Form 8038, Information Return for Tax-Exempt Private Activity Bond Issues

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Instructions for Form 8038

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Instructions for Form 8038

Department of the Treasury
Internal Revenue Service

(Rev. January 2002)
Information Return for
Tax-Exempt Private Activity Bond Issues
Section references are to the Internal Revenue Code, unless otherwise noted.

A Change To Note
Recent legislation added new section
142(a)(13), qualified public educational
facilities, to the list of exempt facility bonds,
effective for obligations issued after
December 31, 2001. See Qualified public
educational facilities on this page.

General Instructions
Purpose of Form
Form 8038 is used by the issuers of
tax-exempt private activity bonds to provide
the IRS with the information required by
section 149 and to monitor the requirements
of sections 141 through 150.

Who Must File
Issuers must file a separate Form 8038 for
each issue of the following tax-exempt
private activity bonds issued after 1986:
• Exempt facility bonds
• Qualified mortgage bonds
• Qualified veterans’ mortgage bonds
• Qualified small issue bonds
• Qualified student loan bonds
• Qualified redevelopment bonds
• Qualified hospital bonds
• Qualified 501(c)(3) bonds
• Nongovernmental output property bonds
• Texas Veterans’ Land Bonds, Oregon
Small-Scale Energy Conservation and
Renewable Resource Loan Bonds, and
Iowa Industrial New Jobs Training Bonds
• All other tax-exempt private activity bonds

When To File
File Form 8038 by the 15th day of the 2nd
calendar month after the close of the
calendar quarter in which the bond was
issued. Form 8038 may not be filed before
the issue date and must be completed
based on the facts as of the issue date.
Late filing. An issuer may be granted an
extension of time to file Form 8038 under
Section 3 of Rev. Proc. 88-10, 1988-1 C.B.
635, if it is determined that the failure to file
timely is not due to willful neglect. Type or
print at the top of the form, “This Statement
Is Submitted in Accordance with Rev. Proc.
88-10.” Attach to the Form 8038 a letter
explaining why Form 8038 was not filed on
time. Also indicate whether the bond issue
in question is under examination by the IRS.
Do not submit copies of the trust indenture
or other bond documents. See Where To
File next.

Where To File
File Form 8038, and any attachments, with
the Internal Revenue Service Center,
Ogden, UT 84201.

Signature
An authorized representative of the issuer
must sign Form 8038 and any applicable
certification. Also print the name and title of
the person signing Form 8038.

Other Forms That May Be
Required
For bonds other than private activity bonds,
use Form 8038-G, Information Return for
Tax-Exempt Governmental Obligations, or
Form 8038-GC, Information Return for
Small Tax-Exempt Governmental Bond
Issues, Leases, and Installment Sales, to
comply with these requirements.
Bonds described in section 1312(c)(2) of
the Tax Reform Act of 1986 to which the
transitional rules in section 1312 or 1313
apply are not private activity bonds for
purposes of information reporting. Report
them on Form 8038-G or Form 8038-GC.
For rebating arbitrage or paying a penalty
in lieu of arbitrage rebate to the Federal
government, use Form 8038-T, Arbitrage
Rebate and Penalty in Lieu of Arbitrage
Rebate.

Rounding Off to Whole Dollars
You may show the money items on this
return as whole-dollar amounts. To do so,
drop any amount less than 50 cents and
increase any amount from 50 to 99 cents to
the next higher dollar.

