Washington -- To encourage transparency in corporate tax return filing, the Internal Revenue Service and the Treasury Department unveiled a proposed draft form of Schedule M-3.
The form -- which expands the current Schedule M-1 -- would require corporate taxpayers filing Form 1120 to disclose additional information including sources of financial information, a reconciliation of the filer’s net income and reconciliation of the net income.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access