Form Schedule M-3 Schedule M-3 Net Income (Loss) Reconciliation for Certain Partnership

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I.R.S. SPECIFICATIONS

TO BE REMOVED BEFORE PRINTING

INSTRUCTIONS TO PRINTERS
SCHEDULE M-3 (FORM 1065), PAGE 1 of 4
MARGINS: TOP 13mm (1⁄ 2 ") CENTER SIDES.
PAPER: WHITE WRITING, SUB. 20.
FLAT SIZE: 216mm (81⁄ 2 ") 3 279mm (11")
PERFORATE: (NONE)

Date

PRINTS: HEAD TO HEAD
INK: BLACK

DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

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

Name of partnership

Action

Date

Signature

O.K. to print
Revised proofs
requested

Net Income (Loss) Reconciliation
for Certain Partnerships

OMB No. 1545-0099

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©

Attach to Form 1065 or Form 1065-B.
© See separate instructions.

2008

Employer identification number

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

E

Voluntary Filer

Part I

Identifying Number

Maximum Percentage Owned or
Deemed Owned

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.
/
/
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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), and on Schedule M-2, line 2.
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

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

Cat. No. 39669D

Schedule M-3 (Form 1065) 2008

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I.R.S. SPECIFICATIONS

TO BE REMOVED BEFORE PRINTING

INSTRUCTIONS TO PRINTERS
SCHEDULE M-3 (FORM 1065), PAGE 2 of 4
MARGINS: TOP 13mm (1⁄ 2 ") CENTER SIDES.
PAPER: WHITE WRITING, SUB. 20.
FLAT SIZE: 216mm (81⁄ 2 ") 3 279mm (11")
PERFORATE: (NONE)

PRINTS: HEAD TO HEAD
INK: BLACK

DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Page

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

Part II

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Reconciliation of Net Income (Loss) per Income Statement of Partnership with Income (Loss) per
Return
Income (Loss) Items

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

2

Employer identification number

(a)
Income (Loss) per
Income Statement

(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

(

(b)
Temporary
Difference

)

(c)
Permanent
Difference

(d)
Income (Loss) per
Tax Return

(

)

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

Total income
through 22

24

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

25
26

Other items with no differences
Reconciliation totals. Combine lines 23 through 25

(loss)

items. Combine

lines

1

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

3
I.R.S. SPECIFICATIONS

TO BE REMOVED BEFORE PRINTING

INSTRUCTIONS TO PRINTERS
SCHEDULE M-3 (FORM 1065), PAGE 3 of 4 (Page 4 is Blank)
MARGINS: TOP 13mm (1⁄ 2 ") CENTER SIDES.
PRINTS: HEAD TO HEAD
PAPER: WHITE WRITING, SUB. 20.
INK: BLACK
FLAT SIZE: 216mm (81⁄ 2 ") 3 279mm (11")
PERFORATE: (NONE)

DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Page

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

Part III

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Reconciliation of Net Income (Loss) per Income Statement of Partnership With Income (Loss) per
Return—Expense/Deduction Items
Expense/Deduction Items

1
2
3

3

Employer identification number

(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