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April 10, 2024 — 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.

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).

Publication 5886-B, Clean Energy Efficiency Incentives and Residential Real Estate Properties for housing developers, building owners and resident landlords

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

Information about Form 8811, Information Return for Real Estate Mortgage Investment Conduits (REMICs) and Issuers of Collateralized Debt Obligations, including recent updates, related forms and instructions on how to file. REMICs and issuers of collateralized debt obligations (CDO) use this form to provide information required by Regulations section 1.6049-7(b)(1)(ii).

July 19, 2023 — Zhang Li, founder and chief executive officer of a Chinese real estate development company appeared last night in U.S. District Court on charges that he bribed former head of the San Francisco Department of Public Works Mohammed Nuru, announced First Assistant United States Attorney Patrick Robbins, Internal Revenue Service Criminal Investigation (CI) Special Agent in Charge Darren Lian, and Federal Bureau of Investigation Special Agent in Charge Robert K. Tripp. A U.S. company that Zhang controls, Z&L Properties, Inc., was also charged with honest services wire fraud for providing bribes and gifts to Nuru in exchange for favorable city treatment of Z&L Properties’ mixed-use project at 555 Fulton Street in San Francisco, Calif. As part of a negotiated disposition both Zhang and Z&L Properties will waive the right to indictment and admit that they engaged in certain conduct.

August 5, 2022 — James Thomas Bramlette, of Salt Lake City, Utah, was sentenced to more than five years in federal prisons after pleading guilty to wire and tax fraud.

Corporation, trusts, and associations electing to be treated as Real Estate Investment Trusts file Form 1120-REIT, U.S. Income Tax Return for Real Estate Investment Trusts, to report their income, gains, losses, deductions, credits, certain penalties and income tax liability.

File Form 1066 to report the income, deductions, and gains and losses from the operation of a REMIC. In addition, the form is filed by the REMIC to report and pay the taxes on net income from prohibited transactions, net income from foreclosure property, and contributions after the startup day.

Dec. 17, 2024 — A federal judge in Chicago has sentenced a real estate developer to nearly 13 years in prison for participating in a conspiracy that embezzled millions of dollars from the failed Washington Federal Bank for Savings in Chicago.