Get the free Form 8937

This form is used to report organizational actions affecting the basis of securities, specifically regarding a two-for-one stock split declared by Delta Natural Gas Company, Inc. The form includes

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 software.
2. Enter your name, address, and Employer Identification Number (EIN) in the appropriate fields.
3. Fill out the information for the relevant financial transactions that occurred during the tax year.
4. Provide details about the organizational action that triggered the need for Form 8937.
5. Indicate the date of the organizational action and the relevant stock or bond information.
6. Explain the impact of the organizational action on the adjusted basis of the shares or bonds.
7. Review the completed form for accuracy.
8. Submit the form to the IRS and provide copies to shareholders as needed.

Who needs Form 8937?

1. Entities that have undertaken organizational actions affecting their securities, such as corporations and partnerships.
2. Taxpayers who need to report information concerning organizational actions to both the IRS and their shareholders.

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, the 'Report of Organizational Actions Affecting Basis of Securities,' is a tax form used to report organizational actions that affect the basis of securities, such as stock splits, dividends, or mergers.

Who is required to file Form 8937?

Entities that are involved in organizational actions affecting the basis of securities are required to file Form 8937, including corporations, partnerships, and certain other organizations.

How to fill out Form 8937?

To fill out Form 8937, one must provide details about the organizational action, including the date of the action, the nature of the action, and any changes to the basis of the securities involved. The form requires accurate reporting to ensure proper tax treatment.

What is the purpose of Form 8937?

The purpose of Form 8937 is to inform shareholders about organizational actions that may affect their tax reporting, ensuring they can accurately determine the basis and gain or loss on their securities.

What information must be reported on Form 8937?

Form 8937 must report information including the type of organizational action, the date of the action, details of any changes to the securities' basis, and any applicable tax consequences as a result of the action.