Instructions for  
Schedule M-3 (Form 1120) - Introductory Material


Table of Contents

Future Developments

For the latest information about developments related to Schedule M-3 (Form 1120) and its instructions, such as legislation enacted after they were published, go to www.irs.gov/form1120.

What's New

For tax years ending December 31, 2014, and later:

  • Form 1120 and Form 1120-C filers that (a) are required to file Schedule M-3 (Form 1120) and have less than $50 million total assets at the end of the tax year, or (b) are not required to file Schedule M-3 (Form 1120) and voluntarily file Schedule M-3 (Form 1120), must either (i) complete Schedule M-3 (Form 1120) entirely or (ii) complete Schedule M-3 (Form 1120) through Part I, and complete Schedule M-1 of Form 1120 (or Form 1120-C, if applicable) instead of completing Parts II and III of Schedule M-3 (Form 1120). These filers are not required to file Schedule B (Form 1120) nor Form 8916-A. If these filers choose to complete Schedule M-1 instead of completing Parts II and III of Schedule M-3, line 1 of the applicable M-1 must equal line 11 of Part I of Schedule M-3.

  • In the case of an 1120 mixed group, Parts II and III of Schedule M-3 (Form 1120) must be completed for all members of the mixed group whether Schedule M-3 (Form 1120) is required or voluntarily filed.

  • Any filer that completes Parts II and III of Schedule M-3 (Form 1120), must complete all columns, without exception.

See Completing Schedule M-3, later.


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