The Internal Revenue Service has issued for public comment draft versions of revised Form 1120-F, U.S. Income Tax Return of a Foreign Corporation, and related schedules, including Schedule M-3, new ...

In January, the Internal Revenue Service announced plans for a new schedule to accompany the Form 1120, U.S. Corporation Income Tax Return. Schedule M-3, Net Income (Loss) Reconciliation for ...

IRS Form 1120-F, a corporate tax return, is made up of two schedules: M-1 and M-2. Schedule M-1 is reconciliation of income per books -- income before taxes as shown on your accounting records ...

As a schedule, the M-1 is an additional attachment to Form 1120S. All companies meeting certain income levels must include this completed schedule.

Form 1120-S must be accompanied by Schedule K-1, which lists individual shareholders and the amount of profit and loss allotted to each. ... Schedule M-1: Reconciliation of Income (Loss) ...