Free 2008 Form 1065 (Schedule M-3) - Federal


File Size: 257.6 kB
Pages: 3
Date: December 24, 2008
File Format: PDF
State: Federal
Category: Tax Forms
Author: SE:W:CAR:MP
Word Count: 1,250 Words, 8,259 Characters
Page Size: 611.976 x 791.968 pts (letter)
URL

http://www.irs.gov/pub/irs-pdf/f1065sm3.pdf

Download 2008 Form 1065 (Schedule M-3) ( 257.6 kB)


Preview 2008 Form 1065 (Schedule M-3)
SCHEDULE M-3 (Form 1065)
Department of the Treasury Internal Revenue Service

Net Income (Loss) Reconciliation for Certain Partnerships
Attach to Form 1065 or Form 1065-B. See separate instructions.

OMB No. 1545-0099

2008
Employer identification number

Name of partnership

This Schedule M-3 is being filed because (check all that apply): A The amount of the partnership's total assets at the end of the tax year is equal to $10 million or more. B The amount of the partnership's adjusted total assets for the year is equal to $10 million or more. If box B is checked, enter the amount of adjusted total assets for the tax year . C The amount of total receipts for the taxable year is equal to $35 million or more. If box C is checked, enter the total receipts for the tax year . D An entity that is a reportable entity partner with respect to the partnership owns or is deemed to own an interest of 50 percent or more in the partnership's capital, profit, or loss, on any day during the tax year of the partnership. Name of Reportable Entity Partner Identifying Number Maximum Percentage Owned or Deemed Owned

E

Voluntary Filer

Part I

Financial Information and Net Income (Loss) Reconciliation

1a Did the partnership file SEC Form 10-K for its income statement period ending with or within this tax year? Yes. Skip lines 1b and 1c and complete lines 2 through 11 with respect to that SEC Form 10-K. No. Go to line 1b. See instructions if multiple non-tax-basis income statements are prepared. b Did the partnership prepare a certified audited non-tax-basis income statement for that period? Yes. Skip line 1c and complete lines 2 through 11 with respect to that income statement. No. Go to line 1c. c Did the partnership prepare a non-tax-basis income statement for that period? Yes. Complete lines 2 through 11 with respect to that income statement. No. Skip lines 2 through 3b and enter the partnership's net income (loss) per its books and records on line 4a. / / / / 2 Enter the income statement period: Beginning Ending 3a Has the partnership's income statement been restated for the income statement period on line 2? Yes. (If "Yes," attach an explanation and the amount of each item restated.) No. b Has the partnership's income statement been restated for any of the five income statement periods preceding the period on line 2? Yes. (If "Yes," attach an explanation and the amount of each item restated.) No. 4a 4a Worldwide consolidated net income (loss) from income statement source identified in Part I, line 1 b Indicate accounting standard used for line 4a (see instructions): 1 GAAP 2 IFRS 3 704(b) 4 Tax-basis 5 Other: (Specify) ) 5a ( 5a Net income from nonincludible foreign entities (attach schedule) 5b b Net loss from nonincludible foreign entities (attach schedule and enter as a positive amount) ) 6a ( 6a Net income from nonincludible U.S. entities (attach schedule) 6b b Net loss from nonincludible U.S. entities (attach schedule and enter as a positive amount) 7a 7a Net income (loss) of other foreign disregarded entities (attach schedule) 7b b Net income (loss) of other U.S. disregarded entities (attach schedule) 8 Adjustment to eliminations of transactions between includible entities and nonincludible entities 8 (attach schedule) 9 9 Adjustment to reconcile income statement period to tax year (attach schedule) 10 10 Other adjustments to reconcile to amount on line 11 (attach schedule) 11 11 Net income (loss) per income statement of the partnership. Combine lines 4 through 10 Note. Part I, line 11, must equal the amount on Part II, line 26, column (a). 12 Enter the total amount (not just the partnership's share) of the assets and liabilities of all entities included or removed on the following lines: Total Assets Total Liabilities a b c d Included on Part I, line 4 Removed on Part I, line 5 Removed on Part I, line 6 Included on Part I, line 7
Cat. No. 39669D

For Paperwork Reduction Act Notice, see the Instructions for your return.

