Instructions For Form 1120-Reit - 2001 (Page 3 of 15) in pdf

Private delivery services. REITs can

(such as tax officer) authorized to sign.

preparer to answer any questions that

use certain private delivery services

Receivers, trustees, or assignees must

may arise during the processing of its

designated by the IRS to meet the “timely

also sign and date any return filed on

return. The REIT is also authorizing the

mailing as timely filing/paying” rule for tax

behalf of a REIT.

paid preparer to:

•

returns and payments. The most recent

Give the IRS any information that is

If an employee of the REIT completes

list of designated private delivery services

missing from the return,

Form 1120-REIT, the paid preparer’s

•

was published by the IRS in October

Call the IRS for information about the

space should remain blank. In addition,

2001. The list includes only the following:

processing of the REIT’s return or the

anyone who prepares Form 1120-REIT

•

Airborne Express (Airborne): Overnight

status of any related refund or

but does not charge the REIT should not

Air Express Service, Next Afternoon

payment(s), and

complete that section. Generally, anyone

•

Service, Second Day Service.

Respond to certain IRS notices that the

who is paid to prepare the return must

•

DHL Worldwide Express (DHL): “Same

REIT has shared with the preparer about

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

Day” Service, DHL USA Overnight.

math errors, offsets, and return

Only” area.

•

Federal Express (FedEx): FedEx

preparation. The notices will not be sent

The paid preparer must complete the

Priority Overnight, FedEx Standard

to the preparer.

required preparer information; sign the

Overnight, FedEx 2Day.

The REIT is not authorizing the paid

•

return, by hand, in the space provided for

United Parcel Service (UPS): UPS Next

preparer to receive any refund check,

the preparer’s signature (signature

Day Air, UPS Next Day Air Saver, UPS

bind the REIT to anything (including any

stamps and labels are not acceptable);

2nd Day Air, UPS 2nd Day Air A.M., UPS

additional tax liability), or otherwise

and give a copy of the return to the

Worldwide Express Plus, and UPS

represent the REIT before the IRS. If the

taxpayer.

Worldwide Express.

REIT wants to expand the paid preparer’s

The private delivery service can tell

authorization, see Pub. 947, Practice

Paid Preparer

you how to get written proof of the mailing

Before the IRS and Power of Attorney.

date.

The authorization cannot be revoked.

Authorization

However, the authorization will

Extension. File Form 7004, Application

If the REIT wants to allow the IRS to

automatically end no later than the due

for Automatic Extension of Time To File

discuss its 2001 tax return with the paid

date (without regard to extensions) for

Corporation Income Tax Return, to

preparer who signed it, check the “Yes”

filing the REIT’s 2002 tax return.

request a 6-month extension of time to

box in the signature area of the return.

file.

This authorization applies only to the

Other Forms, Returns,

individual whose signature appears in the

Schedules, and

Who Must Sign

“Paid Preparer’s Use Only” section of the

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

Statements That May Be

The return must be signed and dated by

shown in that section.

the president, vice president, treasurer,

Required

assistant treasurer, chief accounting

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

officer, or any other corporate officer

authorizing the IRS to call the paid

The REIT may have to file some of the

following forms. See the applicable forms

for more information.

Form W-2, Wage and Tax Statement,

Where To File

and Form W-3, Transmittal of Wage and

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

Tax Statements. Use these forms to

report wages, tips, and other

If the REIT’s principal

And the total assets at the

Use the following Internal

compensation, and withheld income,

business, office, or agency

end of the tax year (Form

Revenue Service Center

social security, and Medicare taxes for

is located in:

1120-REIT, page 1, item E)

address:

employees.

are:

Form W-2G, Certain Gambling Winnings.

Connecticut, Delaware, District

Report gambling winnings from horse

of Columbia, Illinois, Indiana,

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

Kentucky, Maine, Maryland,

bingo, slot machines, sweepstakes,

Massachusetts, Michigan, New

Less than $10 million

Cincinnati, OH 45999-0012

wagering pools, etc.

Hampshire, New Jersey, New

Form 926, Return by a U.S. Transferor

York, North Carolina, Ohio,

of Property to a Foreign Corporation, is

Pennsylvania, Rhode Island,

filed to report certain transfers to foreign

South Carolina, Vermont,

$10 million or more

Ogden, UT 84201-0012

corporations under section 6038B.

Virginia, West Virginia,

Form 940 or Form 940-EZ, Employer’s

Wisconsin

Annual Federal Unemployment (FUTA)

Alabama, Alaska, Arizona,

Tax Return, is filed to report annual

Arkansas, California,

Federal unemployment (FUTA) tax if the

Colorado, Florida, Georgia,

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

Hawaii, Idaho, Iowa, Kansas,

Instructions For Form 1120-Reit - 2001 Page 3

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