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Official form guide
Form 14429: Tax Exempt Bonds Voluntary Closing Agreement Program Request
IRS Form 14429 is a Tax Exempt Bonds Voluntary Closing Agreement Program Request that assists issuers in submitting a complete and organized TEB VCAP submission request. It does not alter the requirements of Internal Revenue Code (IRC) Section 7121.
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IRS Form 14429 - Tax Exempt Bonds Voluntary Closing Agreement Program Request
IRS Form 14429 is a Tax Exempt Bonds Voluntary Closing Agreement Program Request that assists issuers in submitting a complete and organized TEB VCAP submission request. It does not alter the requirements of Internal Revenue Code (IRC) Section 7121.
Risk Radar
Scan points- 1Failing to sign and date Form 14429 under penalty of perjury is a critical error.
- 2Failing to sign and date Form 14429 under penalty of perjury.
- 3Not providing all required information in the corresponding boxes.
- 4Omitting details about other issuers when a violation affects multiple issues (unless extraordinary circumstances apply).
- 5Forgetting to attach an explanation if one is relevant to resolving the TEB VCAP request.
Plain English
This form helps bond issuers formally ask the IRS to resolve an issue related to their tax-advantaged bonds through a Voluntary Closing Agreement Program (VCAP). By completing it, the issuer provides all necessary details about the bond issues and any involved parties to start the resolution process. This submission does not change the core rules of IRC Section 7121.
Submission Date
- Filing date: 2020-02-11 22:13:34
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when an issuer submits a request for Tax Exempt Bonds Voluntary Closing Agreement Program consideration (TEB VCAP) regarding their bond issue(s).
- Do not use Form 14429 when the request does not relate to the TEB VCAP, or if it is not related to a violation of IRC Section 148.
- Check Form 8038 series instead when submitting information about a bond issue (e.g., Forms 8038-CP, 8038-T, 8038-R).
Form selector
Use this form or another form?
Additional Party Involved
Required to attach for an additional party to inspect and receive information about the issuer.
✓ Check if you have multiple parties.
Authorized Representative Listed
Required to attach a Power of Attorney and Declaration of Representative for each authorized representative.
✓ Check if you have more than one official.
Direct Pay Bond Issue
Must be attached if the request relates to a direct pay bond issue.
✓ Confirm this specific form is included in your attachment list.
Deadline or filing window
The form is used when an issuer faces a violation jeopardizing the tax-advantaged status of their bonds. While no specific deadline is given, the submission must be included at the beginning of the request package for review.
Checklist
What you need before filling it out
Additional party's name (Line 7)
Name of the additional party · Page 2
Role of additional party (Line 12)
Description of role (e.g., conduit borrower, trustee) · Page 2
Issue price (Line 24)
The price at which the bond was issued · Page 2
Full debt service schedule (Line 25)
Schedule showing principal maturities and interest rates (or rate description for variable issues). · Page 2
IRC Sections relating to violation (Line 28)
The specific sections of the Internal Revenue Code that relate to the violation described in the request. · Page 3
Has issuer identified prior requests? (Line 44)
A statement or list detailing previous TEB VCAP requests, including a summary. · Page 4
Before you submit
- 1Verify that the form is dated and signed by an Official of Issuer under penalties of perjury.
- 2If listing additional parties, confirm Forms 8821 are attached for each party (and note the page number).
- 3For authorized representatives, confirm Forms 2848 are attached for each representative (and note the page number).
- 4Confirm that the Issue price (Line 24) is clearly stated.
- 5Verify that a copy of Form 8038 series information return is attached if applicable (Line 25).
- 6If it's a direct pay issue, confirm Form 8038-CP is attached (Line 26).
- 7Confirm the specific IRC Sections relating to the violation are listed on Line 28.
How to file this form
- 1Complete all required fields regarding Additional Parties and Authorized Representatives using Lines 7 through 19.
- 2Fill in Bond Information details, including Name of bond issue (Line 20) and Issue date (Line 21).
- 3Attach supporting documentation such as the full debt service schedule or Form 8038 series return copies (Lines 24-27).
- 4Detail the violation by listing relevant IRC Sections (Line 28) and providing a clear statement of the requirement violated (Line 29).
- 5Sign the form under penalties of perjury, ensuring the Official's name and date are recorded.
- 6If submitting facts from another party, attach a separate penalty of perjury statement as required by Line 45.
Known limitations
- 1Only the issuer may use IRS Form 14429 to submit a TEB VCAP request, even if other parties like a conduit borrower or trustee participate.
- 2For a violation affecting multiple issuers or bond issues (like a composite issue), each issuer must join in the request and provide information on an attached schedule unless extraordinary circumstances exist.
- 3If more than one additional party is included, Forms 8821 and required information for all parties must be provided on an attached schedule.
Field map
Compact field-by-field guide
General Info
2 items
Full legal name and taxpayer identification number (SSN or EIN).
Current mailing address.
