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Real Estate Mortgage Investment Conduit REMIC Income Tax Return for Calendar Year or Short Tax Year Beginning , 20 See Separate Form
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People also ask
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What is a short tax year?
A short tax year is a tax year of less than 12 months.
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What is a REMIC real estate mortgage investment conduit?
A real estate mortgage investment conduit (REMIC) is a special purpose vehicle that is used to pool mortgage loans and issue mortgage-backed securities.
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Is REMIC taxable income?
REMIC taxable income is determined in the same manner as that of an individual, except that it must use the accrual method of accounting and make the following adjustments: Regular interests in the REMIC are treated as debt. Market discount on any bond is included in gross income as the discount accrues.
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What is the first day you can submit tax returns for the previous year?
Most taxpayers get their refunds within 21 days, which means that people who file their taxes on January 29 — the earliest available day to file a return — should get their payments by February 19.
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