×
tax forms found in
Tax Form Code
Tax Form Name

Federal Free Printable 2023 Schedule M-3 (Form 1120-F) for 2024 Federal Net Income (Loss) Reconciliation for Foreign Corporations With Reportable Assets of $10 Million or More

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2023-federal-1120-f-schedule-m-3.pdf, and you can print it directly from your computer.

Net Income (Loss) Reconciliation for Foreign Corporations With Reportable Assets of $10 Million or More
2023 Schedule M-3 (Form 1120-F)

SCHEDULE M-3 (Form 1120-F) Department of the Treasury Internal Revenue Service Net Income (Loss) Reconciliation for Foreign Corporations With Reportable Assets of $10 Million or More 2023 Attach to Form 1120-F. Go to www.irs.gov/Form1120F for instructions and the latest information. Employer identification number Name of corporation A OMB No. 1545-0123 Has the corporation reported taxable income on Form 1120-F, page 5, using a treaty provision to attribute business profits to a U.S. permanent establishment under rules other than section 864(c)? . . . . . . Yes No Did the corporation prepare a non-consolidated, worldwide, certified audited income statement for the period (see instructions)? . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No C Did the corporation prepare a non-consolidated, worldwide income statement for the period (see instructions)? Yes No D Did the corporation prepare certified audited income statement(s) for the set(s) of books reported on Form 1120-F, Schedule L? . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No B Part I 1 Financial Information and Net Income (Loss) Reconciliation (see instructions) Is the corporation a foreign bank as defined in Regulations section 1.882-5(c)(4)? Yes. Complete the remainder of Part I as follows: If D is “Yes,” use the income statement described in D to complete lines 2 through 5 and 7 through 11. If D is “No,” use the income statement(s) for the set(s) of books reported on Form 1120-F, Schedule L to complete lines 2 through 5 and 7 through 11. No. Complete the remainder of Part I as follows: If B is “Yes,” use the income statement described in B to complete lines 2 through 11. If B is “No” and C is “Yes,” use the income statement described in C to complete lines 2 through 11. If B and C are “No” and D is “Yes,” use the income statement described in D to complete lines 2 through 11. If B, C, and D are “No,” use the income statement described in the instructions to complete lines 2 through 11. 2a Enter the income statement period: Beginning Ending b Has the corporation’s income statement been restated for the income statement period entered on line 2a? 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 5 income statement periods immediately preceding the period on line 2a? Yes. Attach an explanation and the amount of each item restated. No. 3 Is any of the corporation’s stock publicly traded on any exchange, U.S. or foreign? Yes. List exchange(s) and symbol No. 4 Non-consolidated foreign corporation net income (loss) in U.S. dollars from the income statement source identified in line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . 5a Net income from includible disregarded foreign entities not included on line 4 (attach statement) . . b Net loss from includible disregarded foreign entities not included on line 4 (attach statement) . . . c Net income from includible disregarded U.S. entities not included on line 4 (attach statement) . . . d Net loss from includible disregarded U.S. entities not included on line 4 (attach statement) . . . . 6 Net income (loss) from foreign locations not included on line 4 (attach statement) . . . . . . . 7a Net income of non-includible entities (attach statement) . . . . . . . . . . . . . . . b Net loss of non-includible entities (attach statement) . . . . . . . . . . . . . . . . 8 Adjustments to intercompany transactions (attach statement) . . . . . . . . . . . . . 9 Adjustments to reconcile income statement period to tax year (attach statement) . . . . . . . 10 Other adjustments to reconcile to amount on line 11 (attach statement) . . . . . . . . . . 11 Adjusted financial net income (loss) of non-consolidated foreign corporation. Combine lines 4 through 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Note: Part I, line 11, must equal Part II, line 28, column (a) or Schedule M-1, line 1 (see instructions). For Paperwork Reduction Act Notice, see the Instructions for Form 1120-F. Cat. No. 39667H 4 5a 5b ( 5c 5d ( 6 7a ( 7b 8 9 10 ) ) ) 11 Schedule M-3 (Form 1120-F) 2023 Page 2 Schedule M-3 (Form 1120-F) 2023 Employer identification number Name of corporation Part II Reconciliation of Net Income (Loss) per Income Statement of Non-Consolidated Foreign Corporations With Taxable Income per Return (see instructions) (a) Income (Loss) per Income Statement Income (Loss) Items 1 2 3a b c Gross receipts . . . . . . . . Cost of goods sold (attach statement) . Dividends from foreign entities . . . Dividends from U.S. entities . . . . Substitute dividend payments received 4a Interest income excluding interest equivalents . . . . . . . . . b c Substitute interest payments received Interest equivalents not included on line 4b Gross rental income . . . . . . Gross royalty income . . . . . . Fee and commission income . . . 5 6 7 8 Income (loss) from equity method corporations . . . . . . . . 9 Net income (loss) from U.S. partnerships 10 Net income (loss) from certain foreign partnerships (see instructions) . . . 11 Net income (loss) from other passthrough entities (attach statement) . . 12 Items relating to reportable transactions (attach statement) . . . . . . . 13 Hedging transactions . 