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December 21, 2023 ¡ª An executive at a San Luis Obispo-based real estate development company who was previously charged with paying a county supervisor nearly $100,000 in bribes has been named in a superseding indictment that alleges a scheme to defraud investors in a Texas real estate project, the Justice Department announced today.

April 10, 2024 ¡ª Today, an eight-count indictment was unsealed, charging Matthew Alan Stacy of Blanchard, Chong Iu Phu and Chanh Iu Phu both of Edmond, for their roles in facilitating the black-market marijuana industry in Oklahoma, announced U.S. Attorney Robert J. Troester.

Insights into types of nontaxable and treaty-sourced income distributions; the treatment of income derived from allotted land; and the tax implications of income derived from land that has been removed from trust.

Information about Form 1066, U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return, including recent updates, related forms and instructions on how to file. An entity files this form to report the income, deductions, and gains and losses from the operation of a real estate mortgage investment conduit (REMIC).

Rental Real Estate Income and Expenses of a Partnership or an S Corporation

The executor of a decedent's estate uses Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return, to figure the estate tax imposed by chapter 11 of the Internal Revenue Code.

File Form 1099-S, Proceeds from Real Estate Transactions (Info Copy Only), to report the sale or exchange of real estate.

A fiduciary and an electronic return originator (ERO) use Form 8879-F, IRS e-file Signature Authorization for Form 1041, when the fiduciary wants to use a personal identification number (PIN) to electronically sign an estate¡¯s or trust¡¯s electronic income tax return and, if applicable, consent to electronic funds withdrawal.

Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner, is the annual information return of a foreign trust with at least one U.S. owner. The form provides information about the foreign trust, its U.S. beneficiaries, and any U.S. person who is treated as an owner of any portion of the foreign trust under the grantor trust rules (sections 671 through 679).

Publication 6109 is written for IRS staff use, primarily for Revenue Agents assigned to Exempt Organizations Determinations and Exempt Organizations Examinations. However, Revenue Agents assigned to other Business Operating Divisions (BODs) will use the product as well. This document will also be useful to tax-exempt organizations and practitioners.