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Federal Free Printable 2018 Form 1066 for 2019 Federal U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return

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U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return
2018 Form 1066

Form 1066 U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return Department of the Treasury Internal Revenue Service Please Type or Print ▶ Go OMB No. 1545-0123 2018 to www.irs.gov/Form1066 for instructions and the latest information. Name For calendar year 2018 or short tax year beginning , 20 , ending , 20 A Employer identification number (EIN) Number, street, and room or suite no. (If a P.O. box, see instructions.) B Date REMIC started City or town, state or province, country, ZIP or foreign postal code C Enter total assets at end of tax year $ D Check applicable boxes: (1) Final return (2) Name change (3) Address change Section I—Computation of Taxable Income or Net Loss Income (excluding amounts from prohibited transactions) 1 2 3 4 5 Taxable interest . . . . . . . . . . . . . Accrued market discount under section 860C(b)(1)(B) Reserved . . . . . . . . . . . . . . . Ordinary gain or (loss) (attach Form 4797) . . . . Other income (attach statement—see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 3 4 5 6 Total income (loss). Add lines 1 through 5 . . . . . . . . . . . . . . 6 . . . Deductions (excluding amounts allocable to prohibited transactions) 7 8 9 10 11 12 13 Salaries and wages . . . . . . . . . . . . . . . . . . . . . . Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . Amount accrued to regular interest holders in the REMIC that is deductible as interest Other interest . . . . . . . . . . . . . . . . . . . . . . . . Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation (see instructions) . . . . . . . . . . . . . . . . . . . Other deductions (attach statement) . . . . . . . . . . . . . . . . . 14 15 Total deductions. Add lines 7 through 13 . . . . . . . . . . . . . . . . . Taxable income (or net loss). Subtract line 14 from line 6. Enter here and on page 3, Schedule M, column (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 9 10 11 12 13 14 15 Section II—Tax and Payments 1 2 3 4 Total tax (Schedule J, line 12) . . . . . . . . . . . . . . . . . . Tax paid with Form 7004 . . . . . . . . . . . . . . . . . . . . Tax due. Enter excess of line 1 over line 2. See Payment of Tax Due in instructions Overpayment. Enter excess of line 2 over line 1 . . . . . . . . . . . . ▲ Paid Preparer Use Only . . . . . . . . 1 2 3 4 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. ▲ Sign Here . . . . Signature Print/Type preparer’s name Firm’s name ▶ Firm’s address ▶ Preparer’s signature For Paperwork Reduction Act Notice, see separate instructions. May the IRS discuss this return with the preparer shown below? See instructions. Yes No Date Date Check if self-employed PTIN Firm’s EIN ▶ Phone no. Cat. No. 64383U Form 1066 (2018) Form 1066 (2018) Schedule J Page 2 Tax Computation Part I—Tax on Net Income From Prohibited Transactions 1 Income (see instructions) a Gain from certain dispositions of qualified mortgages . . . . . . . . . . . . . . . 1a b Income from nonpermitted assets . . . . . . . . . . . . . . . . . . . . . . 1b c . . . . . . . . . . . . . . . . . . . . . 1c d Gain from the disposition of cash flow investments (except from a qualified liquidation) . . . . 1d Compensation for services . . . Total income. Add lines 1a through 1d . . . . . . . . . . . . . . . . . . . . Deductions directly connected with the production of income shown on line 2 (excluding deductions attributable to prohibited transactions resulting in a loss) . . . . . . . . . . 2 Tax on net income from prohibited transactions. Subtract line 3 from line 2 . . 4 Net gain or (loss) from the sale or other disposition of foreclosure property described in section 1221(a)(1) (attach statement) . . . . . . . . . . . . . . . . . . . . . . . 5 6 Gross income from foreclosure property (attach statement) . . . . . . . . . . . . . 6 7 Total income from foreclosure property. Add lines 5 and 6 . . . . . . . . . . . . . . 7 8 Deductions directly connected with the production of income shown on line 7 (attach statement) . 8 9 Net income from foreclosure property. Subtract line 8 from line 7 2 3 4 . . . . . . 3 Part II—Tax on Net Income From Foreclosure Property (as defined in section 860G(a)(8)) (Caution: See instructions before completing this part.) 5 10 . . . . . . . . . . 9 Tax on net income from foreclosure property. Enter 21% (0.21) of line 9 . . . . . . . . . 10 . Part III—Tax on Contributions After the Startup Day (Don’t complete this part if the startup day was before July 1, 1987. See instructions.) 11 Tax. Enter amount of taxable contributions received during the calendar year after the startup day. See instructions (attach statement) . . . . . . . . . . . . . . . . . . . . 11 Part IV—Total Tax 12 Total tax. Add lines 4, 10, and 11. Enter here and on page 1, Section II, line 1 . . . . . . . 