October 28, 2021

Volume XI, Number 301

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October 27, 2021

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October 26, 2021

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October 25, 2021

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Further Relief on Section 6045B Reporting

As previously reported in the January 9th blog article, today is the last day to file Form 8937 to report 2011 corporate actions that affect stock basis, as required under Internal Revenue Code section 6045B. Because the actual IRS Form 8937 was only very recently released, and because a number of questions about the form have arisen following its release, the IRS issued a Notice (Notice 2012-11) stating that it will not impose penalties for reporting incorrect information, provided that the issuer makes a good-faith effort to report timely and accurately. Further, the Notice states that the issuer can satisfy its filing requirement by posting the required information in a readily accessible format to an area of its primary public Web site.

Click here for Form 8937

Click here for Instructions to Form 8937

Copyright © 2021, Sheppard Mullin Richter & Hampton LLP.National Law Review, Volume II, Number 17
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About this Author

D. Matthew Richardson, Tax and Estate Lawyer, Sheppard Mullin
Partner

D. Matthew Richardson is a partner in the Orange County and Los Angeles offices, a member of the Tax and Estate Planning Practice Group. 

Areas of Practice

Mr. Richardson specializes in mergers and acquisitions, corporate reorganizations, liquidations and spin-offs, complex financing, debt restructuring, real estate taxation, joint ventures, partnerships and limited liability companies. He regularly counsels early-stage technology and other businesses with respect to various formation, operation and taxation issues.

Mr. Richardson also specializes in...

213-617-4222
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