Definitions
Tax-exempt bond. This is any obligation
on which the interest is excluded from gross
income under section 103 of the Internal
Revenue Code.
Private activity bond. This includes an
obligation issued as part of an issue in
which:
• More than 10% of the proceeds are to be
used for any private business use, and
• More than 10% of the payment of
principal or interest of the issue is either (a)
secured by an interest in property to be
used for a private business use (or
payments for such property), or (b) to be
derived from payments for property (or
borrowed money) used for a private
business use.
It also includes a bond, the proceeds of
which (a) are to be used (directly or
indirectly) to make or finance loans (other
than loans described in section 141(c)(2)) to
Cat. No. 49974V

persons other than governmental units and
(b) exceeds the lesser of 5% of the
proceeds or $5 million.
Exempt facility bond. This is part of an
issue of which 95% or more of the net
proceeds are to be used to finance an
exempt facility listed in section 142(a)(1)
through (13). Exempt facility bonds include
qualified enterprise zone facility bonds for
use in empowerment zones and enterprise
communities.
Qualified public educational facilities.
The private activities for which tax-exempt
bonds may be issued include elementary
and secondary public school facilities that:
• Are owned by a private, for-profit
corporation,
• Have a public-private partnership
agreement with a state or local educational
agency, and
• Are operated by a public educational
agency as part of a public school system.
The term school facility includes school
buildings and other facilities that are related
such as stadiums, athletic facilities used for
school events, and depreciable personal
property used in connection with the school
facility.
A public-private partnership is defined
as an arrangement in which the for-profit
corporation constructs, rehabilitates,
refurbishes, or equips a school for the public
school agency. The agreement must provide
that, at the end of the contract term,
ownership of the bond-financed property is
transferred to the public school agency at no
additional consideration.
The requirements for section 147(c) on
land acquisitions do not apply to qualified
public educational facilities bonds. Also,
separate state volume cap limits and
carryforward rules apply; see section 142(k)
for details.
Qualified mortgage bond. This is part of
an issue:
1. Of which all proceeds (except
issuance costs and reasonably required
reserves) are to be used to finance
owner-occupied residences,
2. That meets the requirements of
subsections (c) through (i) and (m)(7) of
section 143,
3. That does not meet the private
business tests of sections 141(b)(1) and (2),
and
4. For which repayments of principal on
financing provided by the issue (that are
received more than 10 years after the date
of issuance) are used to redeem bonds that
are part of the issue. Amounts of less than
$250,000 need not be used to redeem
bonds under this requirement.

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Instructions for Form 8038

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Qualified veterans’ mortgage bond. This
is part of an issue:
1. Of which 95% or more of the net
proceeds are to be used to provide
residences for veterans,
2. For which the payment of the
principal and interest is secured by the
general obligation of a state,
3. That meets the requirements of
subsections (c), (g), (i)(1), and (l) of section
143, and
4. That does not meet the private
business tests of sections 141(b)(1) and (2).
Qualified small issue bond. This is part of
an issue not exceeding $1 million of which
95% or more of the net proceeds are to be
used to finance (a) land, (b) depreciable
property, or (c) a redemption of a prior issue
of (a) or (b). See section 144(a). The $1
million limit can be increased to $10 million if
an election is made to take certain capital
expenditures into account. See Regulations
section 1.103-10(b)(2)(vi).
Qualified student loan bond. This is part
of an issue of which:
1. 90% or more of the net proceeds are
to be used to make or finance student loans
under a program of general application to
which the Higher Education Act of 1965
applies (see section 144(b)(1)(A) for
additional requirements), or
2. 95% or more of the net proceeds are
to be used to make or finance student loans
under a program of general application
approved by the state (see section
144(b)(1)(B) for additional requirements).
Qualified redevelopment bond. This is
generally part of an issue of which 95% or
more of the net proceeds are to be used to
finance certain specified real property
acquisition and redevelopment in blighted
areas. See section 144(c) for other
requirements.
Qualified 501(c)(3) bond. This is any
private activity bond that meets the following
conditions:
1. All property financed by the net
proceeds of the bond issue is to be owned
by a 501(c)(3) organization or a
governmental unit, and
2. The bond would not be a private
activity bond if (a) section 501(c)(3)
organizations were treated as governmental
units with respect to their activities that do
not constitute unrelated trades or
businesses (determined by applying section
513), and (b) the private activity bond
definition was applied using a 5% threshold
(instead of 10%) for the private use,
security, and/or payment tests, and the
activities that constitute unrelated trades or
businesses are aggregated with any other
private use, security, or payment.
A qualified 501(c)(3) bond includes a:
• Qualified hospital bond, i.e., part of an
issue of which 95% or more of the net
proceeds are to be used for a hospital.
• Qualified nonhospital bond, i.e., other
than a qualified hospital bond. In general, an
organization cannot have more than $150
million of qualified 501(c)(3) nonhospital
bonds; see section 145(b). However, the

