This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 1066 for the current year.
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.
Q: What is Form 1066?
A: Form 1066 is the U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return.
Q: Who needs to file Form 1066?
A: Owners of a REMIC must file Form 1066 to report the income tax liability.
Q: What is a REMIC?
A: REMIC stands for Real Estate Mortgage Investment Conduit, which is a type of investment vehicle that holds a pool of mortgages or other real estate loans.
Q: What is reported on Form 1066?
A: Form 1066 is used to report the income, deductions, and tax liability of a REMIC.
Q: When is Form 1066 due?
A: Form 1066 is due on the 15th day of the 4th month following the close of the REMIC's tax year.
Q: Is Form 1066 for individuals or businesses?
A: Form 1066 is for businesses, specifically owners of a REMIC.
Q: Is Form 1066 the same as Form 1040?
A: No, Form 1066 is specifically for REMICs, while Form 1040 is the individual income tax return form.
Q: Are there any penalties for not filing Form 1066?
A: Yes, failure to file Form 1066 or pay the tax liability on time can result in penalties and interest charges.
Q: Can Form 1066 be filed electronically?
A: Yes, Form 1066 can be filed electronically through the IRS's Modernized e-File (MeF) system.
Form Details:
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