UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-K

(Mark One)

[X]        ANNUAL REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES
EXCHANGE ACT OF 1934

       For the fiscal year ended:   December 31, 2005
                                    -----------------

                                                                  or

[ ]        TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR  15(d)  OF THE
SECURITIES EXCHANGE ACT OF 1934

        For the transition period from               to
                                        -------------    -------------

                      Commission file number: 333-117949-30
                                              -------------

                  CWALT, Inc., Alternative Loan Trust 2005-14,
               Mortgage Pass-Through Certificates, Series 2005-14
               --------------------------------------------------
             (Exact name of Registrant as specified in its charter)


              Delaware                                 87-0698307
------------------------------------       ------------------------------------
(State or other jurisdiction of            (I.R.S. Employer Identification No.)
incorporation or organization)

c/o Countrywide Home Loans Servicing LP
    4500 Park Granada
    Calabasas, California                                 91302
----------------------------------------    -----------------------------------
(Address of principal executive offices)                (Zip Code)

Registrant's telephone number, including area code:   (818) 225-3000
                                                      --------------

Securities registered pursuant to Section 12(b) of the Act:  None
                                                             ----

Securities registered pursuant to Section 12(g) of the Act:  None
                                                             ----



<PAGE>



      Indicate by check mark if the registrant is a well-known  seasoned issuer,
as defined in Rule 405 of the Securities Act. [ ] Yes [X] No

      Indicate by check mark if the  registrant  is not required to file reports
pursuant to Section 13 or Section 15(d) of the Act. [ ] Yes [X] No

      Indicate by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days. [X] Yes [ ] No

      Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K (ss.229.405 of this chapter) is not contained herein,  and
will not be  contained,  to the best of  registrant's  knowledge,  in definitive
proxy or information  statements  incorporated  by reference in Part III of this
Form 10-K or any amendment to this Form 10-K. [X]

      Indicate  by check mark  whether  the  registrant  is a large  accelerated
filer,  an accelerated  filer,  or a  non-accelerated  filer.  See definition of
"accelerated  filer and large  accelerated  filer" in Rule 12b-2 of the Exchange
Act. (Check one):

Large accelerated filer [  ]  Accelerated filer [ ]   Non-accelerated filer [X]

      Indicate  by check mark  whether  the  registrant  is a shell  company (as
defined in Rule 12b-2 of the Act). [ ] Yes [X] No

      State the  aggregate  market  value of the  voting and  non-voting  common
equity held by  non-affiliates  computed by  reference to the price at which the
common  equity was last sold,  or the average bid and asked price of such common
equity, as of the last business day of the registrant's most recently  completed
second fiscal quarter. Not applicable


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<PAGE>



                       DOCUMENTS INCORPORATED BY REFERENCE

                                      None.

                                     *  *  *


      This Annual  Report on Form 10-K (the  "Report")  is filed with respect to
the trust fund entitled Alternative Loan Trust 2005-14 (the "Trust Fund") formed
pursuant to the pooling and servicing  agreement  dated as of March 1, 2005 (the
"Pooling  and  Servicing  Agreement")  among  CWALT,  Inc.,  as  depositor  (the
"Company"), Countrywide Home Loans, Inc., as a seller (a "Seller"), Park Granada
LLC, as a seller (a "Seller"),  Park Sienna LLC, as a seller (a "Seller"),  Park
Monaco Inc., as a seller (a "Seller"),  Countrywide  Home Loans Servicing LP, as
master  servicer (the "Master  Servicer"),  and The Bank of New York, as trustee
(the  "Trustee"),  for  the  issuance  of  CWALT,  Inc.,  Mortgage  Pass-Through
Certificates, Series 2005-14 (the "Certificates"). Certain information otherwise
required to be included in this Report by the Instructions to Form 10-K has been
omitted in reliance on the relief granted by the  Commission to other  companies
in similar  circumstances,  in  particular,  the relief  granted in CWMBS,  Inc.
(February 3, 1994) (collectively, the "Relief Letters").



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<PAGE>



                                     PART I


Item 1.           Business.

                  Not applicable.  See the Relief Letters.

Item 1A.          Risk Factors.

                  Not applicable.

Item 1B.          Unresolved Staff Comments.

                  None.

Item 2.           Properties.

                  Not applicable.  See the Relief Letters.

Item 3.           Legal Proceedings.

                  There were no material pending legal proceedings relating to
                  the Trust Fund to which any of the Trust Fund, the Trustee,
                  the Master Servicer or the Company was a party or of which any
                  of their respective properties was the subject during the
                  fiscal year covered by this Report other than ordinary routine
                  litigation incidental to the duties of the Trust Fund, the
                  Trustee, the Master Servicer or the Company, nor is the
                  Company aware of any such proceedings contemplated by
                  governmental authorities.

Item 4.           Submission of Matters to a Vote of Security Holders.

                  No matter was submitted to a vote of Certificateholders, and
                  no Certificateholder consent was solicited during the fiscal
                  year covered by this Report.



                                       4
<PAGE>



                                     PART II


Item 5.           Market for Registrant's Common Equity, Related Stockholder
                  Matters and Issuer Purchases of Equity Securities.

                  (a)   Item 201 of Regulation S-K:

                        i.    Market Information. There is no established public
                              trading market for the Certificates.

                        ii.   Holders.  As of December  31, 2005 there were less
                              than 300  holders  of record of the  Certificates.

                        iii.  Dividends. Not applicable. See the Relief Letters.
                              (Information     as    to     distributions     to
                              Certificateholders is provided in the Registrant's
                              monthly filings on Form 8-K.)

                        iv.   Securities  Authorized  for Issuance  Under Equity
                              Compensation Plans. Not applicable.

                        Item 701 of Regulation S-K. Not applicable.


