Federal Free Printable 2016 Schedule M-3 (Form 1065) for 2017 Federal Net Income (Loss) Reconciliation for Certain Partnerships

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Net Income (Loss) Reconciliation for Certain Partnerships
2016 Schedule M-3 (Form 1065)

SCHEDULE M-3 (Form 1065) Net Income (Loss) Reconciliation for Certain Partnerships OMB No. 1545-0123 2016 Attach to Form 1065 or Form 1065-B. Department of the Treasury ▶ Information about Schedule M-3 (Form 1065) and its instructions is at www.irs.gov/form1065. Internal Revenue Service Employer identification number Name of partnership ▶ This Schedule M-3 is being filed because (check all that apply): The amount of the partnership’s total assets at the end of the tax year is equal to $10 million or more. A B The amount of the partnership’s adjusted total assets for the tax year is equal to $10 million or more. If box B is checked, . enter the amount of adjusted total assets for the tax year C The amount of total receipts for the tax year is equal to $35 million or more. If box C is checked, enter the total receipts for . the tax year D An entity that is a reportable entity partner with respect to the partnership owns or is deemed to own an interest of 50 percent or more in the partnership’s capital, profit, or loss, on any day during the tax year of the partnership. Name of Reportable Entity Partner Identifying Number Maximum Percentage Owned or Deemed Owned E Voluntary Filer. Part I 1a b c 2 3a b 4a b 5a b 6a b 7a b 8 9 10 11 12 a b c d Financial Information and Net Income (Loss) Reconciliation Did the partnership file SEC Form 10-K for its income statement period ending with or within this tax year? Yes. Skip lines 1b and 1c and complete lines 2 through 11 with respect to that SEC Form 10-K. No. Go to line 1b. See instructions if multiple non-tax-basis income statements are prepared. Did the partnership prepare a certified audited non-tax-basis income statement for that period? Yes. Skip line 1c and complete lines 2 through 11 with respect to that income statement. No. Go to line 1c. Did the partnership prepare a non-tax-basis income statement for that period? Yes. Complete lines 2 through 11 with respect to that income statement. No. Skip lines 2 through 3b and enter the partnership’s net income (loss) per its books and records on line 4a. / / Ending / / Enter the income statement period: Beginning Has the partnership’s income statement been restated for the income statement period on line 2? Yes. (If “Yes,” attach a statement and the amount of each item restated.) No. Has the partnership’s income statement been restated for any of the five income statement periods immediately preceding the period on line 2? Yes. (If “Yes,” attach a statement and the amount of each item restated.) No. Worldwide consolidated net income (loss) from income statement source identified in Part I, line 1 4a Indicate accounting standard used for line 4a (see instructions): GAAP 2 IFRS 3 704(b) 1 Other: (Specify) ▶ 4 Tax-basis 5 ) Net income from nonincludible foreign entities (attach statement) . . . . . . . . . . . . 5a ( Net loss from nonincludible foreign entities (attach statement and enter as a positive amount) . . . 5b ) Net income from nonincludible U.S. entities (attach statement) . . . . . . . . . . . . . 6a ( Net loss from nonincludible U.S. entities (attach statement and enter as a positive amount) . . . . 6b Net income (loss) of other foreign disregarded entities (attach statement) . . . . . . . . . . 7a Net income (loss) of other U.S. disregarded entities (attach statement) . . . . . . . . . . . 7b Adjustment to eliminations of transactions between includible entities and nonincludible entities (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Adjustment to reconcile income statement period to tax year (attach statement) . . . . . . . 9 Other adjustments to reconcile to amount on line 11 (attach statement) . . . . . . . . . . 10 Net income (loss) per income statement of the partnership. Combine lines 4a through 10 . . . 11 Note: Part I, line 11, must equal Part II, line 26, column (a) or Schedule M-1, line 1 (see instructions). Enter the total amount (not just the partnership’s share) of the assets and liabilities of all entities included or removed on the following lines: Total Assets Total Liabilities Included on Part I, line 4 Removed on Part I, line 5 Removed on Part I, line 6 Included on Part I, line 7 For Paperwork Reduction Act Notice, see the Instructions for your return. Cat. No. 39669D Schedule M-3 (Form 1065) 2016 Schedule M-3 (Form 1065) 2016 Page Employer identification number Name of partnership Part II 2 Reconciliation of Net Income (Loss) per Income Statement of Partnership With Income (Loss) per Return (a) Income (Loss) per Income Statement Income (Loss) Items (b) Temporary Difference (c) Permanent Difference (d) Income (Loss) per Tax Return (Attach statements for lines 1 through 10) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Income (loss) from equity method foreign corporations 21a Income statement gain/loss on sale, exchange, abandonment, worthlessness, or other disposition of assets other than inventory and pass-through entities . Gross foreign dividends not previously taxed . . Subpart F, QEF, and similar income inclusions . Gross foreign distributions previously taxed . . Income (loss) from equity method U.S. corporations U.S. dividends . . . . . . . . . . . . Income (loss) from U.S. partnerships . . . . . Income (loss) from foreign partnerships . . . . Income (loss) from other pass-through entities . Items relating to reportable transactions . . . . Interest income (see instructions) . . . . . . Total accrual to cash adjustment . . . . . . Hedging transactions . . . . . . . . . . Mark-to-market income (loss) . . . . . . . Cost of goods sold (see instructions) . . . . . Sale versus lease (for sellers and/or lessors) . . Section 481(a) adjustments . . . . . . . . Unearned/deferred revenue . . . . . . . . Income recognition from long-term contracts . . Original issue discount and other imputed interest . . . . . . . . . . . . . . . . . . ( ) ( ) b Gross capital gains from Schedule D, excluding amounts from pass-through entities . . . . . . c Gross capital losses from Schedule D, excluding amounts from pass-through entities, abandonment losses, and worthless stock losses . . . . . . d Net gain/loss reported on Form 4797, line 17, excluding amounts from pass-through entities, abandonment losses, and worthless stock losses . e Abandonment losses . . . . . . . . . . . f Worthless stock losses (attach statement) . . . . g Other gain/loss on disposition of assets other than inventory 22 Other income (loss) items with differences (attach statement) Total income (loss) items. Combine lines 1 through 23 22 . . . . . . . . . . . . . . . . . Total expense/deduction items. (From Part III, line 24 31) (see instructions) . . . . . . . . . . . 25 Other items with no differences . . . . . . . 26 Reconciliation totals. Combine lines 23 through 25 Note: Line 26, column (a), must equal Part I, line 11, and column (d) must equal Form 1065, Analysis of Net Income (Loss), line 1. Schedule M-3 (Form 1065) 2016 Schedule M-3 (Form 1065) 2016 Page Employer identification number Name of partnership Part III 3 Reconciliation of Net Income (Loss) per Income Statement of Partnership With Income (Loss) per Return—Expense/Deduction Items Expense/Deduction Items (a) Expense per Income Statement (b) Temporary Difference (c) Permanent Difference (d) Deduction per Tax Return 1 2 3 State and local current income tax expense . . . State and local deferred income tax expense . . . Foreign current income tax expense (other than foreign withholding taxes) . . . . . . . . . 4 Foreign deferred income tax expense . . . . . 5 Equity-based compensation . . . . . . . . 6 Meals and entertainment . . . . . . . . . . 7 Fines and penalties . . . . . . . . . . . 8 Judgments, damages, awards, and similar costs . . 9 Guaranteed payments . . . . . . . . . . 10 Pension and profit-sharing . . . . . . . . . 11 Other post-retirement benefits . . . . . . . . 12 Deferred compensation . . . . . . . . . . 13 Charitable contribution of cash and tangible property . . . . . . . . . . . . . . . 14 Charitable contribution of intangible property . . . 15 Organizational expenses as per Regulations section 1.709-2(a) . . . . . . . . . . . . 16 Syndication expenses as per Regulations section 1.709-2(b) . . . . . . . . . . . . 17 Current year acquisition/reorganization investment banking fees . . . . . . . . . . . . . . 18 Current year acquisition/reorganization legal and accounting fees . . . . . . . . . . . . . 19 Amortization/impairment of goodwill . . . . . . 20 Amortization of acquisition, reorganization, and start-up costs . . . . . . . . . . . . . 21 Other amortization or impairment write-offs . . . 22 Reserved . . . . . . . . . . . . . . . 23a Depletion—Oil & Gas . . . . . . . . . . . b Depletion—Other than Oil & Gas . . . . . . . 24 Intangible drilling & development costs . . . . . 25 Depreciation . . . . . . . . . . . . . . 26 Bad debt expense . . . . . . . . . . . . 27 Interest expense (see instructions) . . . . . . 28 Purchase versus lease (for purchasers and/ or lessees) . . . . . . . . . . . . . 29 Research and development costs . . . . . . . 30 Other expense/deduction items with differences (attach statement) . . . . . . . . . . . . 31 Total expense/deduction items. Combine lines 1 through 30. Enter here and on Part II, line 24, reporting positive amounts as negative and negative amounts as positive . . . . . . . . . . . Schedule M-3 (Form 1065) 2016
Extracted from PDF file 2016-federal-1065-schedule-m-3.pdf, last modified December 2016

