On January 13, 2011, Wilson Sonsini Goodrich & Rosati issued an alert that described certain tax reporting requirements for any domestic or foreign corporation that undertakes an "organizational action," such as a merger, acquisition, recapitalization (including a stock split or stock dividend), certain redemptions, or similar transactions, that affects the tax basis of its outstanding stock. Under the reporting requirements, the organization must file an information return with the Internal Revenue Service (IRS) or publish certain information on its website within 45 days of the organizational action. If an information return is filed with the IRS, the organization also is required to provide written statements to its shareholders (or their nominees) by January 15 of the following calendar year.