limit does not apply to bonds issued after
August 5, 1997, if 95% or more of the net
proceeds of the issue are to be used solely
for capital expenditures incurred after that
date.
Restrictions apply to the use of qualified
501(c)(3) bonds (both hospital and
nonhospital) to provide residential rental
housing. See section 145(d).
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.
Note: The issue price does not include
interest from the date the bonds are dated to
the date of issue.
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.
Arbitrage rebate. Generally, 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. See
section 148(f).
Construction issue. This is an issue of
tax-exempt bonds that meets both of the
following conditions:
1. At least 75% of the available
construction proceeds are to be used for
construction expenditures with respect to
property to be owned by a governmental
unit or a 501(c)(3) organization, and
2. All the bonds that are part of the issue
are qualified 501(c)(3) bonds, bonds that are
not private activity bonds, or private activity
bonds issued to finance property to be
owned by a governmental unit or a 501(c)(3)
organization.
In lieu of rebating any arbitrage that may
be owed to the United States, the issuer of a
construction issue may make an irrevocable
election to pay a penalty. The penalty is
equal to 11/2% of the amount of construction
proceeds that do not meet certain spending
requirements. See section 148(f)(4)(C) and
the Instructions for Form 8038-T.

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 Web Site 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 4. After the preprinted 1, enter two
self-designated numbers. Number reports
consecutively during any calendar year
(e.g., 134, 135, etc.).
Line 6. The date of issue is generally the
date on which the issuer physically
exchanges the bonds for the underwriter’s
(or other purchaser’s) funds.
Line 7. If there is no name of the issue,
please provide other identification of the
issue.
Line 8. Enter the CUSIP (Committee on
Uniform Securities Identification
Procedures) number of the bond with the
latest maturity. If the issue does not have a
CUSIP number, write “None.”

Part II—Type of Issue
Caution: Elections referred to in Part II are
made on the original bond documents, not
on this form.
You must identify the type of bonds
issued by checking the appropriate box(es)
and entering the corresponding issue price
(see Issue price under Definitions).
Line 11f. After entering the issue price,
check the appropriate box for the
percentage test elected by the issuer at the
time of issuance of the bonds. Then, check
the appropriate box to show whether an
election was made for deep rent skewing.
See Rev. Rul. 94-57, 1994-2 C.B. 5, for
guidance on computing the income limits
applicable to these bonds.
Line 11h. Bonds issued to finance certain
facilities may also qualify as exempt facility
bonds if they were (a) permitted as exempt
facility bonds under prior law and (b) issued
under one of the transitional rules of the Tax
Reform Act of 1986 (the 1986 Act).
These facilities
include...

As described in
former section...

A sports facility

103(b)(4)(B)

A convention or trade
show facility

103(b)(4)(C)

Specific Instructions

A parking facility

103(b)(4)(D)

Part I—Reporting Authority

A pollution control facility

103(b)(4)(F)

A hydroelectric facility

103(b)(4)(H)

An industrial park

103(b)(5)

Amended return. If you are filing an
amended Form 8038, check the amended
return box. Complete Part I and only those
parts of Form 8038 you are amending. Use
the same report number (line 4) that was
used on the original report. Do not amend
estimated amounts previously reported once
the actual amounts are determined.
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.

