Form 8831 - Excise Taxes On Excess Inclusions Of Remic Residual Interests

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8831

Excise Taxes on Excess Inclusions of

Form

OMB No. 1545-1379

REMIC Residual Interests

(Rev. January 2012)

Department of the Treasury

Internal Revenue Service

Name

Identifying number

Please

Number, street, and room or suite no. (If a P.O. box, see instructions.)

Type or

City or town, state, and ZIP code

Part I

Transfers to Disqualified Organizations. File a separate Form 8831 for each transfer of a residual interest.

Section A—Information on the Transfer

Enter the date the residual interest was transferred to a disqualified organization

▶

Within a reasonable time after discovering this transfer was subject to tax under section 860E(e)(1), were

steps taken so that the residual interest you transferred is no longer held by a disqualified organization?

▶

Yes

If you answered “Yes” to question 2, enter the date the disqualified organization disposed of the

residual interest .

▶

If you answered “Yes” to question 2, the tax due under section 860E(e)(1) will be waived if you pay the amount due under

Regulations section 1.860E-2(a)(7)(ii). Skip Section B and go to Section C to figure the amount due.

If you answered “No” to question 2, use Section B to figure the tax due under section 860E(e)(1). Do not complete Section C.

Section B—Tax Due Under Section 860E(e)(1). Complete this section only if you answered “No” to question 2.

Enter the present value of the excess inclusions allocable to the residual interest you transferred

that are expected to accrue in each calendar quarter (or part thereof) following the transfer of that

interest to the disqualified organization (see instructions) .

Tax due. Multiply line 4 by 35%

Section C—Amount Due Under Regulations Section 1.860E-2(a)(7)(ii). Complete this section only if you answered

“Yes” to question 2.

Enter the amount of excess inclusions allocable to the residual interest you transferred that

accrued during the period the disqualified organization held that interest .

Amount due. Multiply line 6 by 35% .

Part II

Tax on Pass-Through Entities With Interests Held by Disqualified Organizations. File a separate Form

8831 for Part II if you owe tax in Part I.

Enter the ending date of the pass-through entity’s tax year for which

this return is being filed

▶

Enter the amount of excess inclusions allocable to interests in the pass-through entity for which

the record holder is a disqualified organization

Tax due. Multiply line 9 by 35%

Part III

Tax and Payments

Enter the amount from line 5, 7, or 10, whichever applies .

Amount paid with Form 7004

Amount due. Enter the excess of line 11 over line 12

Overpayment. Enter the excess of line 12 over line 11 .

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is

true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

▶

Date

Signature

Title (if any)

Print/Type preparer’s name

Preparer's signature

Date

PTIN

Paid

Check

self-employed