Form Schedules M-1 & M- Schedules M-1 & M- M-1: Reconciliation of Income (Loss) per Books With Inco

Form 1120S (2013)

Schedule M-1

Page

5

Reconciliation of Income (Loss) per Books With Income (Loss) per Return
Note. Schedule M-3 required instead of Schedule M-1 if total assets are $10 million or more—see instructions

1

Net income (loss) per books

2

Income included on Schedule K, lines 1, 2, 3c, 4,
5a, 6, 7, 8a, 9, and 10, not recorded on books this
year (itemize)

3

Expenses recorded on books this year not
included on Schedule K, lines 1 through 12 and
14l (itemize):
Depreciation $
Travel and entertainment $

a
b
4

.

.

.

.

.

.

5 Income recorded on books this year not included
on Schedule K, lines 1 through 10 (itemize):
a Tax-exempt interest $

DRAFT AS OF
June 17, 2013
DO NOT FILE

Add lines 1 through 3

Schedule M-2

.

.

.

.

.

.

.

.

6 Deductions included on Schedule K,

lines 1 through 12 and 14l, not charged
against book income this year (itemize):

a Depreciation $

7 Add lines 5 and 6
. . . . .
8 Income (loss) (Schedule K, line 18). Line 4 less line 7

Analysis of Accumulated Adjustments Account, Other Adjustments Account, and Shareholders’
Undistributed Taxable Income Previously Taxed (see instructions)
(a) Accumulated
adjustments account

1
2
3
4
5
6
7
8

Balance at beginning of tax year . . . . .
Ordinary income from page 1, line 21 . . .
Other additions . . . . . . . . . .
(
Loss from page 1, line 21 . . . . . . .
(
Other reductions . . . . . . . . . .
Combine lines 1 through 5 . . . . . . .
Distributions other than dividend distributions
Balance at end of tax year. Subtract line 7 from line 6

(b) Other adjustments
account

)
)(

(c) Shareholders’ undistributed
taxable income previously taxed

)

Form 1120S (2013)