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If one of the above applies, indicate the
facility type and then give the specific
provision of the 1986 Act pertaining to the
facility on line 11h.
Line 11i. Check the box if the bonds are
part of any issue 95% or more of the net
proceeds of which are to be used to provide

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Instructions for Form 8038

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any enterprise zone facility in an
empowerment zone or enterprise
community. See section 1394.
Note: Check the box on line 11j for
empowerment zone facility bonds or line 11k
for District of Columbia Enterprise Zone
facility bonds.
Line 11j. Check the box if the bonds are:
(a) issued after August 5, 1997, and (b) part
of any issue 95% or more of the net
proceeds of which are to be used to provide
any empowerment zone facility. See section
1394(f).
The updated information on the
designated urban empowerment zones is
available at www.hud.gov; for the
designated rural empowerment zones, go to
www.ezec.gov.
Line 11k. Check the box if the bonds are:
(a) issued after December 31, 1997, and (b)
part of any issue 95% or more of the net
proceeds of which are to be used to provide
a District of Columbia Enterprise Zone
facility. See section 1400A for other
requirements.
Line 11l. Check the box for bonds that are:
(a) issued after December 31, 2001, and (b)
part of any issue 95% or more of the net
proceeds of which are used to provide a
qualified public educational facility. See
section 142(k) for other requirements.
Line 11m. Check this box only if none of
the other boxes apply. On the space
provided, enter the facility type.
Facility types include...

As described in
section...

Mass commuting facilities

142(a)(3) and
142(c)

Local district heating or
cooling facilities

142(a)(9) and
142(g)

Environmental enhancements
of hydroelectric generating
142(a)(12) and
facilities
142(j)
High-speed intercity rail
facilities*

142(a)(11),
142(c), and
142(i)

*Note: Proceeds of an exempt bond may not be used
for this type of facility if there is a nongovernmental
owner of the facility unless that owner makes an
irrevocable election not to claim (1) depreciation
under section 167 or 168, or (2) any credit against its
income tax with respect to the property financed with
the net proceeds of the issue.

Line 13. Check the box on line 13 if the
issuer has elected, in the bond indenture or
related document, to pay to the United
States the amount described in section
143(g)(3)(D).
Line 14. Check the box on line 14 if the
bond issue is an exempt issue of $10 million
or less for which an election under section
144(a)(4) has been made by the issuer at or
before the time of issuance on the bonds or
in its records. See Regulations section
1.103-10(b)(2)(vi).
Line 17. Attach a schedule listing the name
and EIN for each 501(c)(3) organization

benefiting from these qualified hospital
bonds.
Line 18. Enter the total amount of qualified
nonhospital bonds described in section
145(b)(2) that are a part of this issue. For
each 501(c)(3) organization benefiting from
these qualified nonhospital bonds, attach a
schedule listing:
1. The name of the organization,
2. Its EIN,
3. The amount of this issue of bonds
benefiting the organization, and, if the box
for line 18 is not checked,
4. The amount of all other nonhospital
bonds outstanding as of the date of this
issue that benefit the organization.
Note: The amount in item 4 above plus line
18 cannot exceed $150 million with respect
to bonds issued: (a) prior to August 6, 1997,
and (b) after August 5, 1997, if used for
noncapital expenditures. The $150 million
limit does not apply to bonds issued after
August 5, 1997, if 95% or more of the net
proceeds are used solely for capital
expenditures incurred after that date.
Line 19. Check the box if the bonds are
used to acquire nongovernmental output
property, which is property used by a
nongovernmental person in connection with
an output facility (such as an electric or gas
power project).
Line 20. Check the box only if none of the
other boxes apply. In the space provided,
enter a description of the bonds, for
example, “Texas Veterans’ Land Bonds,”
“Oregon Small-Scale Energy Conservation
and Renewable Resource Loan Bonds,” or
“Iowa Industrial New Jobs Training Bonds.”

Part III—Description of Bonds
Line 21
For column (a), the final maturity date is the
last date the issuer must redeem the entire
issue.
For column (b), see Issue price under
Definitions on page 2.
For column (c), 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 column (d), 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 line 21,
column(b)).
For column (e), the yield, as defined in
section 148(h), is 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 purchase 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, write “VR” as the yield of the
issue. For other than variable rate issues,
carry the yield out to four decimal places
(e.g., 5.3125%).

