Get the free IRS Form 8937 OXY - Occidental Petroleum Corporation

Attachment to Form 8937 Report of Organizational Actions Affecting Basis of Securities Occidental Petroleum Corporation EIN: 954035997 Part II Item 14: Describe the organizational action and, if applicable,

How to fill out irs form 8937 oxy

How to fill out IRS Form 8937 Oxy:

1. Gather the necessary information: Before starting to fill out IRS Form 8937 Oxy, make sure you have all the required information at hand. This includes the name of the issuer, the CUSIP number, the date of the organizational action, and any additional details necessary for accurately completing the form.
2. Identify the organizational action: Determine the type of organizational action that occurred. This could be a stock split, merger, acquisition, spin-off, or any other corporate event that results in the need to file Form 8937 Oxy.
3. Complete Part I: In Part I of the form, provide the details of the organizational action. This includes the description of the action, the date it occurred, the number of shares affected, and any other relevant information as requested in the form.
4. Complete Part II: Part II of the form requires you to provide the applicable citation to the section of the Internal Revenue Code that applies to the organizational action. This typically involves referencing the specific section related to the type of action being reported.
5. Complete Part III: In this section, you need to provide the fair market value of the shares before and after the organizational action, as well as any adjustments to the basis of the shares involved. This information helps determine the tax implications associated with the action.
6. Sign and submit the form: Once you have completed all the necessary sections, review the form for accuracy and then sign and date it. Keep a copy for your records and submit the form to the IRS as instructed in the filing instructions.

Who needs IRS Form 8937 Oxy?

IRS Form 8937 Oxy needs to be filled out by issuers of securities who have undergone an organizational action that triggers the requirement for reporting to the IRS. This form is specifically used to report certain corporate actions that may have tax implications for the shareholders or investors involved.

Typically, this form is needed by corporations involved in activities such as stock splits, mergers, acquisitions, spin-offs, or any other significant changes that affect the shares held by investors. It allows the IRS to track and verify the tax treatment of these actions and ensures accurate reporting by the issuers.

It's important for issuers to carefully review the IRS guidelines and determine if their organizational action requires the filing of Form 8937 Oxy. Failing to file the form when required can result in penalties or potential disputes with the IRS regarding tax liabilities associated with the action.

For pdfFiller’s FAQs

What is irs form 8937 oxy?

IRS form 8937 oxy is used to report organizational actions that affect the basis of securities of OXY Corporation.

Who is required to file irs form 8937 oxy?

OXY Corporation or its shareholders who are affected by organizational actions need to file IRS form 8937 oxy.

How to fill out irs form 8937 oxy?

To fill out IRS form 8937 oxy, you need to provide details of the organizational actions, the impact on securities basis, and other required information.

What is the purpose of irs form 8937 oxy?

The purpose of IRS form 8937 oxy is to report organizational actions that affect the basis of securities and ensure accurate tax reporting.

What information must be reported on irs form 8937 oxy?

Information such as details of the organizational actions, impact on securities basis, and other required information must be reported on IRS form 8937 oxy.

Where do I find irs form 8937 oxy?

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