Get the free Form 8937

This document is a report detailing the organizational actions taken by the Wells Fargo Advantage Equity Value Fund affecting the tax basis of securities held by U.S. taxpayers, including the acquisition

How to fill out form 8937

How to fill out Form 8937

1. Obtain a copy of Form 8937 from the IRS website or your tax professional.
2. Enter your name, address, and taxpayer identification number in the appropriate fields.
3. Complete Part I by providing the name of the corporation or entity that made the distribution.
4. In Part II, indicate the type of organizational action (e.g., stock split, dividend distribution).
5. Fill out Part III by detailing the date of the organizational action and the number of shares involved.
6. Complete Part IV by providing the market value at the time of the organizational action.
7. Ensure all information is accurate and complete according to the IRS guidelines.
8. Sign and date the form before submission to the IRS or the intended recipients.

Who needs Form 8937?

1. Any corporation or organization that has made an organizational action that results in a tax impact for shareholders.
2. Shareholders who need to report adjustments to their basis in the shares based on organizational actions.
3. Entities that want to inform shareholders about tax-related issues arising from the organizational action.

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 tax form used by corporations and other entities to report organizational actions affecting the basis of securities. It provides information about events such as stock splits, dividends, and reorganizations.

Who is required to file Form 8937?

Corporations or other entities that undertake an organizational action that affects the tax basis of their securities are required to file Form 8937. This includes issuers of stock and securities.

How to fill out Form 8937?

To fill out Form 8937, the filer must provide details such as the name of the issuer, the type of action taken, the date of the action, the affected securities, and the specific details of how the action affects the basis of these securities.

What is the purpose of Form 8937?

The purpose of Form 8937 is to inform shareholders and the IRS about changes to the tax basis of securities due to organizational actions. It helps ensure accurate reporting of capital gains and losses.

What information must be reported on Form 8937?

Form 8937 must report information such as the issuer's name, the date of the organizational action, a description of the action, the type of security affected, the details of how the action changes the basis of the security, and any applicable federal tax consequences.