Get the free Form 8937

This form is used to report organizational actions that affect the basis of securities, including mergers, acquisitions, stock splits, and other corporate actions affecting the tax basis of the securities

How to fill out form 8937

How to fill out Form 8937

1. Download Form 8937 from the IRS website.
2. Fill in the entity's name, EIN, and address in the appropriate fields.
3. Provide the date of the organizational action that affects the stock or security.
4. Enter the name of the security affected by the organizational action.
5. Indicate the number of shares involved and the previous and new adjusted basis.
6. Complete the section on the sections of the tax code that relate to the adjustment.
7. Sign and date the form.
8. Retain a copy for your records and submit it as required.

Who needs Form 8937?

1. Entities that have made a corporate action affecting their securities, like stock splits, mergers, or reorganizations.
2. Shareholders or stakeholders impacted by such corporate actions.
3. Tax professionals filing on behalf of their clients who experienced these 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 the organizational actions that affect the basis of securities, such as stocks and bonds, to the Internal Revenue Service (IRS) in the United States.

Who is required to file Form 8937?

Entities such as corporations, partnerships, or trusts that undertake organizational actions which affect the basis of securities must file Form 8937 with the IRS.

How to fill out Form 8937?

To fill out Form 8937, you need to provide details about the organization, the specific action taken, the date of the action, and how it affects the basis of the securities. It should be completed accurately and submitted to the IRS.

What is the purpose of Form 8937?

The purpose of Form 8937 is to inform the IRS and shareholders about changes in the tax basis of a security as the result of actions like stock splits, mergers, or other corporate restructuring events.

What information must be reported on Form 8937?

Form 8937 must report the type of organizational action, the date of action, the securities involved, the changes to the basis of the securities, and the calculations used to determine the new basis.