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

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

This document contains official instructions for IRS Form 1120-S Schedule M-3, Total Assets of $10 Million or More - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 1120-S Schedule M-3 is available for download through this link.

FAQ

Q: What is IRS Form 1120-S Schedule M-3?
A: IRS Form 1120-S Schedule M-3 is a form used by S corporations to reconcile their net income (loss) with their total assets.

Q: Who must file IRS Form 1120-S Schedule M-3?
A: S corporations with total assets of $10 million or more must file IRS Form 1120-S Schedule M-3.

Q: What is the purpose of the form?
A: The purpose of IRS Form 1120-S Schedule M-3 is to provide a detailed reconciliation of the S corporation's net income (loss) as reported on its tax return with its financial statement net income (loss).

Q: What information is required on the form?
A: The form requires the S corporation to provide information on its financial statement net income (loss), adjustments to net income (loss), and reconciliation of taxable income (loss) to financial statement income (loss).