can you help me do a schedule m-3 for a corporation? I found a


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can you help me do a schedule m-3 for a corporation? I found a sample 1120 for a corporation on here such as alvin’s music Inc TRP_3_c_corp_tax_return_Alvins_music_042710 I know this corporation does not need an M_# but I am taking a tax test for the IRS in two weeks and I need to know how to do the m-3 form I corrected mistakes in their form 1120 corrected TRP_3_c_corp_tax_return_Alvins_music_042710.pdf 1120 Form Department of the Treasury Internal Revenue Service A Check if: 1a Consolidated return (attach Form 851) . b Life/nonlife consolidated return . . . 2 Personal holding co. (attach Sch. PH) . . U.S. Corporation Income Tax Return For calendar year 2009 or tax year beginning (see instructions) . . 2009 , 20 See separate instructions. B Employer identification number Name Use IRS Alvin’s Music Incorporated label. Number, street, and room or suite no. If a P.O. box, see instructions. Otherwise, 355 Music Way print or City or town, state, and ZIP code type. 3 Personal service corp. 4 Schedule M-3 attached OMB No. 1545-0123 , 2009, ending 29-5748859 C Date incorporated 6/12/2006 D Total assets (see instructions) $ East Palo Alto, CA 94303 E Check if: (1) (3) Final return Address change 1c 3,380,000 Cost of goods sold (Schedule A, line 8) . Gross profit. Subtract line 2 from line 1c . Dividends (Schedule C, line 19) … . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 4 834,000 2,546,000 12,000 5 6 Interest . Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,000 7 8 9 10 11 Gross royalties . . . . . . . . . . . . . . . . Capital gain net income (attach Schedule D (Form 1120)) . . . . Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797) Other income (see instructions—attach schedule) . . . . . . Total income. Add lines 3 through 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 7 8 9 10 3,000 4,000 12 13 Compensation of officers (Schedule E, line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,574,000 600,000 700,000 14 15 16 Salaries and wages (less employment credits) Repairs and maintenance . . . . . . Bad debts . . . . . . . . . . . Rents . . . . . . . . . . . . 11 12 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 16 5,000 10,000 17 18 19 Taxes and licenses . . Interest ….. Charitable contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 19 161,000 62,000 27,000 20 21 Depreciation from Form 4562 not claimed on Schedule A or elsewhere on return (attach Form 4562) Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,000 22 23 24 25 Advertising ………….. Pension, profit-sharing, etc., plans ……. Employee benefit programs ……… Domestic production activities deduction (attach Form 8903) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 21 22 23 24 25 40,000 26 27 28 Other deductions (attach schedule) . . . Total deductions. Add lines 12 through 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75,500 1,755,500 818,500 29 Taxable income before net operating loss deduction and special deductions. Subtract line 27 from line 11 . Less: a Net operating loss deduction (see instructions) . . . . . . . 29a b Special deductions (Schedule C, line 20) . . . . . . . . . 8,400 29b 26 27 28 30 Taxable income. Subtract line 29c from line 28 (see instructions) . . . . . . . . . . . . . 29c 30 810,100 31 32a b Total tax (Schedule J, line 10) . . . . . . . . . . . . . . 31 274,434 . ) d Bal … 32g Refundable credits from Form 3800, line 19c, and Form 8827, line 8c . .

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