Federal Free Printable 2016 Form 1120-L (Schedule M-3) for 2017 Federal Net Income (Loss) Reconcilliation for U.S. Life Insurance Companies With Total Assets of $10 Million or More

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Net Income (Loss) Reconcilliation for U.S. Life Insurance Companies With Total Assets of $10 Million or More
2016 Form 1120-L (Schedule M-3)

SCHEDULE M-3 (Form 1120-L) Net Income (Loss) Reconciliation for U.S. Life Insurance Companies With Total Assets of $10 Million or More OMB No. 1545-0123 2016 Attach to Form 1120-L. Department of the Treasury ▶ Information about Schedule M-3 (Form 1120-L) and its separate instructions is at www.irs.gov/form1120l. Internal Revenue Service Name of corporation (common parent, if consolidated return) Employer identification number ▶ (1) (3) Check applicable box(es): Part I Non-consolidated return Mixed 1120/L/PC group (2) (4) Consolidated return (Form 1120-L only) Dormant subsidiaries schedule attached Financial Information and Net Income (Loss) Reconciliation (see instructions) 1a Did the corporation 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 2a 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. b Did the corporation prepare a certified audited non-tax-basis income statement for that period? Yes. Skip line 1c and complete lines 2a through 11 with respect to that income statement. No. Go to line 1c. c Did the corporation prepare a non-tax-basis income statement for that period? Yes. Complete lines 2a through 11 with respect to that income statement. No. Skip lines 2a through 3c and enter the corporation’s net income (loss) per its books and records on line 4a. Beginning Ending 2a Enter the income statement period: b Has the corporation’s income statement been restated for the income statement period on line 2a? Yes. (If “Yes,” attach an explanation and the amount of each item restated.) No. c Has the corporation’s income statement been restated for any of the five income statement periods preceding the period on line 2a? Yes. (If “Yes,” attach an explanation and the amount of each item restated.) No. 3a Is any of the corporation’s voting common stock publicly traded? Yes. No. If “No,” go to line 4a. b Enter the symbol of the corporation’s primary U.S. publicly traded voting common stock c Enter the nine-digit CUSIP number of the corporation’s primary publicly traded voting common stock . . . . . . . . . . . . . . . . . . . . . . . 4a Worldwide consolidated net income (loss) from income statement source identified in Part I, line 1 . 4a b Indicate accounting standard used for line 4a (see instructions): (1) (3) (4) GAAP (2) IFRS Statutory Other (specify) 5a Net income from nonincludible foreign entities (attach statement) . . . . . . . . . . . . 5a ( ) b Net loss from nonincludible foreign entities (attach statement and enter as a positive amount) . . . 5b 6a Net income from nonincludible U.S. entities (attach statement) . . . . . . . . . . . . . 6a ( ) b Net loss from nonincludible U.S. entities (attach statement and enter as a positive amount) . . . . 6b 7a Net income (loss) of other includible foreign disregarded entities (attach statement) . . . . . . 7a b Net income (loss) of other includible U.S. disregarded entities (attach statement) . . . . . . . 7b c Net income (loss) of other includible corporations (attach statement) . . . . . . . . . . . 7c 8 Adjustment to eliminations of transactions between includible entities and nonincludible entities (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Adjustment to reconcile income statement period to tax year (attach statement) . . . . . . . 9 10a Intercompany dividend adjustments to reconcile to line 11 (attach statement) . . . . . . . . 10a b Other statutory accounting adjustments to reconcile to line 11 (attach statement) . . . . . . . 10b c Other adjustments to reconcile to amount on line 11 (attach statement) . . . . . . . . . . 10c 11 Net income (loss) per income statement of includible corporations. Combine lines 4a through 10c 11 Note: Part I, line 11, must equal the amount on Part II, line 30, column (a). 12 Enter the total amount (not just the corporation’s share) of the assets and liabilities of all entities included or removed on the following lines. Total Assets a b c d Included on Part I, line 4 . Removed on Part I, line 5 Removed on Part I, line 6 Included on Part I, line 7 . . . . . . . . . . . . . Total Liabilities ▶ ▶ ▶ ▶ For Paperwork Reduction Act Notice, see the Instructions for Form 1120-L. Cat. No. 39668S Schedule M-3 (Form 1120-L) 2016 Page 2 Schedule M-3 (Form 1120-L) 2016 Name of corporation (common parent, if consolidated return) Check applicable box(es): Check if a sub-consolidated: (1) (6) Consolidated group 1120-L group (7) (2) Employer identification number Parent corp (3) Consolidated eliminations (4) 13 14 15 16 17 18 19 20 21 22 23a b c d e f g 24 25 26 27 28 29a Mixed 1120/L/PC group Reconciliation of Net Income (Loss) per Income Statement of Includible Corporations With Taxable Income per Return (see instructions) Income (Loss) Items (Attach statements for lines 1 through 11) 1 2 3 4 5 6 7 8 9 10 11 12 (5) Employer identification number Name of subsidiary (if consolidated return) Part II Subsidiary corp 1120-L eliminations (a) Income (Loss) per Income Statement (b) Temporary Difference (c) Permanent Difference (d) Income (Loss) per Tax Return Income (loss) from equity method foreign corporations Gross foreign dividends not previously taxed . . . Subpart F, QEF, and similar income inclusions . . Section 78 gross-up . . . . . . . . . . . Gross foreign distributions previously taxed . . . Income (loss) from equity method U.S. corporations . . U.S. dividends not eliminated in tax consolidation . Minority interest for includible corporations . . . . Income (loss) from U.S. partnerships . . . . . . Income (loss) from foreign partnerships . . . . . Income (loss) from other pass-through entities . . Items relating to reportable transactions (attach statement) . . . . . . . . . . . . . . Interest income (attach Form 8916-A) . . . . . Accrual of bond discount . . . . . . . . . Hedging transactions . . . . . . . . . . . Mark-to-market income (loss) . . . . . . . . Deferred and uncollected premiums . . . . . . Sale versus lease (for sellers and/or lessors) . . . Section 481(a) adjustments . . . . . . . . . Amortization of interest maintenance reserve . . . Original issue discount and other imputed interest . Market discount reclassification . . . . . . . Income statement gain/loss on sale, exchange, abandonment, worthlessness, or other disposition of assets other than pass-through entities . . . . . Gross capital gains from Schedule D, excluding amounts from pass-through entities . . . . . . Gross capital losses from Schedule D, excluding amounts from pass-through entities, abandonment losses, and worthless stock losses . . . . . . Net gain/loss reported on Form 4797, line 17, excluding amounts from pass-through entities, abandonment losses, and worthless stock losses . Abandonment losses . . . . . . . . . . . Worthless stock losses (attach statement) . . . . Other gain/loss on disposition of assets . . . . . Capital loss limitation and carryforward used . . . Other income (loss) items with differences (attach statement) Total income (loss) items. Combine lines 1 through 25 Total expense/deduction items (from Part III, line 41) Other items with no differences . . . . . . . Mixed groups, see instructions. All others, combine lines 26 through 28 . . . . . . . . . . . b 1120 subgroup reconciliation totals . . . . . . c PC insurance subgroup reconciliation totals . . . 30 Reconciliation totals. Combine lines 29a through 29c Note: Line 30, column (a) must equal the amount on Part I, line 11, and column (d) must equal Form 1120-L, page 1, line 20. Schedule M-3 (Form 1120-L) 2016 Page 3 Schedule M-3 (Form 1120-L) 2016 Employer identification number Name of corporation (common parent, if consolidated return) Check applicable box(es): Check if a sub-consolidated: (1) (6) Consolidated group 1120-L group (2) (7) Parent corp (3) Consolidated eliminations (4) Mixed 1120/L/PC group Reconciliation of Net Income (Loss) per Income Statement of Includible Corporations With Taxable Income per Return—Expense/Deduction Items (see instructions) (a) Expense per Income Statement Expense/Deduction Items 1 2 3 4 5 (5) Employer identification number Name of subsidiary (if consolidated return) Part III Subsidiary corp 1120-L eliminations U.S. current income tax expense . . . . . U.S. deferred income tax expense . . . . State and local current income tax expense . State and local deferred income tax expense . Foreign current income tax expense (other foreign withholding taxes) . . . . . . . (b) Temporary Difference (c) Permanent Difference (d) Deduction per Tax Return . . . . . . . . than . . 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Foreign deferred income tax expense . . . . . Foreign withholding taxes . . . . . . . . . Equity-based compensation . . . . . . . . Capitalization of deferred acquisition costs . . . . Amortization of deferred acquisition costs . . . . Meals and entertainment . . . . . . . . . . Fines and penalties . . . . . . . . . . . Judgments, damages, awards, and similar costs . . Parachute payments . . . . . . . . . . . Compensation with section 162(m) limitation . . . Pension and profit-sharing . . . . . . . . . Other post-retirement benefits . . . . . . . . Deferred compensation . . . . . . . . . . Charitable contribution of cash and tangible property Charitable contribution of intangible property . . . Charitable contribution limitation/carryforward . . . Change in section 807(c)(1) tax reserves . . . . . Change in section 807(c)(2) tax reserves . . . . . Change in all other section 807(c) tax reserves . . Section 807(f) adjustments for change in computing reserves Section 807(a)(2)(B) tax reserve amount with respect to policyholder share of tax-exempt interest . . . 27 28 29 Current year acquisition/reorganization costs (attach statement) Amortization of acquisition, reorganization, and start-up costs Amortization/impairment of goodwill, insurance in force and ceding commissions . . . . . . . . 30 31 32 33 34 35 36 37 38 39 40 41 Other amortization or impairment write-offs . . . Section 846 amount . . . . . . . . . . . Depreciation . . . . . . . . . . . . . . Bad debt expense/agency balances written off . . Corporate owned life insurance premiums . . . . Purchase versus lease (for purchasers and/or lessees) Interest expense (attach Form 8916-A) . . . . . Domestic production activities deduction . . . . Research and development costs . . . . . . . Section 118 exclusion (attach statement) . . . . Other expense/deduction items with differences (attach statement) Total expense/deduction items. Combine lines 1 through 40. Enter here and on Part II, line 27, reporting positive amounts as negative and negative amounts as positive . Schedule M-3 (Form 1120-L) 2016
Extracted from PDF file 2016-federal-1120-l-schedule-m-3.pdf, last modified December 2016