Details
2 items
Complete all applicable sections of this form according to the official IRS instructions.
Enter the relevant dollar amount if this form involves tax calculation.
Certification
1 items
Read and acknowledge any certifications required by this form.
Signatures
1 items
Sign and date. Unsigned forms cannot be processed.
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Fillable formOpen in Editor->The current edition is Revision 2-2020 (Rev. 2-2020). The source references the Catalog Number 60719A and provides pages from this specific revision.
What changed or needs a fresh check
- Edition date — confirm the revision reads 2-2020.
- Catalog Number — confirm the number reads 60719A.
- Mailing address — Not stated in the official source.
- Signature — ensure the Official of Issuer signs and dates the form.
Quick Facts
Downloads
After you file
- 1Sign IRS Form 14429 under penalty of perjury before sending it.
- 2Date the form and include it at the beginning of your request submission package.
- 3Keep a copy of the completed IRS Form 14429 for your records.
- 4If multiple issuers are involved, ensure all required information (Lines 1-6) is provided on an attached schedule.
Sources
- SRCInstructions p.1 — The Tax Exempt Bonds Voluntary Closing Agreement Program (TEB VCAP) provides remedies for issuers who voluntarily resolve a violation of federal tax requirements.
- SRCInstructions p.1 — A tax-advantaged bonds issuer may submit IRS Form 14429 to resolve a violation jeopardizing its bond status.
- SRCInstructions p.1 — The form requires the issuer's name, EIN, address, and contact information (Lines 1-6).
- SRCInstructions p.2 — Additional party information includes Name/EIN, Address, Contact Official details, Role, and whether Form 8821 is attached for inspection (Lines 7-14).
- SRCInstructions p.3 — Bond Information requires the name of the bond issue, Issue date, and CUSIP number if applicable (Lines 20-23).
- SRCInstructions p.4 — If the issuer wishes to have another party submit facts under penalty of perjury, a separate statement must be attached.
Common confusion points
Who must file this form?
A tax-advantaged bonds issuer must submit the request to resolve a violation jeopardizing its bond status.
→ Check Line 1 of Form 14429.
What is 'tax-advantaged bonds'?
This term includes tax-exempt bonds, qualified tax credit bonds, direct pay bonds, specified tax credit bonds, build America bonds, and recovery zone economic development bonds.
→ See the definition on Form 14429, page 1.
Do I need to attach a schedule if only one issuer is involved?
Not stated in the official source — verify on the agency site (though it implies schedules are used for multiple parties).
What happens if my Name/EIN differs from Form 8038?
If Yes, you must provide the specific name and EIN reported on that Form 8038 series return (Line 3).
→ Check Line 3 of Form 14429.
When do I need to attach Forms 8821 for an additional party?
You must check 'Yes' on Line 13 if you want the additional party to inspect and receive information about the issuer.
→ Referencing IRM 7.2.3.2.1(4) on Form 14429, page 2.
What is required for a violation related to IRC Section 148?
You must attach copies of any Forms 8038-T and Forms 8038-R related to the bond issue (Line 27).
→ Check Line 27 of Form 14429.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- IRS Form 2848, Power of Attorney and Declaration of Representative — This form is attached for each authorized representative (Line 15).
Questions about IRS Form 14429
What is IRS Form 14429 used for?
This form helps bond issuers formally ask the IRS to resolve an issue related to their tax-advantaged bonds through a Voluntary Closing Agreement Program (VCAP). By completing it, the issuer provides all necessary details about the bond issues and any involved parties to start the resolution process. This submission does not change the core rules of IRC Section 7121.
Who must file IRS Form 14429?
A tax-advantaged bonds issuer must use IRS Form 14429 to submit a TEB VCAP request, even if other parties like a conduit borrower or trustee participate with permission.
What information does IRS Form 14429 require?
The form collects Issuer Information (Lines 1-6), details about Additional Parties (Lines 7-14), Authorized Representative information (Lines 15-19), and specific Bond Information (Lines 20-25).
Where do I file IRS Form 14429?
The instructions do not specify a particular service center address for submission; the filer must submit it as part of their TEB VCAP request package.
How do I complete IRS Form 14429?
The issuer fills in all requested information corresponding to the questions on Form 14429. The filer must sign the form under penalty of perjury, date it, and include it at the beginning of their request package. If other parties submit facts, they must also certify under penalties of perjury.
What happens if IRS Form 14429 is filed incorrectly?
If the facts submitted are found to be untrue, incorrect, or incomplete, the IRS may determine that additional information is necessary, which could delay acceptance and processing.
Who must file this form?
A tax-advantaged bonds issuer must submit the request to resolve a violation jeopardizing its bond status. Check Line 1 of Form 14429.
What is 'tax-advantaged bonds'?
This term includes tax-exempt bonds, qualified tax credit bonds, direct pay bonds, specified tax credit bonds, build America bonds, and recovery zone economic development bonds. See the definition on Form 14429, page 1.
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