Financial

Form 1066

A form that one files with the IRS to state the income, losses, deductions, and credits applicable to a real estate mortgage investment conduit. The form is also used for the REMIC to pay taxes on prohibited transactions, additional contributions of capital, and income from foreclosures. Other taxes are passed through to the REMIC holders.

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These additional forms being projected include: Form 2553, Election by a Small Business Corporation; Form 1066, U.S Real Estate Mortgage Investment Conduit Income Tax Return; and Form 8868, Application for Extension of Time To File an Exempt Organization Return.

Projections of returns that will be filed in Calendar Years 2004-2010

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