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Who Must Sign

Other Forms, Returns,

individual whose signature appears in the

“Paid Preparer’s Use Only” section of the

The return must be signed and dated by

Schedules, and

return. It does not apply to the firm, if any,

the president, vice president, treasurer,

shown in that section.

Statements That May Be

assistant treasurer, chief accounting

officer, or any other corporate officer

Required

If the “Yes” box is checked, the REIT is

(such as tax officer) authorized to sign.

authorizing the IRS to call the paid

The REIT may have to file some of the

Receivers, trustees, or assignees must

preparer to answer any questions that

following forms. See the applicable forms

also sign and date any return filed on

may arise during the processing of its

for more information.

behalf of a REIT.

return. The REIT is also authorizing the

Form W-2, Wage and Tax Statement,

paid preparer to:

If an employee of the REIT completes

•

and Form W-3, Transmittal of Wage and

Give the IRS any information that is

Form 1120-REIT, the paid preparer’s

Tax Statements. Use these forms to

missing from the return,

space should remain blank. In addition,

report wages, tips, and other

•

Call the IRS for information about the

anyone who prepares Form 1120-REIT

compensation, and withheld income,

processing of the REIT’s return or the

but does not charge the REIT should not

social security, and Medicare taxes for

status of any related refund or

complete that section. Generally, anyone

employees.

payment(s), and

who is paid to prepare the return must

•

Form W-2G, Certain Gambling Winnings.

sign it and fill in the “Paid Preparer’s Use

Respond to certain IRS notices that the

Report gambling winnings from horse

Only” area.

REIT has shared with the preparer about

racing, dog racing, jai alai, lotteries, keno,

math errors, offsets, and return

The paid preparer must complete the

bingo, slot machines, sweepstakes,

preparation. The notices will not be sent

required preparer information; sign the

wagering pools, etc.

to the preparer.

return, by hand, in the space provided for

The REIT is not authorizing the paid

Form 926, Return by a U.S. Transferor

the preparer’s signature (signature

preparer to receive any refund check,

of Property to a Foreign Corporation, is

stamps and labels are not acceptable);

bind the REIT to anything (including any

filed to report certain transfers to foreign

and give a copy of the return to the

additional tax liability), or otherwise

corporations under section 6038B.

taxpayer.

represent the REIT before the IRS. If the

Form 940 or Form 940-EZ, Employer’s

REIT wants to expand the paid preparer’s

Annual Federal Unemployment (FUTA)

Paid Preparer

authorization, see Pub. 947, Practice

Tax Return, is filed to report annual

Before the IRS and Power of Attorney.

Authorization

Federal unemployment (FUTA) tax if the

REIT either (a) paid wages of $1,500 or

If the REIT wants to allow the IRS to

The authorization cannot be revoked.

more in any calendar quarter in 2001 or

discuss its 2002 tax return with the paid

However, the authorization will

2002 or (b) had one or more employee

preparer who signed it, check the “Yes”

automatically end no later than the due

who worked for the REIT for at least

box in the signature area of the return.

date (without regard to extensions) for

some part of a day in any 20 or more

This authorization applies only to the

filing the REIT’s 2003 tax return.

different weeks in 2001 or 20 or more

different weeks in 2002.

Form 941, Employer’s Quarterly Federal

Where To File

Tax Return, or Form 943, Employer’s

File the REIT’s return at the applicable IRS address listed below.

Annual Tax Return for Agricultural

Employees, is filed to report income tax

If the REIT’s principal

And the total assets at the

Use the following Internal

withheld and employer and employee

business, office, or agency

end of the tax year (Form

Revenue Service Center

social security and Medicare taxes. (Also,

is located in:

1120-REIT, page 1, item E)

address:

see Trust fund recovery penalty on

are:

page 6.)

Connecticut, Delaware, District

Form 945, Annual Return of Withheld

of Columbia, Illinois, Indiana,

Federal Income Tax. File Form 945 to

Kentucky, Maine, Maryland,

report income tax withheld from

Massachusetts, Michigan, New

Less than $10 million

Cincinnati, OH 45999-0012

nonpayroll distributions or payments,

Hampshire, New Jersey, New

such as the following income:

•

York, North Carolina, Ohio,

Pensions, annuities, IRAs, military

Pennsylvania, Rhode Island,

retirement, gambling winnings and

•

South Carolina, Vermont,

$10 million or more

Ogden, UT 84201-0012

Indian gaming profits and backup

Virginia, West Virginia,

withholding.

Wisconsin

See Trust fund recovery penalty on

page 6.

Alabama, Alaska, Arizona,

Arkansas, California,

Form 966, Corporate Dissolution or

Colorado, Florida, Georgia,

Liquidation, is used to report the adoption

Hawaii, Idaho, Iowa, Kansas,

of a resolution or plan to dissolve the

Louisiana, Minnesota,

corporation or liquidate any of its stock.

Mississippi, Missouri,

Any amount

Ogden, UT 84201-0012

Form 1042, Annual Withholding Tax

Montana, Nebraska, Nevada,

Return for U.S. Source Income of Foreign

New Mexico, North Dakota,

Persons, Form 1042-S, Foreign Person’s

Oklahoma, Oregon, South

U.S. Source Income Subject to

Dakota, Tennessee, Texas,

Utah, Washington, Wyoming

Withholding, and Form 1042-T, Annual

Summary and Transmittal of Forms

A foreign country or U.S.

1042-S. Use these forms to report and

Any amount

Philadelphia, PA 19255-0012

possession

send withheld tax on payments or

distributions made to nonresident alien

A group of corporations with members located in more than one service center area

individuals, foreign partnerships, or

will often keep all the books and records at the principal office of the managing

foreign corporations to the extent these

corporation. In this case, the tax returns of the corporations may be filed with the

payments constitute gross income from

service center for the area in which the principal office of the managing corporation is

sources within the United States (see

located.

sections 861 through 865).

-3-

Instructions For Form 1120-Reit - U.s. Income Tax Return For Real Estate Investment Trusts - 2002 Page 3

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