Instructions for Form 1120-REIT - Introductory Material

Table of Contents

Future Developments

For the latest information about developments related to Form 1120-REIT and its instructions, such as legislation enacted after they were published, go to www.irs.gov/form1120reit.

What's New

Form for Compensation of Officers.    For tax years beginning in 2012, REITs must complete Form 1125-E, Compensation of Officers, if it deducts an expense for compensation for officers and has total receipts of $500,000 or more. See the instructions for line 9.

Built-in gains.    For tax years beginning in 2012 or 2013, the recognition period for the built-in gains tax is a 5-year period. See the Built-in Gains Tax, later.

Photographs of Missing Children

The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs of missing children selected by the Center may appear in instructions on pages that would otherwise be blank. You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child.

Unresolved Tax Issues

The Taxpayer Advocate Service (TAS) is an independent organization within the IRS whose employees assist taxpayers who are experiencing economic harm, who are seeking help in resolving tax problems that have not been resolved through normal channels, or who believe that an IRS system or procedure is not working as it should. The service is free, confidential, tailored to meet your needs, and is available for businesses, as well as individuals.

The REIT can contact the TAS as follows.

  • Call the TAS toll-free line at 1-877-777-4778 to see if the REIT is eligible for assistance. Individuals who are deaf, hard of hearing, or have a speech disability and who have access to TTY/TDD equipment can call 1-800-829-4059.

  • Call or write the REIT's local taxpayer advocate, whose phone number and address are listed in the local telephone directory and in Pub. 1546, Taxpayer Advocate Service – Your Voice at the IRS.

  • File Form 911, Request for Taxpayer Advocate Assistance (And Application for Taxpayer Assistance Order), or ask an IRS employee to complete it on the REIT's behalf.

For more information, go to www.irs.gov/advocate.

How To Get Forms and Publications

Internet.   You can access the IRS website 24 hours a day, 7 days a week, at IRS.gov to:

  • Download forms, instructions, and publications;

  • Order IRS products online;

  • Research your tax questions online;

  • Search publications online by topic or keyword;

  • View Internal Revenue Bulletins (IRBs) published in recent years; and

  • Sign up to receive local and national tax news by email.

IRS Tax Products DVD.   You can order Publication 1796, IRS Tax Products DVD, and obtain the following.

  • Current year forms, instructions, and publications.

  • Prior year forms, instructions, and publications.

  • Internal Revenue Code - Title 26 of the U.S. Code.

  • Tax Map: an electronic research tool and finding aid.

  • Tax law frequently asked questions (FAQs).

  • Tax topics from the IRS telephone response system.

  • Fill-in, print and save features for most tax forms.

  • Internal Revenue Bulletins.

  • Toll-free and email technical support.

  • Two releases during the year. 
    — The first release will ship early in January. 
    — The final release will ship early in March.

  Buy the DVD from the National Technical Information Service (NTIS) at: www.irs.gov/cdorders for $30 (no handling fee) or call 1-877-233-6767 toll free to buy the DVD for $30 (plus a $6 handling fee).

By phone and in person.   You can order forms and publications by calling 1-800-TAX-FORM (1-800-829-3676). You can also get most forms and publications at your local IRS office.

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