How Do You Fill Out IRS Form 1099-CAP?
IRS Form 1099-CAP, entitled “Changes in Corporate Control and Capital Structure,” is sent to stockholders of a corporation that experienced a change in control or capital structure because the corporation has determined that the shareholder must recognize a gain from the receipt of cash or stock that was exchanged for the corporation’s stock. This article is written from the point of view of the entity filling out the 1099-CAP, not the person receiving it. Call (800) TAX-FORM or visit the IRS online form ordering website (see resources below) to obtain acceptable copies of Form 1099-CAP to send to recipients. Although Form 1099-CAP is available for viewing online, the e-version of the form is unacceptable to send to shareholders or the Internal Revenue Service. Check the “Corrected” box at the top of the 1099 form if applicable. Enter the Corporation’s name, street address, city, state, ZIP code and telephone number in the first box. Enter the Payer’s Federal Tax ID number and the shar
