Get the free Form 8937

This form is used by corporations to report organizational actions affecting the basis of securities, such as dividend distributions and return of capital, that may have tax implications for shareholders.

How to fill out form 8937

How to fill out Form 8937

1. Gather required information, including details about the corporate action, including stock or securities involved.
2. Download or obtain a copy of Form 8937 from the IRS website.
3. Complete Part I with the name of the corporation and its Employer Identification Number (EIN).
4. Fill out Part II detailing the type of organizational action, the date of the action, and the number of shares affected.
5. In Part III, provide information about how the action affects the shareholders, including details on the distribution or transaction.
6. Ensure accuracy in reporting dates, amounts, and value assigned to any shares or securities.
7. Review the entire form for completeness and correctness.
8. Sign and date the form, then submit it to the appropriate parties, keeping a copy for your records.

Who needs Form 8937?

1. Corporations that undergo certain organizational actions and need to report information to their shareholders and the IRS.
2. Taxpayers receiving information regarding corporate distributions affecting their tax liabilities.
3. Financial professionals and tax advisors who assist clients with tax reporting related to reorganizations or other corporate actions.

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 to report organizational actions related to corporate reorganizations, stock splits, stock dividends, and other changes that affect the tax basis of securities.

Who is required to file Form 8937?

Form 8937 must be filed by any corporation or partnership that has undergone an organizational action affecting the ownership of its securities and needs to communicate the tax implications to its shareholders or partners.

How to fill out Form 8937?

To fill out Form 8937, you should provide detailed information about the organizational action, including the type of action, the date it occurred, and the impact on shareholders, along with supporting documentation and calculations of adjustments to the basis of the securities.

What is the purpose of Form 8937?

The purpose of Form 8937 is to inform the IRS and the holders of the securities about the tax consequences of specific organizational actions, ensuring compliance with tax reporting requirements.

What information must be reported on Form 8937?

Form 8937 must report the details of the organizational action, including the date of the action, the type of action, the ratio or effective date if applicable, the amount of securities affected, and any changes to the tax basis of the securities.