This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 1120-L Schedule M-3 for the current year.
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. The document is a supplement to IRS Form 1120-L, U.S. Life Insurance Company Income Tax Return. Check the official IRS-issued instructions before completing and submitting the form.
Q: What is IRS Form 1120-L?
A: IRS Form 1120-L is a tax form for U.S. life insurance companies with total assets of $10 million or more.
Q: What is Schedule M-3?
A: Schedule M-3 is a part of IRS Form 1120-L that reconciles net income (loss) for U.S. life insurance companies.
Q: Who needs to file Form 1120-L?
A: U.S. life insurance companies with total assets of $10 million or more need to file Form 1120-L.
Q: What does Schedule M-3 do?
A: Schedule M-3 reconciles net income (loss) for U.S. life insurance companies.
Q: Why is Schedule M-3 important?
A: Schedule M-3 provides the IRS with a detailed reconciliation of net income (loss) for U.S. life insurance companies.
Q: Are there any thresholds for filing Form 1120-L?
A: Yes, U.S. life insurance companies must have total assets of $10 million or more to be required to file Form 1120-L.
Q: Is Form 1120-L complicated to fill out?
A: Form 1120-L can be complex, especially Schedule M-3. It is recommended to seek professional assistance or consult the instructions provided by the IRS.
Q: When is Form 1120-L due?
A: Form 1120-L is due on the 15th day of the 3rd month following the end of the tax year.
Form Details:
Download a fillable version of IRS Form 1120-L Schedule M-3 through the link below or browse more documents in our library of IRS Forms.