Form name
Changes in Corporate Control and Capital Structure
IRC Section
6043
Link to form
https://www.irs.gov/pub/irs-pdf/f1099cap.pdf
Purpose of form
U.S. payors that are corporations use this form for its shareholders if control of the corporation was acquired or it underwent a substantial change in capital structure. Filers must furnish Form 1099-CAP to its shareholders who receive cash, stock, or other property from an acquisition of control or substantial change in capital structure.
Information reported on form
- The name, address, taxpayer identification number and phone number of the corporation,
- The name, address, and taxpayer identification number of the shareholder,
- The date of sale/exchange,
- The aggregate amount received (cash and fair market value of property),
- The number of shares and classes of stock
- Please see Form 1099-CAP for all other information required to be reported.
Reporting threshold
Over $1000.
Due date to recipient
(To Shareholders) January 31, (To Clearing Organization) January 5
Due date to IRS (paper filing)
February 28
Due date to IRS (Electronic Filing)
March 31