IRS, treasury release final draft of Schedule M-3.

• Position: IRS Update - Internal Revenue Service - Brief Article

To increase the transparency of corporate tax return filings, the Treasury Department and IRS released a draft of the final version of the Schedule M-3, Net Income (Loss) Reconciliation for Corporations with Total Assets of $10 Million or More, for use by certain corporate taxpayers filing Form 1120, U.S. Corporation Income Tax Return.

To access the draft, FAQs and instructions, go to...