Instructions For Form 1120-Reit - U.s. Income Tax Return For Real Estate Investment Trusts - 2002
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
1502
2 0
Department of the Treasury
Internal Revenue Service
Instructions for Form
1120-REIT
U.S. Income Tax Return for Real Estate Investment Trusts
Section references are to the Internal Revenue Code unless otherwise noted.
•
Courteous service.
Contents
Page
Contents
Page
When contacting the Taxpayer
Changes To Note . . . . . . . . . . . . . . . . 1
Schedule M – 1 . . . . . . . . . . . . . . . . . 15
Advocate, the REIT should provide the
Photographs of Missing Children . . . . 1
Changes To Note
following information:
Unresolved Tax Issues . . . . . . . . . . . . 1
•
•
Additional guidance has been issued
The REIT’s name, address, and
How To Get Forms and
for REITs regarding adopting or changing
employer identification number (EIN).
Publications . . . . . . . . . . . . . . . . . . 1
•
an accounting method and section 481(a)
The name and telephone number of an
How To Access the Internal
adjustments. See Accounting Methods
authorized contact person and the hours
Revenue Bulletin (I.R.B.) . . . . . . . . . 2
on page 5 and Change in accounting
he or she can be reached.
•
General Instructions . . . . . . . . . . . . . 2
method on page 5 for details.
The type of tax return and year(s)
•
Purpose of Form . . . . . . . . . . . . . . . . 2
The requirements for the built-in gains
involved.
•
Who Must File . . . . . . . . . . . . . . . . . . 2
tax have changed for certain REIT
A detailed description of the problem.
•
General Requirements to Qualify
elections and property transfers from a C
Previous attempts to solve the problem
as a REIT . . . . . . . . . . . . . . . . . . . . 2
corporation that occur after January 1,
and the office that had been contacted.
•
Termination of Election . . . . . . . . . . . . 2
2002, under Temporary Regulations
A description of the hardship the REIT
section 1.337(d)-7T. See Built-in gains
Taxable REIT Subsidiaries . . . . . . . . . 2
is facing (if applicable).
tax on page 13 for details.
The REIT may contact a Taxpayer
When To File . . . . . . . . . . . . . . . . . . . 2
Advocate by calling 1-877-777-4778 (toll
Who Must Sign . . . . . . . . . . . . . . . . . 3
Photographs of Missing
free). Persons who have access to TTY/
Paid Preparer Authorization . . . . . . . . 3
TDD equipment may call 1-800-829-4059
Children
Where To File . . . . . . . . . . . . . . . . . . 3
and ask for Taxpayer Advocate
Other Forms, Returns,
The Internal Revenue Service is a proud
assistance. If the REIT prefers, it may
Schedules, and Statements
partner with the National Center for
call, write, or fax the Taxpayer Advocate
That May Be Required . . . . . . . . . 3-5
Missing and Exploited Children.
office in its area. See Pub. 1546, The
Assembling the Return . . . . . . . . . . . . 5
Photographs of missing children selected
Taxpayer Advocate Service of the IRS,
Accounting Methods . . . . . . . . . . . . . . 5
by the Center may appear in instructions
for a list of addresses and fax numbers.
Accounting Periods . . . . . . . . . . . . . . 5
on pages that would otherwise be blank.
Rounding Off to Whole Dollars . . . . . . 5
You can help bring these children home
How To Get Forms and
Recordkeeping . . . . . . . . . . . . . . . . . . 5
by looking at the photographs and calling
Publications
Depository Method of Tax
1-800-THE-LOST (1-800-843-5678) if you
recognize a child.
Payment . . . . . . . . . . . . . . . . . . . . 5
Personal computer
Estimated Tax Payments . . . . . . . . . . 6
Unresolved Tax Issues
You can access the IRS Web Site 24
Interest and Penalties . . . . . . . . . . . . . 6
hours a day, 7 days a week, at
Specific Instructions . . . . . . . . . . . . 6
If the REIT has attempted to deal with an
to:
IRS problem unsuccessfully, it should
Period Covered . . . . . . . . . . . . . . . . . 6
•
Order IRS products on-line.
contact the Taxpayer Advocate. The
Name and Address . . . . . . . . . . . . . . 6
•
Download forms, instructions, and
Taxpayer Advocate independently
100%-owned Subsidiaries and
publications.
represents the REIT’s interests and
Personal Holding Companies . . . . . . 6
•
See answers to frequently asked
concerns within the IRS by protecting its
Employer Identification Number . . . . . . 6
questions.
rights and resolving problems that have
•
Date REIT Established . . . . . . . . . . . . 7
Search publications on-line by topic or
not been fixed through normal channels.
Total Assets . . . . . . . . . . . . . . . . . . . 7
keyword.
While Taxpayer Advocates cannot
•
Final Return, Name Change,
Send us comments or request help by
change the tax law or make a technical
Address Change, or Amended
e-mail.
tax decision, they can clear up problems
•
Return . . . . . . . . . . . . . . . . . . . . . . 7
Sign up to receive local and national
that resulted from previous contacts and
Part I — Real Estate Investment
tax news by e-mail.
ensure that the REIT’s case is given a
Trust Taxable Income . . . . . . . . . 7-11
You can also reach us using file
complete and impartial review.
transfer protocol at ftp.irs.gov.
Part II — Tax on Net Income
The REIT’s assigned personal
From Foreclosure Property . . . . . . 11
CD-ROM
advocate will listen to its point of view and
Part III — Tax for Failure To Meet
will work with the REIT to address its
Order Pub. 1796, Federal Tax Products
Certain Source-of-Income
concerns. The REIT can expect the
on CD-ROM, and get:
Requirements . . . . . . . . . . . . . . . . 11
•
advocate to provide:
Current year forms, instructions, and
•
Part IV — Tax on Net Income
A “fresh look” at a new or on-going
publications.
•
From Prohibited Transactions
. . . 11
problem.
Prior year forms, instructions, and
•
Schedule A . . . . . . . . . . . . . . . . . . . 11
Timely acknowledgement.
publications.
•
•
Schedule J and Worksheet for
The name and phone number of the
Frequently requested tax forms that
Members of a Controlled
individual assigned to its case.
may be filled in electronically, printed out
•
Group . . . . . . . . . . . . . . . . . . . 11-14
Updates on progress.
for submission, and saved for
•
Schedule K . . . . . . . . . . . . . . . . . . . 14
Timeframes for action.
recordkeeping.
•
•
Schedule L . . . . . . . . . . . . . . . . . . . 15
Speedy resolution.
The Internal Revenue Bulletin.
Cat. No. 64243J
ADVERTISEMENT
0 votes
Related Articles
Related forms
Instructions For Form 1120-reit - U.s. Income Tax Return For Real Estate Investment Trusts - 2008
Financial
Instructions For Form 1120-ric - U.s. Income Tax Return For Regulated Investment Companies - 2002
Financial
Related Categories
Parent category: Financial