Federal Free Printable 2016 Form Schedule M-3 (Form 1120S) for 2017 Federal Net Income (Loss) Reconciliation for S Corporations With Total Assets of $10 Million or More

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Net Income (Loss) Reconciliation for S Corporations With Total Assets of $10 Million or More
2016 Form Schedule M-3 (Form 1120S)

SCHEDULE M-3 (Form 1120S) Net Income (Loss) Reconciliation for S Corporations With Total Assets of $10 Million or More OMB No. 1545-0123 2016 ▶ Attach to Form 1120S. Department of the Treasury Internal Revenue Service ▶ Information about Sch. M-3 (Form 1120S) and its separate instructions is at www.irs.gov/form1120s. Employer identification number Name of corporation Part I Financial Information and Net Income (Loss) Reconciliation (see instructions) 1 a Did the corporation prepare a certified audited non-tax-basis income statement for the period ending with or within this tax year? (See instructions if multiple non-tax-basis income statements are prepared.) Yes. Skip line 1b and complete lines 2 through 11 with respect to that income statement. No. Go to line 1b. b Did the corporation 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 corporation’s net income (loss) per its books and records on line 4a. 2 Enter the income statement period: Beginning / Ending / / / 3 a Has the corporation’s income statement been restated for the income statement period on line 2? Yes. (If “Yes,” attach an explanation and the amount of each item restated.) No. b Has the corporation’s income statement been restated for any of the five income statement periods immediately preceding the period on line 2? Yes. (If “Yes,” attach an explanation and the amount of each item restated.) No. 4 a Worldwide consolidated net income (loss) from income statement source identified in Part I, line 1 b Indicate accounting standard used for line 4a (see instructions): (1) (2) GAAP IFRS (3) (4) Tax-basis Other (specify) . 4a 5 a Net income from nonincludible foreign entities (attach statement) . . . . . . . . . . b Net loss from nonincludible foreign entities (attach statement and enter as a positive amount) . . . . . 5a ( 5b ) 6 a Net income from nonincludible U.S. entities (attach statement) . . . . . . . . . . b Net loss from nonincludible U.S. entities (attach statement and enter as a positive amount) . . . . . 6a ( 6b ) . . 7 a Net income (loss) of other foreign disregarded entities (attach statement) . . . . . . . . . . b Net income (loss) of other U.S. disregarded entities (except qualified subchapter S subsidiaries) (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . c Net income (loss) of other qualified subchapter S subsidiaries (QSubs) (attach statement) 8 9 . . . . 7a 7b 7c 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 . . . . . . 10 Other adjustments to reconcile to amount on line 11 (attach statement) . 10 11 Net income (loss) per income statement of the corporation. Combine lines 4 through 10 . . . Note: Part I, line 11, must equal Part II, line 26, column (a) or Schedule M-1, line 1 (see instructions). 11 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 . . . 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 Form 1120S. Cat. No. 39666W Schedule M-3 (Form 1120S) 2016 Schedule M-3 (Form 1120S) 2016 Page Part II Reconciliation of Net Income (Loss) per Income Statement of the Corporation With Total Income (Loss) per Return (see instructions) Income (Loss) Items (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 21a b 2 Employer identification number Name of corporation Income (loss) from equity method foreign corporations . . 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 not eliminated in tax consolidation . 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 . Income statement gain/loss on sale, exchange, abandonment, worthlessness, or other disposition of assets other than inventory and pass-through entities 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 . (a) Income (Loss) per Income Statement (b) Temporary Difference ) (c) Permanent Difference (d) Income (Loss) per Tax Return ( ) e Abandonment losses . . . . . . . . . . . f Worthless stock losses (attach statement) . . . . g Other gain/loss on disposition of assets other than inventory . . . . . . . . . . . . . . . Other income (loss) items with differences (attach 22 statement) . . . . . . . . . . . . . . Total income (loss) items. Combine lines 1 through 23 22 . . . . . . . . . . . . . . . . . Total expense/deduction items (from Part III, line 24 32) . . . . . . . . . . . . . . . . . 25 26 Other items with no differences . . . . . . . Reconciliation totals. Combine lines 23 through 25 Note: Line 26, column (a), must equal Part I, line 11, and column (d) must equal Form 1120S, Schedule K, line 18. Schedule M-3 (Form 1120S) 2016 Schedule M-3 (Form 1120S) 2016 Page Part III Reconciliation of Net Income (Loss) per Income Statement of the Corporation With Total Income (Loss) per Return—Expense/Deduction Items (see instructions) (a) Expense per Income Statement Expense/Deduction Items 1 2 3 4 5 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 Foreign deferred income tax expense . . . . . Equity-based compensation . . . . . . . . Meals and entertainment . . . . . . . . . . Fines and penalties . . . . . . . . . . . Judgments, damages, awards, and similar costs . . Pension and profit-sharing . . . . . . . . . Other post-retirement benefits . . . . . . . . Deferred compensation . . . . . . . . . . Charitable contribution of cash and tangible property . . . . . . . . . . . . . . . 15 16 Charitable contribution of intangible property . . . Current year acquisition or reorganization investment banking fees . . . . . . . . . . . . . . Current year acquisition or reorganization legal and accounting fees . . . . . . . . . . . . . 17 3 Employer identification number Name of corporation 18 19 20 Current year acquisition/reorganization other costs . Amortization/impairment of goodwill . . . . . . Amortization of acquisition, reorganization, and start-up costs . . . . . . . . . . . . . 21 22 23a b 24 25 26 27 28 Other amortization or impairment write-offs Reserved . . . . . . . . . . . . Depletion—Oil & Gas . . . . . . . . Depletion—Other than Oil & Gas . . . . Depreciation . . . . . . . . . . . Bad debt expense . . . . . . . . . Interest expense (see instructions) . . . Corporate owned life insurance premiums . Purchase versus lease (for purchasers lessees) . . . . . . . . . . . . 29 30 31 Research and development costs . . . . . . . Section 118 exclusion (attach statement) . . . . Other expense/deduction items with differences (attach statement) . . . . . . . . . . . . 32 Total expense/deduction items. Combine lines 1 through 31. Enter here and on Part II, line 24, reporting positive amounts as negative and negative amounts as positive . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . and/or . . . Schedule M-3 (Form 1120S) 2016
Extracted from PDF file 2016-federal-1120-s-schedule-m-3.pdf, last modified November 2016

