Form 8811 must be filed by REMICs and issuers of CDOs for the purpose of providing information, including the CUSIP number, and to publish the information in Pub. 938. Form 8811 must be filed no later than 30 days after the startup day of the REMIC or issue date of the CDO.
What is Form 8811?
Form 8811 is filed by entities that elect to be treated as a REMIC and by issuers of CDOs no later than 30 days after the REMIC’s startup day or the CDO’s issue date. If the REMIC or issuer of a CDO changes any of the information, they must file a new Form 8811 with the word “AMENDED” across the top of the form. If the REMIC or issuer ceases to have interests outstanding, they must file a copy of the original Form 8811 with the word “VOID” written across the form. The information on the form is then published in a directory, Pub. 938, which is only available on the Internet. Signatures are required upon filing, and differ depending on whether the REMIC or issuer of a CDO has a startup day before or after November 10, 1988.
IRS Form 8811 – Who Needs to Fill It Out?
IRS Form 8811 needs to be completed by entities electing to be treated as a Real Estate Mortgage Investment Conduit (REMIC) or by issuers of Collaterized Debt Obligations (CDOs). They must submit the form no later than 30 days after the REMIC startup date or the CDO issue date. If any information must be changed, the IRS must be notified within 30 days – either by writing “AMENDED” across the top of the form or by filing a separate statement. In order to cease having interest outstanding, a copy of the form must be sent to the IRS with “VOID” across the top. The information from lines 1 and 3-8 of the form will be published in Pub. 938.
Step-by-Step: Form 8811 Instructions For Filling Out the Document
Form 8811 must be filed by entities that elect to be treated as a REMIC and by issuers of CDOs. It must be filed no later than 30 days after the startup day of the REMIC or issue date of the CDO. Any changes or voided issues should be reported with an amended Form 8811, a copy of the original, and a separate statement if required. This form must be signed by a person that could sign the return of the involved entity or fiduciary. Line 3 and 6 should include an address for the REMIC or issuer of CDO while line 6 may also include a website address. Line 7 should include the assigned CUSIP number. Lines 9-11 are for contact information for the representative to be contacted by the IRS and do not appear in Pub. 938. Pub. 938 is available on IRS.gov. Send the completed form to the Department of the Treasury. This form is subject to the Paperwork Reduction Act and the information provided may be confidential. The average time to complete and file this form is dependent of individual circumstances.
Below, we present a table that will help you understand how to fill out Form 8811.
|Information Required for Form 8811||Details|
|Filing Deadline||Within 30 days of REMIC startup or CDO issue date|
|Reporting Changes||Amend Form 8811 for changes or voided issues|
|Signature||Must be signed by a qualified person|
|Address||Include REMIC or CDO address|
|Website||Include website address (if applicable)|
|CUSIP Number||Provide the assigned CUSIP number|
|Contact Information||Include contact details for IRS communication|
|Submission||Send the completed form to the Department of the Treasury|
Do You Need to File Form 8811 Each Year?
Yes, entities that elect to be treated as a REMIC and by issuers of CDOs must file Form 8811 no later than 30 days after the startup day of the REMIC or issue date of the CDO. Also, a new Form 8811 must be filed within 30 days after any changes in the information previously provided or if the REMIC or another issuer ceases to have interests outstanding. Pub. 938 is available online at IRS.gov and the information provided on lines 1 and 3-8 will be published in it. Individual signatures are required and depend on the startup day of the REMIC or issuer of the CDO.
Download the official IRS Form 8811 PDF
On the official IRS website, you will find a link to download Form 8811. However, to make it easier for you, we are providing the link in our article, which comes directly from the official irs.gov website! Click to download: Form 8811