12 Form 1066 (2018) Form 1066 (2018) Page 3 Additional Information (see instructions) E F G What type of entity is this REMIC? Check box ▶ Corporation Partnership Trust Segregated Pool of Assets If you checked “Segregated Pool of Assets,” enter the name and type of entity that owns the assets: Name Type Number of residual interest holders in this REMIC ▶ Check this box if this REMIC has more than one residual interest holder and it is electing out of the centralized partnership audit regime under section 6221(b) . . . . . . . . . . . . . . . . ▶ Yes No If you check this box, you must attach Schedule B-2 (Form 1065). If you have more than one residual interest holder and you didn’t check this box, complete the Designation of Partnership Representative on page 4. H At any time during calendar year 2018, did the REMIC have a financial interest in or signature authority or other authority over any foreign financial account, including bank, securities, or other types of financial accounts in a foreign country? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I J K L If “Yes,” the REMIC may have to file FinCEN Form 114. See instructions. If “Yes,” enter name of foreign country ▶ During the tax year, did the REMIC receive a distribution from, or was it the grantor of, or transferor to, a foreign trust? If “Yes,” see instructions for other forms the REMIC may have to file . . . . . . . . . . . . . Enter the amount of tax-exempt interest accrued during the year ▶ Check this box if the REMIC had more than one class of regular interests . . . . . . . . . . . ▶ If so, attach a statement identifying the classes and principal amounts outstanding for each at the end of the year. Enter the sum of the daily accruals determined under section 860E(c) for the calendar year ▶ Schedule L 1 a Balance Sheets per Books Assets Permitted investments (see instructions): Cash flow investments . . . . . . (a) Beginning of year . . . . b Qualified reserve assets . . . . . . . . . . c Foreclosure property . . . . . . . . . . . 2 Qualified mortgages . . . . . . . . . . 3 Other assets (attach statement) . . . . . . . 4 Total assets . . . . . 5 . . . . . . . . . Liabilities and Capital Current liabilities (attach statement) . . . . . . 6 Other liabilities (attach statement) . . . . . . . 7 Regular interests in REMIC . . . . . . . 8 Residual interest holders’ capital accounts . . . . 9 Total liabilities and capital . . . Schedule M (a) Residual interest holders’ capital accounts at beginning of year . . . . . . . . . (b) End of year Reconciliation of Residual Interest Holders’ Capital Accounts (Show reconciliation of each residual interest holder’s capital account quarterly on Schedule Q (Form 1066), Item F.) (b) Capital contributed during year (c) Taxable income (or net loss) from Section I, line 15 (d) Nontaxable income (e) Unallowable deductions ( (g) Residual interest holders’ capital accounts at end of year (combine cols. (a) through (f)) (f) Withdrawals and distributions )( ) Form 1066 (2018) Form 1066 (2018) Page 4 Designation of Partnership Representative (see instructions) Enter below the information for the partnership representative (PR) for the calendar year of this return. ▲ ▲ U.S. taxpayer identification number of the designated individual ▲ ▲ U.S. phone number of designated individual ▲ U.S. address of designated individual U.S. phone number of PR ▲ If the PR is an entity, name of the designated individual for the PR U.S. taxpayer identification number of PR ▲ U.S. address of PR ▲ Name of PR Form 1066 (2018)
Extracted from PDF file 2018-federal-form-1066.pdf, last modified December 2018

More about the Federal Form 1066 Corporate Income Tax Tax Return TY 2018

We last updated the U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return in December 2018, so this is the latest version of Form 1066, fully updated for tax year 2018. You can download or print current or past-year PDFs of Form 1066 directly from TaxFormFinder. You can print other Federal tax forms here.

Related Federal Corporate Income Tax Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Federal Form 1066.

Form Code Form Name
1066 (Schedule Q) Quarterly Notice to Residual Interest Holder of REMIC Taxable Income or Net Loss Allocation

Download all  tax forms View all 775 Federal Income Tax Forms


Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 1066 from the Internal Revenue Service in December 2018.

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Form 1066 is a Federal Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Federal Form 1066

We have a total of eight past-year versions of Form 1066 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2018 Form 1066

2018 Form 1066

2017 Form 1066

2017 Form 1066

2016 Form 1066

2016 Form 1066

U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return 2015 Form 1066

2015 Form 1066

U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return 2014 Form 1066

2014 Form 1066

U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return 2013 Form 1066

2013 Form 1066

U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return 2012 Form 1066

2012 Form 1066

U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return 2011 Form 1066

2011 Form 1066


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