Get the free Form 8937

This form is used for reporting organizational actions that affect the basis of securities. It includes details regarding issuer information, the classification of the action, and the quantitative

How to fill out form 8937

How to fill out Form 8937

1. Obtain a copy of Form 8937 from the IRS website.
2. Enter your name, address, and contact information at the top of the form.
3. Provide the tax year for which you are reporting the organizational action.
4. Describe the type of organizational action (e.g., stock split, merger).
5. List the date of the organizational action.
6. Provide details about the securities involved in the organizational action, including the quantity and classes of shares or other interests.
7. Indicate the fair market value of the securities on the date of the organizational action.
8. Complete the signature section at the bottom of the form.
9. Submit the completed Form 8937 to the IRS.
10. Keep a copy of the form for your records.

Who needs Form 8937?

1. Entities that have undergone an organizational action affecting their securities.
2. Corporations that have made distributions to shareholders.
3. Tax-exempt organizations that report certain actions affecting their securities.
4. Partnerships that have had organizational actions impact their partners.

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 filed by companies to report events such as stock splits, mergers, spin-offs, and other actions that impact the tax basis or ownership of securities.

Who is required to file Form 8937?

Companies or organizations that are responsible for reporting organizational actions that affect shareholders' basis in their securities are required to file Form 8937. This typically includes corporations, partnerships, and other entities involved in such actions.

How to fill out Form 8937?

To fill out Form 8937, the filer must provide details such as the name of the corporation, the type of organizational action, the date of the action, and information regarding the old and new basis of the security. The form must be completed accurately and submitted as required by the IRS.

What is the purpose of Form 8937?

The purpose of Form 8937 is to inform shareholders and the IRS about organizational actions that affect the tax basis of securities. This helps ensure that shareholders have the correct information needed to report their taxable income and to determine their tax obligations.

What information must be reported on Form 8937?

The information that must be reported on Form 8937 includes the name and ticker symbol of the company, the date of the organizational action, a description of the action, the amounts and types of securities involved, and details on the allocation of basis between old and new securities.