Get the free Form 8937

This document is a report used to inform the IRS and shareholders of organizational actions that affect the basis of securities, detailing actions taken by the reporting issuer and their implications

How to fill out form 8937

How to fill out Form 8937

1. Obtain a copy of Form 8937 from the IRS website.
2. Provide your name and contact information at the top of the form.
3. Enter the issuer's name, address, and Tax Identification Number (TIN).
4. Fill in the date of the organizational action, such as a merger or stock distribution.
5. Describe the organizational action in detail, specifying the type of event.
6. Provide the relevant information regarding the stock or securities affected, including the CUSIP number if applicable.
7. Indicate the class of stock or securities that were issued.
8. Complete the section about the financial impact on shareholders.
9. Review the form for accuracy and ensure all required fields are completed.
10. Sign and date the form before submission.

Who needs Form 8937?

1. Companies that make organizational actions like stock splits or dividends.
2. Organizations required to report certain corporate actions to the IRS.
3. Taxpayers who need to report the information for their income tax purposes.

People Also Ask about

What is the penalty for failing to file information returns?

The penalty imposed under section 6721(a) for a failure to file timely or for a failure to include correct information will be $100 in lieu of $250 if the failure is corrected after the 30-day period described in paragraph (b)(1) of this section but on or before August 1 of the year in which the required filing date

What do I do with form 8937?

Purpose of Form 8937: Form 8937 is used to report organizational actions that may affect the basis of securities, such as stock splits, mergers, acquisitions, spin-offs, and other similar transactions. The form provides information to both the issuer of the securities and the holder or recipient of the securities.

What does 8937 mean?

File Form 8937 when an organizational action affects the basis of holders of a security or holders of a class of the security. For example, you must file Form 8937 if you make a nontaxable cash distribution to shareholders or if you make a nontaxable stock distribution to shareholders, including a stock split.

What is the penalty for filing Form 8937?

Failure-to-File Penalties. Issuers are subject to a penalty of $100 per Form, up to $1.5 million.

What is the penalty for failing to file a partnership return?

Failure to file partnership return The penalty is calculated by multiplying an inflation-adjusted amount ($235 for returns required to be filed in 2024) by the number of persons who were partners in the partnership throughout the tax year, for each month, not to exceed 12 months.

What is the penalty for not filing form 5471?

Ownership of foreign corporations Penalty Computation: You may be subject to a penalty of $10,000 for each failure to file a complete and correct Form 5471 by the due date.

What do I do with Form 8937?

Purpose of Form 8937: Form 8937 is used to report organizational actions that may affect the basis of securities, such as stock splits, mergers, acquisitions, spin-offs, and other similar transactions. The form provides information to both the issuer of the securities and the holder or recipient of the securities.

For pdfFiller’s FAQs

What is Form 8937?

Form 8937 is a form used by entities to report adjustments to the basis of securities under Section 6045B of the Internal Revenue Code. It is primarily used to report events such as stock reorganizations and other events that affect the tax treatment of securities.

Who is required to file Form 8937?

Any organization or entity that has made an adjustment to the basis of securities, typically issuers of stock, corporations, partnerships, and other entities involved in corporate reorganizations or other relevant transactions, are required to file Form 8937.

How to fill out Form 8937?

To fill out Form 8937, the filer must provide basic information about the organization, the specific event leading to the basis adjustment, the securities affected, and the details of the adjustment including dates, amounts, and types of changes. Instructions provided by the IRS should be followed carefully.

What is the purpose of Form 8937?

The purpose of Form 8937 is to inform the IRS and taxpayers of adjustments to the tax basis of securities, ensuring accurate reporting and compliance with tax laws regarding capital gains and losses.

What information must be reported on Form 8937?

Form 8937 requires reporting information such as the corporation or entity's name, the date of the event, a description of the event, the number of affected securities, the adjusted basis of the securities before and after the event, and any relevant details that clarify the nature of the adjustment.