Get the free Form 8937

This form is used to report certain organizational actions that affect the basis of securities for U.S. taxpayers, specifically detailing the distributions made by TAL International Group Inc. and

How to fill out form 8937

How to fill out Form 8937

1. Obtain Form 8937 from the IRS website or your tax professional.
2. Identify the reporting corporation and complete the top section of the form with the corporation's name and address.
3. Fill out Part I by detailing the type of organizational action (e.g., stock split, merger) and the date of the action.
4. Complete Part II by listing the stock affected, including the name of the stock, its common stock type, and the issue price.
5. Fill out Part III to confirm whether the organizational action resulted in a tax event and if so, outline the tax implications.
6. Sign and date the form at the bottom to certify that the information provided is accurate.
7. Submit the completed Form 8937 to the IRS and provide a copy to shareholders.

Who needs Form 8937?

1. Corporations that have undergone an organizational action affecting their securities need Form 8937.
2. Shareholders who have received a return of capital or other adjustments to their stock basis may also need it for tax purposes.
3. Tax professionals on behalf of corporations may need to complete and file this form to report changes in stock ownership.

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 the 'Report of Organizational Actions Affected by the Tax Reform Act.' It is used by issuers to report organizational actions that affect the basis of their securities.

Who is required to file Form 8937?

Entities that take organizational actions affecting the basis of securities are required to file Form 8937. This includes corporations, partnerships, and other entities that issue stocks or bonds.

How to fill out Form 8937?

To fill out Form 8937, an issuer must provide specific information about the organizational action, the tax impact on shareholders, and the associated dates. The form includes sections for the issuer's information and detailed analyses of the actions taken.

What is the purpose of Form 8937?

The purpose of Form 8937 is to ensure that stakeholders receive accurate information regarding how organizational actions affect the tax basis of their securities to comply with tax reporting obligations.

What information must be reported on Form 8937?

Form 8937 must report the details of the organizational action, including the type of action, the effective date, the amount and type of tax attributes affected, and any other relevant information necessary for the determination of tax implications.