The Internal Revenue Service has revised its Form 8038 for private-activity bonds, asking issuers now to provide more specific information about their guaranteed investment contracts and hedges.

The IRS is seeking the information as it and other federal agencies, including the Justice Department and Securities and Exchange Commission, are investigating and bringing criminal and civil enforcement actions against firms and individuals over alleged anticompetitive practices such as bid-rigging in connection with GICs and derivatives contracts.

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