Get the free Form 8937

This form is used to report organizational actions that affect the basis of securities for U.S. taxpayers, including details on Tax Basis Information required under Section 6045B of the Internal Revenue

How to fill out form 8937

How to fill out Form 8937

1. Identify the relevant tax year for which Form 8937 is being filed.
2. Provide the name and address of the reporting corporation at the top of the form.
3. Complete Part I by entering details about the filing entity, including Employer Identification Number (EIN) and contact information.
4. Fill out Part II, which requires specific information about the organizational actions that led to the tax implications.
5. In Part III, describe the tax consequences of the action, including how it affects the shareholders.
6. If necessary, attach additional documentation to clarify any complex actions.
7. Review the completed form for accuracy before submission.
8. Submit Form 8937 to the IRS and provide a copy to the shareholders affected.

Who needs Form 8937?

1. Form 8937 is needed by U.S. corporations reporting organizational actions that affect the tax basis of their securities for shareholders.
2. It is typically required by companies that have undergone corporate reorganizations, stock splits, or other actions that have tax implications.

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 Affecting Basis of Securities', which is used to report changes that affect the basis of securities held by shareholders.

Who is required to file Form 8937?

Entities that take actions affecting the basis of securities, such as corporations or partnerships, are required to file Form 8937.

How to fill out Form 8937?

Form 8937 can be filled out by completing all relevant sections including the organizational actions, dates, and details of changes, ensuring accurate calculations of adjustments to basis.

What is the purpose of Form 8937?

The purpose of Form 8937 is to inform shareholders of any organizational actions that may affect their tax basis in the securities they hold.

What information must be reported on Form 8937?

Form 8937 must report the type of organizational action, the date of action, the security details, and any adjustments to the basis of the securities affected.