Get the free Form 8937

This document provides a report detailing organizational actions affecting the basis of securities, specifically a non-taxable corporate reorganization involving the merger of Helios Strategic Mortgage

How to fill out form 8937

How to fill out Form 8937

1. Download Form 8937 from the IRS website.
2. Write the name of the entity that made the distribution at the top of the form.
3. Provide the entity's employer identification number (EIN) in the appropriate section.
4. Fill out the applicable year for which the form is being prepared.
5. Describe the event that triggered the need for Form 8937.
6. Enter details about the financial instruments involved in the distribution.
7. Include the fair market value of the property received by shareholders as of the distribution date.
8. Document the percentage of shares affected by the distribution.
9. Sign and date the completed form with the signature of an authorized person.

Who needs Form 8937?

1. Form 8937 is needed by entities that made distributions of stock or securities, such as corporations, partnerships, or limited liability companies, to report information to shareholders and the IRS.

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 that affect the basis of securities. It is primarily used by corporations and other issuers to inform shareholders and the IRS about changes in the capital structure of a corporation.

Who is required to file Form 8937?

Corporations and other issuers that have undergone organizational actions affecting the basis of securities are required to file Form 8937. This includes mergers, acquisitions, stock splits, and certain other corporate actions.

How to fill out Form 8937?

To fill out Form 8937, you need to provide detailed information regarding the organizational action, including the type of action, tax year, affected securities, and the adjusted basis of the securities. The form requires specific calculations for shareholders and must be filed with the IRS and provided to affected shareholders.

What is the purpose of Form 8937?

The purpose of Form 8937 is to ensure that shareholders are informed about changes that may affect the tax treatment of their investments due to organizational actions, thereby helping them accurately report capital gains and losses on their tax returns.

What information must be reported on Form 8937?

Form 8937 must report information such as the name of the corporation, the type of organizational action, the security affected, the date of the action, adjustments to the basis of securities, and a description of the tax consequences of the action.