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8937Report of Organizational Actions
Affecting Basis of SecuritiesForm
(December 2017)
Department of the Treasury
Internal Revenue Serviceman Ia See OMB No. 15450123separate instructions. Reporting
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To fill out box 1a, you need to write the required information in the designated area on the form.
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To fill out box 1b, you need to provide the necessary details in the specified section of the form.
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Box 1a and box 1b typically refer to specific sections on tax forms such as the 1099 series, indicating various types of income or information related to payments made.
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Entities or individuals who make certain types of payments, such as dividends or interest, that exceed established thresholds, are required to file these boxes.
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To fill out box 1a and box 1b, the payer needs to enter the relevant income amount and any applicable identifiers for the recipient, ensuring that the information is accurate and matches the recipient's tax identification information.
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The purpose of box 1a and box 1b is to report specific income types to both the recipient and the IRS, ensuring proper taxation of the earnings.
What information must be reported on box 1a box 1b?
Typically, box 1a requires reporting of the total payment amount, while box 1b includes any distinguishing information such as the type of payment or income source.
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