Federal Free Printable Form 8916 (Rev. December 2008) for 2017 Federal Reconciliation of Schedule M-3 Taxable Income with Tax Return Taxable Income for Mixed Groups

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2016-federal-form-8916.pdf, and you can print it directly from your computer.

Reconciliation of Schedule M-3 Taxable Income with Tax Return Taxable Income for Mixed Groups
Form 8916 (Rev. December 2008)

8916 Form (Rev. December 2008) Department of the Treasury Internal Revenue Service Reconciliation of Schedule M-3 Taxable Income with Tax Return Taxable Income for Mixed Groups © Attach to Schedule M-3 for Forms 1120, 1120-L, or 1120-PC. Name of common parent 1 2a b c d e f Employer identification number Enter the tax reconciliation amount from the applicable line of Schedule M-3 (see instructions) 1 Life/non-life loss limitation amount 2a Limitation on non-insurance losses (Form 1120-L, page 1, line 25) Amount subtracted from policyholders surplus account (Form 1120-L, page 1, line 26) 2b 2c (1) Non-life capital loss limitation 2d(1) (2) Life capital loss limitation 2d(2) (1) Non-life charitable deduction limitation 2e(1) (2) Life charitable deduction limitation 2e(2) (1) Non-life dual consolidated loss amount disallowed 2f(1) (2) Life dual consolidated loss amount disallowed 2f(2) 3 3 Combine lines 1 through 2f(2) 4a (1) Non-life net operating loss deduction 4a(1) (2) Life operations loss deduction 4a(2) (1) Non-life dividends received deduction 4b(1) (2) Life dividends received deduction 4b(2) (1) Non-life capital loss carryforward used 4c(1) (2) Life capital loss carryforward used 4c(2) (1) Non-life charitable deduction carryforward used 4d(1) (2) Life charitable deduction carryforward used 4d(2) b c d e OMB No. 1545-2062 Small life insurance company deduction (Form 1120-L, page 1, line 23) 4e 5 Add lines 4a(1) through 4e 5 6 Subtract line 5 from line 3 6 7 Other adjustments to reconcile to taxable income on tax return (attach schedule) 7 8 Total. Combine lines 6 and 7. This amount must equal the amount reported on the “Taxable income” line of the consolidated Form 1120, Form 1120-L, or Form 1120-PC (see instructions) For Paperwork Reduction Act Notice, see page 2. Cat. No. 37727E 8 Form 8916 (Rev. 12-2008) Form 8916 (Rev. 12-2008) General Instructions Section references are to the Internal Revenue Code unless otherwise noted. What’s New The IRS will revise this December 2008 version of the Form 8916 only when necessary. Continue to use this version of Form 8916 for tax years beginning after 2007 until a new revision is issued. Page 2 Line 7. Other adjustments to reconcile to taxable income on tax return. Enter on line 7, any other adjustments necessary to reconcile to taxable income reported on the consolidated income tax return from the supporting workpapers and attach a short explanation of the adjustment. Line 8. Total. The amount on line 8 must equal the “Taxable income” line of the applicable consolidated income tax return. For example, see the 2008 Form 1120, page 1, line 30; 2008 Form 1120-L, page 1, line 27; or 2008 Form 1120-PC, Schedule A, line 37. Purpose of Form Use Form 8916 to reconcile Schedule M-3 taxable income to tax return taxable income for a mixed group, which is a consolidated tax group which uses two or more of the following tax return forms: Form 1120, 1120-L, or 1120-PC. A mixed group is a consolidated tax group that (1) includes both a corporation that is an insurance company and a corporation that is not an insurance company, (2) includes both a life insurance company and a property and casualty insurance company, or (3) includes a life insurance company, a property and casualty insurance company, and a corporation that is not an insurance company. Who Must File Form 8916 must be filed by a mixed group consisting of filers of Form 1120, 1120-L, or 1120-PC that is required to file Schedule M-3. How To File Attach Form 8916 to the consolidated Schedule M-3. Taxpayers must summarize the taxpayer tax return taxable income calculation workpapers on Form 8916 and retain those workpapers. The taxable income calculation workpapers need not be submitted with the Form 8916. Specific Instructions Line 1. Schedule M-3 tax reconciliation amount. The amount on line 1 must equal the tax reconciliation amount from the applicable line of Schedule M-3. For example, this amount was reported on Part II, line 30, column (d), of the 2008 Schedule M-3 for Forms 1120, 1120-L, or 1120-PC. Line 2a. Life/non-life loss limitation amount. Enter any life/non-life loss limitation amount from the supporting workpapers. Paperwork Reduction Act Notice We ask for the information on this form to carry out the Internal Revenue laws of the United States. You are required to give us the information. We need it to ensure that you are complying with these laws and to allow us to figure and collect the right amount of tax. You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103. The time needed to complete and file this form will vary depending on individual circumstances. The estimated average time is: Recordkeeping 6 hr., 27 min. Learning about the law or the form 6 min. Preparing, copying, assembling, and sending the form to the IRS 12 min. If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we would be happy to hear from you. See the instructions for the tax return with which this form is filed.
Extracted from PDF file 2016-federal-form-8916.pdf, last modified January 2009

More about the Federal Form 8916 Other TY 2016

We last updated the Reconciliation of Schedule M-3 Taxable Income with Tax Return Taxable Income for Mixed Groups in May 2017, so this is the latest version of Form 8916, fully updated for tax year 2016. You can download or print current or past-year PDFs of Form 8916 directly from TaxFormFinder. You can print other Federal tax forms here.

Other Federal Other Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 8962 Premium Tax Credit
Form 12277 Application for Withdrawal of Filed Form 668(Y), Notice of Federal Tax Lien (Internal Revenue Code Section 6323(j))
Form 14039 Identity Theft Affidavit
Form 8840 Closer Connection Exception Statement for Aliens
Form 13844 Application For Reduced User Fee For Installment Agreements

Download all  tax forms View all 775 Federal Income Tax Forms


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 Form 8916 from the Internal Revenue Service in May 2017.

Show Sources >

Historical Past-Year Versions of Federal Form 8916

We have a total of four past-year versions of Form 8916 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 Form 8916

Form 8916 (Rev. December 2008)

Reconciliation of Schedule M-3 Taxable Income with Tax Return Taxable Income for Mixed Groups 2015 Form 8916

Form 8916 (Rev. December 2008)

Reconciliation of Schedule M-3 Taxable Income with Tax Return Taxable Income for Mixed Groups 2012 Form 8916

Form 8916 (Rev. December 2008)

Reconciliation of Schedule M-3 Taxable Income with Tax Return Taxable Income for Mixed Groups 2011 Form 8916

Form 8916 (Rev. December 2008)


TaxFormFinder Disclaimer:

While we do our best to keep our list of Federal Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

** This Document Provided By TaxFormFinder.org **
Source: http://www.taxformfinder.org/federal/form-8916