More about the Federal 1120-L (Schedule M-3) Corporate Income Tax TY 2016

We last updated the Net Income (Loss) Reconcilliation for U.S. Life Insurance Companies With Total Assets of $10 Million or More in May 2017, so this is the latest version of 1120-L (Schedule M-3), fully updated for tax year 2016. You can download or print current or past-year PDFs of 1120-L (Schedule M-3) directly from TaxFormFinder. You can print other Federal tax forms here.

Other Federal Corporate Income Tax Forms:

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Form 941 Employer's Quarterly Federal Tax Return
Form 9465 Installment Agreement Request
Form 990 or 990-EZ (Sch A) Public Charity Status and Public Support
Form 1125-A Cost of Goods Sold
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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 1120-L (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 1120-L (Schedule M-3)

We have a total of six past-year versions of 1120-L (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 1120-L (Schedule M-3)

2016 Form 1120-L (Schedule M-3)

Net Income (Loss) Reconcilliation for U.S. Life Insurance Companies With Total Assets of $10 Million or More 2015 1120-L (Schedule M-3)

2015 Form 1120-L (Schedule M-3)

Net Income (Loss) Reconcilliation for U.S. Life Insurance Companies With Total Assets of $10 Million or More 2014 1120-L (Schedule M-3)

2014 Form 1120-L (Schedule M-3)

Net Income (Loss) Reconcilliation for US Life Insurance Companies With Total Assets of $10 Million or More 2013 1120-L (Schedule M-3)

2013 Form 1120-L (Schedule M-3)

Net Income (Loss) Reconcilliation for US Life Insurance Companies With Total Assets of $10 Million or More 2012 1120-L (Schedule M-3)

2012 Form 1120-L (Schedule M-3)

Net Income (Loss) Reconcilliation for US Life Insurance Companies With Total Assets of $10 Million or More 2011 1120-L (Schedule M-3)

2011 Form 1120-L (Schedule M-3)


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