26 USC 6043A - Returns relating to taxable mergers and acquisitions

U.S Code last checked for updates: May 06, 2024

§ 6043A.

Returns relating to taxable mergers and acquisitions

(a)

In general

According to the forms or regulations prescribed by the Secretary, the acquiring corporation in any taxable acquisition shall make a return setting forth—

(1)

a description of the acquisition,

(2)

the name and address of each shareholder of the acquired corporation who is required to recognize gain (if any) as a result of the acquisition,

(3)

the amount of money and the fair market value of other property transferred to each such shareholder as part of such acquisition, and

(4)

such other information as the Secretary may prescribe.

To the extent provided by the Secretary, the requirements of this section applicable to the acquiring corporation shall be applicable to the acquired corporation and not to the acquiring corporation.

(b)

Nominees

According to the forms or regulations prescribed by the Secretary:

(1)

Reporting

(2)

Reporting to nominees

(c)

Taxable acquisition

(d)

Statements to be furnished to shareholders

According to the forms or regulations prescribed by the Secretary, every person required to make a return under subsection (a) shall furnish to each shareholder whose name is required to be set forth in such return a written statement showing—

(1)

the name, address, and phone number of the information contact of the person required to make such return,

(2)

the information required to be shown on such return with respect to such shareholder, and

(3)

such other information as the Secretary may prescribe.

The written statement required under the preceding sentence shall be furnished to the shareholder on or before January 31 of the year following the calendar year during which the taxable acquisition occurred.

(Added Pub. L. 108–357, title VIII, § 805(a), Oct. 22, 2004, 118 Stat. 1573.)

cite as: 26 USC 6043A