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

Part III 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

Expense/Deduction Items

per Income

Difference

Federal Schedule

Adjustments

California Law

Statement

M-3 (1120S)

Column (d)

1 U .S . current income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . 1

2 U .S . deferred income tax expense . . . . . . . . . . . . . . . . . . . . . . . . 2

3 State and local current income tax expense . . . . . . . . . . . . . . . . . 3

4 State and local deferred income tax expense . . . . . . . . . . . . . . . . 4

5 Foreign current income tax expense (other than foreign

withholding taxes) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

6 Foreign deferred income tax expense . . . . . . . . . . . . . . . . . . . . . . 6

7 Equity-based compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

8 Meals and entertainment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

9 Fines and penalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

10 Judgments, damages, awards, and similar costs . . . . . . . . . . . . . 10

11 Pension and profit-sharing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

12 Other post-retirement benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

13 Deferred compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

14 Charitable contribution of cash and tangible property . . . . . . . . . 14

15 Charitable contribution of intangible property . . . . . . . . . . . . . . . 15

16 Current year acquisition or reorganization investment

banking fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

17 Current year acquisition or reorganization legal and

accounting fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

18 Current year acquisition/reorganization other costs . . . . . . . . . . . 18

19 Amortization/impairment of goodwill . . . . . . . . . . . . . . . . . . . . . . 19

20 Amortization of acquisition, reorganization, and start-up costs . . 20

21 Other amortization or impairment write-offs . . . . . . . . . . . . . . . . 21

22 Section 198 environmental remediation costs . . . . . . . . . . . . . . . 22

23a Depletion – Oil & Gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23a

b Depletion – Other than Oil & Gas . . . . . . . . . . . . . . . . . . . . . . . . . 23b

24 Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

25 Bad debt expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

26 Interest expense (attach federal Form 8916-A) . . . . . . . . . . . . . . 26

27 Corporate owned life insurance premiums . . . . . . . . . . . . . . . . . . 27

28 Purchase versus lease (for purchasers and/or lessees) . . . . . . . . 28

29 Other expense/deduction items with differences

(attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

30 Total expense/deduction items. Combine lines 1 through 29 .

Enter here and on Part II, line 24, reporting positive amounts as

negative and negative amounts as positive . . . . . . . . . . . . . . . . . 30

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

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