Final issuer report form released by the IRS

Global Information Reporting
& Withholding Newsbrief
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On January 5, 2012, the IRS issued the instructions and final version of Form 8937, Report of Organizational Actions Affecting Basis of Securities, which allows issuers which engage in organizational actions that affect the basis of a specified security to provide certain information to the Internal Revenue Service (IRS). Reporting is due to the IRS the earlier of 45 days after the organizational action or January 15 of the year following the calendar year in which the organizational action occurred. The issuer is also required to furnish a corresponding statement to each nominee of the stockholder (or to each stockholder if there is no nominee) by January 15 of the year following the calendar year in which the organizational action occurred. As an alternative to both of these requirements, the issuer may post the information on its public website in accordance with IRS guidance.


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