More about the Federal 1065 (Schedule M-3) Corporate Income Tax TY 2016

We last updated the Net Income (Loss) Reconciliation for Certain Partnerships in May 2017, so this is the latest version of 1065 (Schedule M-3), fully updated for tax year 2016. You can download or print current or past-year PDFs of 1065 (Schedule M-3) directly from TaxFormFinder. You can print other Federal tax forms here.

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Form 941 Employer's Quarterly Federal Tax Return
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Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal 1065 (Schedule M-3) from the Internal Revenue Service in May 2017.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Federal 1065 (Schedule M-3)

We have a total of six past-year versions of 1065 (Schedule M-3) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 1065 (Schedule M-3)

2016 Schedule M-3 (Form 1065)

Net Income (Loss) Reconciliation for Certain Partnerships 2015 1065 (Schedule M-3)

2015 Schedule M-3 (Form 1065)

Net Income (Loss) Reconciliation for Certain Partnerships 2014 1065 (Schedule M-3)

2014 Schedule M-3 (Form 1065)

Net Income (Loss) Reconciliation for Certain Partnerships 2013 1065 (Schedule M-3)

2013 Schedule M-3 (Form 1065)

Net Income (Loss) Reconciliation for Certain Partnerships 2012 1065 (Schedule M-3)

2012 Schedule M-3 (Form 1065)

Net Income (Loss) Reconciliation for Certain Partnerships 2011 1065 (Schedule M-3)

2011 Form 1065 (Schedule M-3)


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