Schedule M-3 Update for 2012 and 2013
Subject always to a possible need to reflect changes in law, there are no other planned changes to Schedule M-3 forms for tax year 2012. In addition, while no changes have yet been identified for the tax year 2013 Schedule M-3 forms, an IRS M-3 Study Group was formed following the enactment of the Form 1120 Schedule UTP requirements (see Announcement 2010-75) and charged with seeking to reduce any duplicate reporting between Schedule UTP and Schedule M-3. The M-3 Working Group has obtained input from external and internal stakeholders and is currently reviewing and considering that information in conjunction with findings from the first year of Schedule UTP implementation.
Related Link: Schedule M-3 for Large Business & International (LB&I)