14a Mark-to-market income (loss) under section 475(a) . . . . . . . . b Mark-to-market income (loss) subject to section 475(d)(3)(B) . . . . . . c Mark-to-market income (loss) under section 475(e) . . . . . . . . d Mark-to-market income (loss) under section 475(f) . . . . . . . . . . . . Gain (loss) from certain section 988 transactions . . . . . . . . 16a Interest income from global securities dealing . . . . . . . . . . b Dividends from global securities dealing c Gains (losses) and other fixed and determinable, annual, or periodic income from global securities dealing not included on lines 16a and 16b . . 17 Sales versus lease (for sellers and/or lessors) . . . . . . . . . . 18 19 Section 481(a) adjustments . Unearned/deferred revenue . 20 Original issue discount, imputed interest, and phantom income . . . Income statement gain/loss on sale, exchange, abandonment, worthlessness, or other disposition of assets other than inventory and pass-through entities . . 21a b . . (c) Permanent Differences (d) Other Permanent Differences for Allocations to Non-ECI and ECI (e) Income (Loss) per Tax Return . 15 . . (b) Temporary Differences . . Gross capital gains from Schedule D, excluding amounts from pass-through entities . . . . . . . . . . Schedule M-3 (Form 1120-F) 2023 Page 3 Schedule M-3 (Form 1120-F) 2023 Employer identification number Name of corporation Part II Reconciliation of Net Income (Loss) per Income Statement of Non-Consolidated Foreign Corporations With Taxable Income per Return (see instructions) (continued from page 2) (a) Income (Loss) per Income Statement Income (Loss) Items 21c 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 f Abandonment losses . . . . . . Worthless stock losses (attach statement) g Other gain/loss on disposition of assets other than inventory . . . . . . 22 Capital loss limitation and carryforward used . . . . . . . . . . 23 Gross effectively connected income of foreign banks from books that do not give rise to U.S. booked liabilities . . . . . . . . . 24 Other income (loss) items differences (attach statement) . 25 Total income (loss) items. Combine lines 1 through 24 . . . . . . . 26 Total expense/deduction items (from Part III, line 33) . . . . . . . 27 Other items with no differences . 28 Reconciliation totals. Combine lines 25 through 27 . . . . . . . . . (b) Temporary Differences (c) Permanent Differences (d) Other Permanent Differences for Allocations to Non-ECI and ECI (e) Income (Loss) per Tax Return with . . . . Note: Line 28, column (a), must equal Part I, line 11, and column (e) must equal Form 1120-F, page 5, line 29. Part III Reconciliation of Net Income (Loss) per Income Statement of Non-Consolidated Foreign Corporations With Taxable Income per Return (see instructions) (a) Expense per Income Statement Expense/Deduction Items 1 2 U.S. current income tax expense . U.S. deferred income tax expense . 3 Non-U.S. current income tax expense (other than foreign withholding taxes) . 4 Non-U.S. expense . deferred . . . income . . . (c) Permanent Differences (d) Other Permanent Differences for Allocations to Non-ECI and ECI (e) Deduction per Tax Return . . . tax . . . 5 Non-U.S. withholding taxes . 6 Compensation with section 162(m) limitation . . . . . . . . . 7 8 9 10 11 Salaries and other base compensation Stock option expense . . . . . Other equity-based compensation . . Meals and entertainment . . . . . Fines and penalties . . . . . . 12 Judgments, damages, awards, and similar costs . . . . . . . . . (b) Temporary Differences Schedule M-3 (Form 1120-F) 2023 Page 4 Schedule M-3 (Form 1120-F) 2023 Employer identification number Name of corporation Part III Reconciliation of Net Income (Loss) per Income Statement of Non-Consolidated Foreign Corporations With Taxable Income per Return (see instructions) (continued from page 3) (a) Expense per Income Statement Expense/Deduction Items 13 14 15 16 Pension and profit-sharing . Other post-retirement benefits Deferred compensation . . Charitable contributions . . 17 Section 162(r)–FDIC premiums paid by certain large financial institutions (see instructions) . . . . . . . . 18 Current year acquisition or reorganization investment banking fees, legal and accounting fees . . . 19 Current year acquisition/reorganization other costs . . . . . . . . . 20 Amortization/impairment of goodwill 21 Amortization of acquisition, reorganization, and start-up costs . . 22 Other amortization or write-offs . . . . . impairment . . . . 23 24 25 Depreciation . . Bad debt expense . . . . . . . . . . . . . . . . . . (b) Temporary Differences (d) Other Permanent Differences for Allocations to Non-ECI and ECI (c) Permanent Differences (e) Deduction per Tax Return . . . . . . . Purchase versus lease (for purchasers and/or lessees) . . . . . . . 26a Interest expense per books . . . . b Interest expense under Regulations section 1.882-5 (from Schedule I (Form 1120-F), line 23) . . . . . . . c Regulations section amount subject disallowance (from 1120-F), line 24g) . 1.882-5 allocation to deferral or Schedule I (Form . . . . . . d Substitute interest payments e Interest equivalents (for example, guarantee fees) not included on line 26d . . Substitute dividend payments Fee and commission expense Rental expense . . . . Royalty expense . . . . 31 Expenses allocable to effectively connected income under Regulations section 1.861-8 from home office or other books that do not give rise to U.S. booked liabilities (from Schedule H (Form 1120-F), line 20) . . . . . 32 Other expense/deduction items with differences (attach statement) . . . 33 Total expense/deduction items. Combine lines 1 through 32. Enter here and on Part II, line 26 . . . . . . . . . . ) . 27 28 29 30 . . . . ( . . . . Schedule M-3 (Form 1120-F) 2023
Extracted from PDF file 2023-federal-1120-f-schedule-m-3.pdf, last modified December 2023