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

We last updated the Net Income (Loss) Reconciliation for S Corporations With Total Assets of $10 Million or More in May 2017, so this is the latest version of 1120-S (Schedule M-3), fully updated for tax year 2016. You can download or print current or past-year PDFs of 1120-S (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 Code Form Name
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
Form 1120 U.S. Corporation Income 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 1120-S (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-S (Schedule M-3)

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

2016 Form Schedule M-3 (Form 1120S)

Net Income (Loss) Reconciliation for S Corporations With Total Assets of $10 Million or More 2015 1120-S (Schedule M-3)

2015 Schedule M-3 (Form 1120S)

Net Income (Loss) Reconciliation for S Corporations With Total Assets of $10 Million or More 2014 1120-S (Schedule M-3)

2014 Form 1120-S Schedule M-3

Net Income (Loss) Reconciliation for S Corporations With Total Assets of $10 Million or More 2013 1120-S (Schedule M-3)

2013 Form 1120 S Schedule M-3

Net Income (Loss) Reconciliation for S Corporations With Total Assets of $10 Million or More 2012 1120-S (Schedule M-3)

2012 Form 1120 S Schedule M-3

Net Income (Loss) Reconciliation for S Corporations With Total Assets of $10 Million or More 2011 1120-S (Schedule M-3)

2011 Form 1120 S Schedule M-3


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