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Part IV—Uses of Proceeds of
Issue
Line 22. Enter the amount of proceeds that
will be used to pay interest from the date the
bonds are dated to the date of issue.
Line 24. Enter the amount of the proceeds
that will be used to pay bond issuance
costs, including fees for trustees and bond
counsel.
Line 25. 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) (e.g., bond
insurance premiums and certain fees for
letters of credit).
Line 26. Enter the amount of the proceeds
that will be allocated to such a fund.
Lines 27 and 28. Enter the amount of the
proceeds that will be used to pay principal or
interest on any other issue of bonds.

Part V—Description of Property
Financed by Nonrefunding
Proceeds
Line 31. Enter the amount of the
nonrefunding bond proceeds received by
the issuer and used to finance real or
depreciable personal property. If the
amounts are not available at the time of
issuance, make a reasonable proration
between the land, buildings, and equipment.
Note: Under section 147(c), a private
activity bond is not a qualified bond if 25%
or more of the proceeds are used for the
acquisition of land or if any of the proceeds
are used to acquire farm land (other than an
amount of proceeds not in excess of
$250,000 to be used by a first-time farmer).
An exception to this general rule is for land
acquired for certain environmental
purposes. See section 147(c)(3). Also, a
bond is not a qualified bond if the proceeds
are used for the acquisition of used property
(other than land), except in the case of
certain rehabilitations. See section 147(d).
For items that do not readily fit within
categories 31a, b, c, or d, enter the amount
of those proceeds in category 31e, Other,
and briefly describe them on the line.
Line 32. For each project to be financed by
the issue, enter the corresponding:
• Six-digit North American Industry
Classification System (NAICS) code that
best describes the project, and
• Face amount of the project.
If there are more than four projects to be
financed by the issue, attach a separate
sheet of paper stating the NAICS codes and
face amount of each project.
For the purpose of determining NAICS
codes where the project fits into more than
one category, the ultimate use of the facility
determines the NAICS code number. For
example, an investment partnership
financing a manufacturing facility should use
the relevant manufacturing NAICS code, not
the partnership’s financial activities code.
The NAICS codes are available on the
U.S. Census Bureau Web Site at
www.census.gov/naics.

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Instructions for Form 8038

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Part VI—Description of
Refunded Bonds
Complete this part only if the bonds are to
be used to refund a prior issue of
tax-exempt private activity bonds.
Lines 33 and 34. The remaining weighted
average maturity is determined without
regard to the refunding. The weighted
average maturity is determined in the same
manner as for line 21, column (d).
Line 35. Enter the last date on which any of
the bonds being refunded will be called.
Line 36. If more than a single issue of
bonds will be refunded, enter the date of
issue of each of the issues.

Part VII—Miscellaneous
Line 37. Under the rules of section 147(f),
private activity bonds are not tax exempt
unless they receive public approval by
certain officials or voter referendums. Enter
the name of the governmental unit(s)
approving the issue. Enter also the date of
approval by the applicable elected
representatives and the date of the public
hearing. In the alternative, enter the date of
the voter referendum.
If, under the rules of section 147(f), no
approval is needed because the issue
meets an exception to the public approval
requirement, write “No approval needed” on
line 37. Also enter on line 37 the provision of
section 147(f) under which the issue is
excepted (e.g., “section 147(f)(2)(D)”), or if
under any transitional rule write “Transitional
rule” and the applicable Act (e.g., “Tax
Reform Act of 1986”) and section.
Line 39. Check this box if the issue is a
construction issue 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 this form. See
Rev. Proc. 92-22, 1992-1 C.B. 736 for rules
regarding the “election document.”
Line 40. 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
permit an issuer of tax-exempt bonds to
identify a hedge for it to be included in yield
calculations for computing arbitrage.
Line 41. Check this box if:
As described in
The issue is comprised of... section...
Qualified redevelopment
bonds

144(c)

Qualified small issue bonds 144(a)
Exempt facilities bonds

142(a)(4) through
142(a)(11) and
142(a)(13)

If one of the above applies, then enter
the name and EIN of the primary private
user. A “primary private user” is the
nongovernmental entity that meets the
private business tests of section 141(b) or
private loan financing test of section 141(c).

