s space
should remain blank. Anyone who
prepares the return but does not charge
the organization should not sign the
return. Certain others who prepare the
return should not sign. For example, a
regular, full-time employee of the issuer,
such as a clerk, secretary, etc., should
not sign.
Generally, anyone who is paid to
prepare a return must sign it and fill in the

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other blanks in the Paid Preparer’s Use
Only area of the return. The paid preparer
must:
• Sign the return in the space provided
for the preparer’s signature,
• Enter the preparer information, and
• Give a copy of the return to the issuer.

Part VIII— Consent to
Disclosure of Certain
Information From This Return
Line 1. The IRS is considering
publishing a list of tax credit bonds in
order to assist in applicable reporting
requirements. If the issuer of a build
America bond (Tax Credit) consents to
the IRS’s publication, through a website
or other publication, of its name and
address, EIN, name and description of
the bond issue, date of issuance, CUSIP
number, issue price, final maturity date,
and stated redemption price at maturity,
in order to assist the IRS in the proper
reporting of interest, tax credits, or other
benefits under section 6049, and the
Regulations thereunder, check the box
next to “YES” on line 1.
Privacy Act and Paperwork Reduction
Act Notice. We ask for the information
on this form to carry out the Internal
Revenue laws of the United States. You
are required to give us the information.
We need it to ensure that you are
complying with these laws. Section 6109
requires paid preparers to provide their
identifying number.
You are not required to provide the
information requested on a form that is
subject to the Paperwork Reduction Act
unless the form displays a valid OMB
control number. Books or records relating
to a form or its instructions must be
retained as long as their contents may
become material in the administration of
any Internal Revenue law. Generally, tax
returns and return information are
confidential, as required by section 6103.
The time needed to complete and file
this form will vary depending on individual
circumstances. The estimated average
time is:
Recordkeeping . . . . . . . . . 16 hrs., 1 min.
Learning about the law or the
form . . . . . . . . . . . . . . . . .
1 hr., 29 min.
Preparing, copying,
assembling, and sending the
form to the IRS . . . . . . . . . .
1 hr., 49 min.

If you have comments concerning the
accuracy of these time estimates or
suggestions for making this form simpler,
we would be happy to hear from you. You
can write to the Internal Revenue Service,
Tax Products Coordinating Committee,
SE:W:CAR:MP:T:T:SP, 1111 Constitution
Ave. NW, IR-6526, Washington, DC
20224. Do not send the form to this
address. Instead, see Where To File on
page 1.