Schedule M-3 (Form 1120S), Net Income (Loss) Reconciliation for S Corporations With Total Assets of$10 Million or More
Part I of this schedule asks certain questions about the corporation's financial statements and reconciles financial statement worldwide net income (loss) for the corporation to income (loss) per the income statement of the corporation for U.S. income tax purposes.
Parts II and III reconcile financial statement net income (loss) for the U.S. tax return to total income (loss) on Form 1120S, Schedule K.
Other Items You May Find Useful
Form 1120S, U.S. Income Tax Return for an S Corporation
Comment on Schedule M-3 (Form 1120-S)
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