NAREIT Comments to IRS on Forms 1120-REIT and 8875

NAREIT submitted recommendations to the IRS on July 25 in response to a request for comments on reducing the taxpayer burden related to Forms 1120-REIT and 8875.

Form 1120-REIT is the U.S. income tax return for REITs. Form 8875 is the Taxable REIT Subsidiary election form.

NAREIT commented that its suggestions would improve “the quality, utility and clarity” of the information collected by the forms in a way that would minimize the burden on respondents.

(Contact: Dara Bernstein at dbernstein@nareit.com)