Schedule M-3 (Form 1065) 2008

Schedule M-3 (Form 1065) 2008 Name of partnership

Page Employer identification number

2

Part II

Reconciliation of Net Income (Loss) per Income Statement of Partnership with Income (Loss) per Return Income (Loss) Items
(a) Income (Loss) per Income Statement (b) Temporary Difference (c) Permanent Difference (d) Income (Loss) per Tax Return

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

(Attach schedules for lines 1 through 9) Income (loss) from equity method foreign corporations Gross foreign dividends not previously taxed Subpart F, QEF, and similar income inclusions Gross foreign distributions previously taxed Income (loss) from equity method U.S. corporations U.S. dividends Income (loss) from U.S. partnerships Income (loss) from foreign partnerships Income (loss) from other pass-through entities Items relating to reportable transactions (attach details) Interest income (attach Form 8916-A) Total accrual to cash adjustment Hedging transactions Mark-to-market income (loss) Cost of goods sold (attach Form 8916-A) Sale versus lease (for sellers and/or lessors) Section 481(a) adjustments Unearned/deferred revenue Income recognition from long-term contracts Original issue discount and other imputed interest

(

)

(

)

21a Income statement gain/loss on sale, exchange, abandonment, worthlessness, or other disposition of assets other than inventory and pass-through entities b Gross capital gains from Schedule D, excluding amounts from pass-through entities c Gross capital losses from Schedule D, excluding amounts from pass-through entities, abandonment losses, and worthless stock losses d Net gain/loss reported on Form 4797, line 17, excluding amounts from pass-through entities, abandonment losses, and worthless stock losses e Abandonment losses f Worthless stock losses (attach details) g Other gain/loss on disposition of assets other than inventory 22 Other income (loss) items with differences (attach schedule) 23 24 25 26 Total income through 22 (loss) items. Combine lines 1

Total expense/deduction items. (from Part III, line 30) (see instructions) Other items with no differences Reconciliation totals. Combine lines 23 through 25 Note. Line 26, column (a), must equal the amount on Part I, line 11, and column (d) must equal Form 1065, page 5, Analysis of Net Income (Loss), line 1.
Schedule M-3 (Form 1065) 2008

Schedule M-3 (Form 1065) 2008 Name of partnership

Page Employer identification number

3

Part III

Reconciliation of Net Income (Loss) per Income Statement of Partnership With Income (Loss) per Return--Expense/Deduction Items Expense/Deduction Items
(a) Expense per Income Statement (b) Temporary Difference (c) Permanent Difference (d) Deduction per Tax Return

State and local current income tax expense State and local deferred income tax expense Foreign current income tax expense (other than foreign withholding taxes) 4 Foreign deferred income tax expense 5 Equity-based compensation 6 Meals and entertainment 7 Fines and penalties 8 Judgments, damages, awards, and similar costs 9 Guaranteed payments 10 Pension and profit-sharing 11 Other post-retirement benefits 12 Deferred compensation 13 Charitable contribution of cash and tangible property 14 Charitable contribution of intangible property 15 Organizational expenses as per Regulations section 1.709-2(a) 16 Syndication expenses as per Regulations section 1.709-2(b) 17 Current year acquisition/reorganization investment banking fees 18 Current year acquisition/reorganization legal and accounting fees 19 Amortization/impairment of goodwill 20 Amortization of acquisition, reorganization, and start-up costs 21 Other amortization or impairment write-offs 22 Section 198 environmental remediation costs 23a Depletion--Oil & Gas b Depletion--Other than Oil & Gas 24 Intangible drilling & development costs 25 Depreciation 26 Bad debt expense 27 Interest expense (attach Form 8916-A) 28 Purchase versus lease (for purchasers and/or lessees) 29 Other expense/deduction items with differences (attach schedule) 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
Schedule M-3 (Form 1065) 2008

1 2 3