Tennessee Free Printable Financial Institution Franchise Excise Tax Captive REIT Disclosure Form for 2017 Tennessee Captive REIT Disclosure Form

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Captive REIT Disclosure Form
Financial Institution Franchise Excise Tax Captive REIT Disclosure Form

TENNESSEE DEPARTMENT OF REVENUE FINANCIAL INSTITUTION FRANCHISE AND EXCISE TAX CAPTIVE REIT DISCLOSURE FORM TAXABLE YEAR TAXPAYER NAME ACCOUNT NO. or FEIN Has taxpayer requested and received a letter ruling from the Department of Revenue regarding Captive REIT(s) disclosed on this form? Yes  No  Complete a REIT Disclosure below for each captive REIT from which the taxpayer received dividends, directly or indirectly, during the taxable year. Attach additional forms as needed. 1. REIT Disclosure Name of REIT: FEIN: Location Address: City, State, Zip: Amount of Dividend Received: REIT’s principal business activity: Describe the taxpayer’s relationship to the captive REIT. Attach an organizational chart to show the REIT’s ownership. 2. REIT Disclosure Name of REIT: FEIN: Location Address: City, State, Zip: Amount of Dividend Received: REIT’s principal business activity: Describe the taxpayer’s relationship to the captive REIT. Attach an organizational chart to show the REIT’s ownership. 3. REIT Disclosure Name of REIT: FEIN: Location Address: City, State, Zip: Amount of Dividend Received: REIT’s principal business activity: Describe the taxpayer’s relationship to the captive REIT. Attach an organizational chart to show the REIT’s ownership. This form must be completed and filed with your Franchise and Excise Financial Institution Tax Return (Form FAE 174) for tax years beginning on or after January 1, 2008, in order to comply with the disclosure requirements of Tenn. Code Ann. § 67-4-2006(e). RV-F1320201 INTERNET (01-13) Franchise and Excise Financial Institution Return Instructions to Captive REIT Disclosure Form GENERAL INSTRUCTIONS SPECIFIC INSTRUCTIONS Purpose of Form Public Chapter 1106 (2008) amended Tenn. Code Ann. § 67-4-2006(e) to require financial institutions to disclose dividends received from captive REITs for tax years beginning on or after January 1, 2008. Taxable Year Enter the taxable period shown on the Franchise and Excise Financial Institution Tax Return. “Captive real estate investment trust” or “captive REIT” means an entity with an election in effect under § 856(c)(1) of the Internal Revenue Code, compiled in 26 U.S.C. § 856(c)(1), in which the taxpayer, directly or indirectly, has at least eighty percent (80%) ownership interest by value determined in accordance with generally accepted accounting principles and whose shares are not traded on a national stock exchange (Tenn. Code Ann. § 67-4-2004). Who Must File Any financial institution that receives dividends, directly or indirectly, from one or more captive REITs must complete this form. When to File The Captive REIT Disclosure Form must be filed with the Franchise and Excise Financial Institution Tax Return (Form FAE 174). The tax return is due on the 15th day of the 4th month following the close of the taxable year. Failure to File the Disclosure Form Failure to file the required disclosure form will result in the disallowance of the dividends received deduction provided in Tenn. Code Ann. § 67-42006(b)(2)(A) with respect to any direct or indirect dividends received from a captive REIT. Penalty for Failure to Disclose Failure to disclose the captive REIT dividend will result in a fifty percent (50%) penalty on the amount of any underpayment arising from the disallowance of the eighty percent (80%) owned dividend received deduction. Taxpayer Name Enter the legal name of the taxpayer. Account No. or FEIN Enter the taxpayer’s franchise and excise tax ninedigit account number or the federal employer identification number. Letter Ruling Requested Check the appropriate box to indicate whether or not the taxpayer has requested and received a binding letter ruling, in accordance with Tenn. Code Ann. § 67-1-109, pertaining to the Captive REIT(s) disclosed on this form. REIT Disclosure Complete a REIT Disclosure section for each captive REIT from which the taxpayer received dividends, directly or indirectly, during the taxable year. Attach additional forms as needed. Enter the legal name, address and FEIN of the REIT on the appropriate lines. Use the address of the REIT’s principal office or place of business. Amount of Dividend Received Enter the amount of dividends received, directly or indirectly from the captive REIT. REIT’s Principal Business Activity Provide a complete description of the captive REIT’s principal business activity. Taxpayer’s Relationship to the Captive REIT Provide a complete description of the relationship between the taxpayer and the captive REIT. If the captive REIT is indirectly owned, show the ownership from the REIT to the taxpayer. Attach an organizational chart to show the REIT’s ownership.
Extracted from PDF file 2016-tennessee-form-fae-reitdisc.pdf, last modified January 2013

More about the Tennessee Form FAE-ReitDisc Corporate Income Tax TY 2016

We last updated the Captive REIT Disclosure Form in May 2017, so this is the latest version of Form FAE-ReitDisc, fully updated for tax year 2016. You can download or print current or past-year PDFs of Form FAE-ReitDisc directly from TaxFormFinder. You can print other Tennessee tax forms here.


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Other Tennessee Corporate Income Tax Forms:

TaxFormFinder has an additional 65 Tennessee income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form INC-250 Individual Income Tax Return Kit
Form FAE-170 Franchise and Excise Tax Return Kit
Form FAE-183 Franchise and Excise Tax Annual Exemption Renewal
Form FAE-Qtax Quarterly Franchise, Excise Tax Declaration
FAE-Schd-170NC Consolidated Apportionment Schedule

Download all TN tax forms View all 66 Tennessee Income Tax Forms


Form Sources:

Tennessee usually releases forms for the current tax year between January and April. We last updated Tennessee Form FAE-ReitDisc from the Department of Revenue in May 2017.

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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 Tennessee Form FAE-ReitDisc

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


2016 Form FAE-ReitDisc

Financial Institution Franchise Excise Tax Captive REIT Disclosure Form

2015 Form FAE-ReitDisc

Financial Institution Franchise Excise Tax Captive REIT Disclosure Form

Financial Institution Franchise Excise Tax Captive REIT Disclosure Form 2012 Form FAE-ReitDisc

Financial Institution Franchise Excise Tax Captive REIT Disclosure Form


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