Part VIII—Volume Cap
Line 42. Enter the amount of volume cap
allocated to the issuer. Attach a copy of the
state certification, if applicable. The
appropriate state official must certify that the
issue meets the requirements of section 146
(relating to volume cap on private activity
bonds). See the regulations under section
149(e). The certification must also include
the information requested by lines 1 through
3 and 5 through 8 on page 1 of Form 8038,
as well as the title of the certifying official.
Line 43. Enter the amount of the issue
subject to the unified state volume cap for
private activity bonds under section 146. If,
under section 141, the nonqualified amount
of an issue exceeds $15 million, but does
not exceed the amount that would cause a
bond which is part of an issue to be treated
as a private activity bond, the issuer must
allocate a part of its volume cap to the
nonqualified amount over $15 million.
Line 44a. Enter the amount of any bond
issued as part of an issue to finance exempt
facilities that are not subject to the volume
cap. These facilities include:
• Airports.
• Docks.
• Wharves.
• Environmental enhancements of
hydroelectric generating facilities.
• Solid waste facilities. Note: These
facilities may have to be governmentally
owned. See section 146(h).
• High-speed intercity rail facilities. Note:
Only 75% of any exempt facility bond for
these facilities is not subject to the volume
cap; however, no volume cap applies if all
the bond-financed property is
governmentally owned. See sections 146(g)
and 142(b)(1)(B).
Line 44b. If any part of the issue is issued
under a carryforward election, enter the
amount of the bonds being issued under
that election. Attach a copy of the applicable
Form 8328, Carryforward Election of
Unused Private Activity Bond Volume Cap.
Line 44c. If any part of the issue is not
subject to the volume cap under a
transitional rule of the Tax Reform Act of
1986, enter the appropriate section of the
Act and then the amount of the bonds
excepted from the volume cap by that rule.
Line 44d. Any bond that is issued to
currently refund another bond is not subject
to the volume cap to the extent that the
amount of such bond does not exceed the
outstanding amount of the refunded bond.
See section 146(i) and section 1313(a) of
the Tax Reform Act of 1986. Enter the
amount not subject to the volume cap.

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Line 45b. Enter the state limit on qualified
veterans’ mortgage bonds for the calendar
year under section 143(l)(3).
Line 46a. Enter the amount of volume cap
allocated to the issuer. Attach a copy of the
local government’s certification, if
applicable. The official must certify that the
issue meets the requirements and the
applicable volume cap under section
1394(f). The certification must also include
the information requested by lines 1 through
3 and 5 through 8 on page 1 of Form 8038,
as well as the title of the certifying official.
Line 46b. Enter the name of the
empowerment zone. See the instructions for
line 11j for where to get the names of the
empowerment zones.
Line 47. Enter the amount of volume cap
allocated to the issuer. Attach a copy of the
state certification, if applicable. The
appropriate state official must certify that the
issue meets the volume cap requirements of
section 142(k)(5). The certification must also
include the information requested by lines 1
through 3 and 5 through 8 on page 1 of
Form 8038, as well as the title of the
certifying official.
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.
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:
Learning about the law or
the form . . . . . . . . . . . . . .

10 hr., 35 min.

Preparing the form . . . . . . .

12 hr., 27 min.

Copying, assembling, and
sending the form to the IRS

16 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 Tax Forms Committee, Western
Area Distribution Center, Rancho Cordova,
CA 95743-0001. Do not send the form to
this address. Instead, see Where To File on
page 1.