More about the Federal 1120-F (Schedule M-3) Corporate Income Tax TY 2023

We last updated the Net Income (Loss) Reconciliation for Foreign Corporations With Reportable Assets of $10 Million or More in January 2024, so this is the latest version of 1120-F (Schedule M-3), fully updated for tax year 2023. You can download or print current or past-year PDFs of 1120-F (Schedule M-3) directly from TaxFormFinder. You can print other Federal tax forms here.

Related Federal Corporate Income Tax Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Federal 1120-F (Schedule M-3).

Form Code Form Name
1120-F (Schedule H) Deductions Allocated To Effectively Connected Income Under Regulations Section 1.861-8
1120-F (Schedule I) Interest Expense Allocation Under Regulations Section 1.882-5
1120-F (Schedule P) List of Foreign Partner Interests in Partnerships
1120-F (Schedule S) Exclusion of Income from the International Operation of Ships or Aircraft Under Section 883
1120-F (Schedule V) List of Vessels or Aircraft, Operators, and Owners
1120-F Schedules M-1, M-2 Reconciliation of Income (Loss) and Analysis of Unappropriated Retained Earnings per Books
1120-FSC (Schedule P) Transfer Price or Commission
Form 1120-F U.S. Income Tax Return of a Foreign Corporation
Form 1120-FSC U.S. Income Tax Return of a Foreign Sales Corporation

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 1120-F (Schedule M-3) from the Internal Revenue Service in January 2024.

Show Sources >

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-F (Schedule M-3)

We have a total of thirteen past-year versions of 1120-F (Schedule M-3) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 1120-F (Schedule M-3)

2023 Schedule M-3 (Form 1120-F)

2022 1120-F (Schedule M-3)

2022 Schedule M-3 (Form 1120-F)

2021 1120-F (Schedule M-3)

2021 Schedule M-3 (Form 1120-F)

2020 1120-F (Schedule M-3)

2020 Schedule M-3 (Form 1120-F)

2019 1120-F (Schedule M-3)

2019 Schedule M-3 (Form 1120-F)

2018 1120-F (Schedule M-3)

2018 Schedule M-3 (Form 1120-F)

2017 1120-F (Schedule M-3)

2017 Schedule M-3 (Form 1120-F)

2016 1120-F (Schedule M-3)

2016 Form 1120-F (Schedule M-3)

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

2015 Form 1120-F (Schedule M-3)

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

2014 Form 1120-F (Schedule M-3)

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

2013 Form 1120-F (Schedule M-3)

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

2011 Form 1120-F (Schedule M-3)

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

2011 Form 1120-F (Schedule M-3)


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/index.php/federal/1120-f-schedule-m-3