Corporate Tax Filing: Schedule M-3: Additional Reporting
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Brief Introduction
This course covers unusual and nonrecurring disclosure requirements for Income (Loss) and expense/deduction items.Description
This course covers unusual and nonrecurring disclosure requirements for Income (Loss) and expense/deduction items reported on the financial statements that must also be disclosed on Schedule M-3.
Most of these topics relate either to industry specific book-tax differences or to items that are not usually encountered in the annual accounting cycle. Nevertheless, when these items occur, they must be separately and adequately disclosed on Schedule M-3 as either “temporary” or ‘permanent” differences. It is important to “get the numbers right” when completing Parts II and III of Schedule M-3.
This course covers the unusual and nonrecurring items that must be disclosed on Schedule M-3 including:
Unusual income items that result in book-tax differences.
Unusual expense/deduction items that result in book tax differences.
Note: Schedule M-3, Part II and III disclosures of frequently occurring book-tax differences was covered in prior intermediate courses.
A comprehensive example of Schedule M-3, parts II and III for corporations with unusual/nonrecurring income, expense/deduction items is provided to reinforce your knowledge of the compliance/reporting issues regarding Schedule M-3 compliance.
Requirements
- Requirements
- No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.
Corporate Tax Filing: Schedule M-3: Part III
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This course covers the Schedule M-3, Part III filing and reporting requirements. Completion of Part III requires the disclosure of detailed information regarding book-tax differences when reporting expense/deduction items....
Corporate Tax Filing: Schedule M-3: Part II
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This course covers the Schedule M-3, Part II filing and reporting requirements. Thus, it is important to “get the numbers right” when completing Part II of Schedule M-3....
Corporate Tax Filing: Schedule M-3: Part I
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This course covers the Schedule M-3, Part I filing and reporting requirements. Schedules M-1 and M-3 reconcile book income to taxable income reported on the return....
Corporate Tax Filing: Schedule M-3: Additional Reporting
- 0.0
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This course covers unusual and nonrecurring disclosure requirements for Income (Loss) and expense/deduction items. Unusual income items that result in book-tax differences....
