Form M-3 (100s) Draft - Net Income (Loss) Reconciliation For S Corporations (Page 2 of 3) in pdf

Part II Reconciliation of Net Income (Loss) per Income Statement of the Corporation with Total Income (Loss) per Return

(a)

(b)

(c)

(d)

(e)

(f)

Income (Loss)

Temporary

Permanent

Amounts from

California

Amounts using

Income (Loss) Items

per Income

Difference

Federal Schedule

Adjustments

California Law

Statement

M-3 (1120S)

Column (d)

1 Income (loss) from equity method foreign corporations . . . . . . . . 1

2 Gross foreign dividends not previously taxed . . . . . . . . . . . . . . . . 2

3 a Subpart F, QEF, and similar income inclusions . . . . . . . . . . . . . 3a

b Income for California Purpose from Foreign Corporations . . . . 3b

4 Gross Foreign distributions previously taxed . . . . . . . . . . . . . . . . 4

5 Income (loss) from equity method U .S . Corporations . . . . . . . . . . 5

6 U .S . dividends not eliminated in tax consolidation . . . . . . . . . . . . 6

7 Income (loss) from U .S . partnerships (attach schedule) . . . . . . . . 7

8 Income (loss) from foreign partnerships (attach schedule) . . . . . 8

9 Income (loss) from other pass-through entities (attach schedule) 9

10 Items relating to reportable transactions (attach details) . . . . . . . 10

11 Interest income (attach federal Form 8916-A) . . . . . . . . . . . . . . . . 11

12 Total accrual to cash adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . 12

13 Hedging transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

14 Mark-to-market income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

15 Cost of goods sold (attach federal Form 8916-A) . . . . . . . . . . . . . 15

16 Sale versus lease (for sellers and/or lessors) . . . . . . . . . . . . . . . . 16

17 Section 481(a) adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

18 Unearned/deferred revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

19 Income recognition from long-term contracts . . . . . . . . . . . . . . . 19

20 Original issue discount and other imputed interest . . . . . . . . . . . . 20

21 a

Income statement gain/loss on sale, exchange, abandonment,

worthlessness, or other disposition of assets other than inventory

21a

and pass-through entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b Gross capital gains excluding amounts from pass-through

entities, attach Schedule D (100S) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21b

c Gross capital losses excluding amounts from pass-through entities,

abandonment losses, and worthless stock losses,

attach Schedule D (100S) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21c

d Net gain/loss excluding amounts from pass-through entities, abandon-

21d

ment losses, and worthless stock losses, attach Schedule D-1 . . . . . . .

e Abandonment losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21e

f Worthless stock losses (attach details) . . . . . . . . . . . . . . . . . . . 21f

g Other gain/loss on disposition of assets other then inventory . . 21g

22 Other income (loss) items with differences (attach schedule) . . . . 22

23 Total income (loss) items. Combine lines 1 through 22 . . . . . . . 23

24 Total expense/deduction items (from Part III, line 30) . . . . . . . . . 24

. . . 25

Other income (loss) and expense/deduction items with no differences

26 Total reconciliation. Combine lines 23 through 25 . . . . . . . . . . . 26

NOTE: Line 26, column (a), must equal the amount on Part I, line 11, and column (f) must equal Form 100S, Schedule K, line 19, column (d) .

Form M-3 (100s) Draft - Net Income (Loss) Reconciliation For S Corporations Page 2

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