Get the free Form 973

Form 973 is filed by a corporation claiming a consent dividend deduction under section 565 of the Internal Revenue Code. It requires details about the corporation's stock, dividends, and any other

How to fill out form 973

How to fill out Form 973

1. Start by downloading Form 973 from the official website or obtaining a physical copy.
2. Read the instructions provided with the form carefully to understand the requirements.
3. Fill in your personal information, such as your name, address, and contact information, in the designated sections.
4. Provide the required supporting documentation as specified in the form instructions.
5. Complete any necessary calculations or declarations as requested on the form.
6. Review the filled form to ensure all information is accurate and complete.
7. Sign and date the form as required, confirming that all information provided is true and correct.
8. Submit the form by the deadline, either electronically or by mailing it to the appropriate address.

Who needs Form 973?

1. Individuals or entities who have had certain tax-related activities may need to fill out Form 973.
2. Taxpayers seeking to report specific financial transactions or to apply for tax relief may also be required to use this form.
3. Advisors and tax professionals may need this form for their clients who meet the filing requirements.

People Also Ask about

What is the minimum dividends to report on taxes?

If you had over $1,500 of ordinary dividends or you received ordinary dividends in your name that actually belong to someone else, you must file Schedule B (Form 1040), Interest and Ordinary Dividends.

What is tax type expanded withholding tax?

Every 10th of the month, their income tax is automatically deducted from their salary by the withholding agent and remitted to the government for them. Expanded withholding tax is to be paid by the withholding agent, and should contain the accumulation of all the monthly funds taken from the tax payer's income.

What is a W3 tax form used for?

Form W-3 is a tax form used by employers to report combined employee income to the Internal Revenue Service (IRS) and the Social Security Administration. Employers who send out more than one Form W-2 to employees must complete and send this form to summarize their total salary payment and withholding amounts.

What is tax form 973?

A corporation files Form 973 to claim a consent dividend deduction under Internal Revenue Code section 565.

What is a consent dividend?

: an arrangement by which stockholders agree to report as income a portion of the corporation's retained profits and to pay taxes thereon.

What is IRS form 3903?

More In Forms and Instructions Use Form 3903 to figure your moving expense deduction for a move related to the start of work at a new principal place of work (workplace).

For pdfFiller’s FAQs

What is Form 973?

Form 973 is used by certain corporations to report the reclassification of their gain or loss from sales or exchanges of certain capital assets.

Who is required to file Form 973?

Corporations that have reclassified gains or losses from the sale or exchange of capital assets must file Form 973.

How to fill out Form 973?

To fill out Form 973, provide the necessary identification information, report the reclassified amounts, and complete the required sections regarding the gains or losses from capital assets.

What is the purpose of Form 973?

The purpose of Form 973 is to help the IRS track the reclassification of gains or losses and to ensure proper reporting and taxation of capital asset transactions.

What information must be reported on Form 973?

Form 973 requires the reporting of the corporation's name, address, tax identification number, details of the reclassified amounts, and other pertinent financial information related to capital asset transactions.