IRS Form 1120-REIT U.S. Income Tax Return for Real Estate Investment Trusts

IRS Form 1120-REIT Instructions

Detailed information is provided in the IRS-distributed Form 1120-REIT instructions. This Real Estate Investment Trust Tax Return must be signed and dated by the REIT's president, vice president, chief accounting officer, treasurer, assistant treasurer, or any corporate officer authorized to sign. A return that is filed by a receiver, trustee, or assignee on behalf of a REIT must be signed by the fiduciary. Generally, anyone who gets paid to prepare the return is required to sign it and fill in the "Paid Preparer Use Only" section.

In general, a REIT is required to file this return by the 15th day of the 4th month after the end of its tax year. A REIT that has dissolved is required to file by the 15th day of the 4th month after the date of its dissolution. If the REIT's tax year ends on June 30, the REIT is required to file the return by the 15th day of the 3rd month after the end of the REIT's tax year. If the due date falls on a weekend or legal holiday, the form may be filed on the next business day.

If a REIT does not meet the filing deadline, including extensions, a penalty of 5% of the unpaid tax for each month or day the return is late, and up to a maximum of 25%, shall apply. The minimum penalty for filing 60 or more days late is the tax due or $210, whichever is smaller. If the REIT can demonstrate that failure to file the Form 1120-REIT on time was due to reasonable cause, the penalty will not be imposed.

IRS 1120-REIT Related Forms:

• 1120, U.S. Corporation Income Tax Return. Domestic corporations must use Form 1120 (U.S. Corporation Income Tax Return) in order to report income, gains, losses, deductions, and credits, and to calculate income tax liability.
• 1120-C, U.S. Income Tax Return for Cooperative Associations. Corporations that operate on a cooperative basis complete and file this form to report their income, gains, losses, deductions, and credits, and to figure their income tax liability.
• 1120-F, U.S. Income Tax Return of a Foreign Corporation. Foreign corporations use this document to report their income, gains, losses, deductions, and credits, and to figure their U.S. income tax liability.
• 1120-H, U.S. Income Tax Return for Homeowners Associations. Homeowners associations file this document with the IRS to exclude the Exempt Function Income from their gross income.
• 1120-L, U.S. Life Insurance Company Income Tax Return. Life insurance companies file this document to report the income, gains, losses, deductions, and credits, and use it to calculate their income tax liability.
• 1120-ND, Return for Nuclear Decommissioning Funds and Certain Related Persons. Nuclear decommissioning funds use this document for reporting income earned, contributions received, the administrative expenses of fund operation, the tax on modified gross income, and Section 4951 initial taxes to the IRS.
• 1120-S, U.S. Income Tax Return for an S Corporation. A domestic corporation or any other entity uses this form to report their income, gains, losses, deductions, and credits for any tax year covered by an election to be an S corporation.
• 1120-FSC, U.S. Income Tax Return of a Foreign Sales Corporation. Foreign Sales Corporation (FSC) or small FSC use Form 1120-FSC to report their income, deductions, losses, gains, credits, and income tax liability.
• 1120-IC-DISC, Interest Charge Domestic International Sales Corporation Return. IRS 1120-IC-DISC is filed by the interest charge domestic international sales corporations (IC-DISCs), former DISCs, and former IC-DISCs.
• 1120-POL, U.S. Income Tax Return for Certain Political Organizations. Political organizations and certain exempt organizations must file this form with the IRS in order to report their political organization taxable income and income tax liability section 527.
• 1120-PC, U.S. Property and Casualty Insurance Company Income Tax Return. Insurance companies, apart from life insurance companies, must file this form to report their tax return, and to figure their income tax liability.
• 1120-RIC, U.S. Income Tax Return for Regulated Investment Companies. Regulated investment companies (RIC) use this document to report their income, deductions, gains, losses, credits, and to calculate their income tax liability.
• 1120-SF, U.S. Income Tax Return for Settlement Funds (Under Section 468B). Qualified settlement funds file this form in order to inform the IRS of the transfers received, income earned, deductions claimed, distributions made, and a designated or qualified settlement fund income tax liability.
• Form 1120-W, Estimated Tax for Corporations. Corporations use this form with the IRS in order to estimate their tax liability and to calculate the amount of their estimated tax payments.
• Form 1120-X, Amended U.S. Corporation Income Tax Return. This form is completed and filed by corporations to correct Form 1120 (or Form 1120-A), a claim for refund, or an examination, as well as to make certain elections after the deadline.