                  (b)   Rule 463 of the Securities Act of 1933. Not applicable.

                  (c)   Item  703  of  Regulation  S-K.  Not  applicable  as the
                        Registrant has no class of equity securities  registered
                        pursuant to section 12 of the Securities Exchange Act of
                        1934.

Item 6.           Selected Financial Data.

                  Not applicable.  See the Relief Letters.

Item 7.           Management's Discussion and Analysis of Financial Condition
                  and Results of Operation.

                  Not applicable.  See the Relief Letters.

Item 7A           Quantitative and Qualitative Disclosures about Market Risk.

                  Not applicable.

Item 8.           Financial Statements and Supplementary Data.

                  Not applicable.  See the Relief Letters.


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<PAGE>


Item 9.           Changes in and Disagreements With Accountants on Accounting
                  and Financial Disclosure.

                  None.

Item 9A.          Controls and Procedures.

                  Not applicable.

Item 9B.          Other Information.

                  None.


                                       6
<PAGE>



                                    PART III


Item 10.          Directors and Executive Officers of the Registrant.

                  Not applicable.  See the Relief Letters.

Item 11.          Executive Compensation.

                  Not applicable.  See the Relief Letters.

Item 12.          Security Ownership of Certain Beneficial Owners, Management
                  and Related Stockholder Matters.

                  Information  required by Item 201(d) of  Regulation  S-K:  Not
                  applicable.

                  Information required by Item 403 of Regulation S-K:

                  (a) Not applicable. See the Relief Letters.

                  (b) Not applicable. See the Relief Letters.

                  (c) Not applicable. See the Relief Letters.

Item 13.          Certain Relationships and Related Transactions.

                  Not applicable.  See the Relief Letters.

Item 14.          Principal Accounting Fees and Services.

                  Not applicable.


                                       7
<PAGE>



                                     PART IV


Item 15.          Exhibits and Financial Statement Schedules.

                  (a)   (1)   Pursuant  to  the   Pooling  and   Servicing
                              Agreement,  the Master Servicer is required (i) to
                              deliver an annual  statement as to compliance with
                              the   provisions  of  the  Pooling  and  Servicing
                              Agreement  and certain  other matters (the "Annual
                              Statement  of the  Master  Servicer")  and (ii) to
                              cause a firm of independent  public accountants to
                              deliver an annual report as to compliance with the
                              servicing  provisions of the Pooling and Servicing
                              Agreement  (the  "Annual  Report  of the  Firm  of
                              Accountants").  The Annual Statement of the Master
                              Servicer  is  attached  as  Exhibit  99.1  to this
                              Report.   The   Annual   Report  of  the  Firm  of
                              Accountants  is attached  as Exhibit  99.2 to this
                              Report. See Relief Letters.

                        (2)   Not applicable.

                        (3)   The required exhibits are as follows:

                              o    Exhibit 3(i): Copy of Company's
                                   Certificate of Incorporation (Filed as
                                   an Exhibit to Registration Statement on
                                   Form S-3 (File No. 333-110343)).

                              o    Exhibit 3(ii): Copy of Company's
                                   By-laws (Filed as an Exhibit to
                                   Registration Statement on Form S-3
                                   (File No. 333-110343)).

                              o    Exhibit 4: Pooling and Servicing
                                   Agreement (Filed as part of the
                                   Registrant's Current Report on Form 8-K
                                   filed on June 14, 2005).

                              o    Exhibit 31:  Rule 15d-14(a) Certification.

                              o    Exhibit 99.1:  Annual Statement of the
                                   Master Servicer.

                              o    Exhibit 99.2:  Annual Report of the Firm of
                                   Accountants.

                  (b)   See subparagraph (a)(3) above.

                  (c)   Not applicable. See the Relief Letters.





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<PAGE>



                                   SIGNATURES

      Pursuant  to the  requirements  of Section  13 or 15(d) of the  Securities
Exchange Act of 1934, the Registrant has duly caused this Report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                                 CWALT, INC.,
                                 ALTERNATIVE LOAN TRUST 2005-14, MORTGAGE
                                 PASS-THROUGH CERTIFICATES, SERIES 2005-14

                                 By:    Countrywide Home Loans Servicing LP,
                                        as Master Servicer*

                                 By:    Countrywide GP, Inc.


                                 By:    /s/ Craig Baingo
                                        -----------------------------
                                        Name: Craig Baingo
                                        Title:    Executive Vice President

                                        Date:  March 27, 2006

-----------------

*     This Report is being  filed by the Master  Servicer on behalf of the Trust
      Fund. The Trust Fund does not have any officers or directors.



                                       9
<PAGE>



      SUPPLEMENTAL  INFORMATION  TO BE FURNISHED  WITH REPORTS FILED PURSUANT TO
SECTION 15(d) OF THE ACT BY  REGISTRANTS  WHICH HAVE NOT  REGISTERED  SECURITIES
PURSUANT TO SECTION 12 OF THE ACT.

      No such annual report, proxy statement,  form of proxy or other soliciting
material  has  been,  or will be,  sent to  Certificateholders.  See the  Relief
Letters.




                                       10
<PAGE>



                                  EXHIBIT INDEX



Exhibit              Document


3(i)              Company's Certificate of Incorporation (Filed as an Exhibit
                  to Registration Statement on Form S-3 (File No. 333-110343))*

3(ii)             Company's By-laws (Filed as an Exhibit to Registration
                  Statement on Form S-3 (File No. 333-110343)*

4                 Pooling and Servicing Agreement (Filed as part of the
                  Company's Current Report on Form 8-K filed on June 14, 2005)*

31                Rule 15d-14(a) Certification

99.1              Annual Statement of the Master Servicer

99.2              Annual Report of the Firm of Accountants




-------------
*     Incorporated herein by reference.

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