Is this short period return considered a tax year for Schedule M-3 purposes?
A. Yes. This short period return is considered a tax year for Schedule M-3 purposes. If B is required to file Schedule M-3 for 2005 then A is also required to file Schedule M-3. Since this is the second tax year A is required to file Schedule M-3 it must complete the entire Schedule M-3 including columns (a) and (d) of Parts II and III.
Related Questions
- Is the tax year 7/1/05-12/31/05 considered the first tax year this entity is required to file Schedule M-3 for purposes of completing columns (a) and (d) of Parts II and III?
- If a corporation files a short period or final year return and the tax period ends on November 30, 2005 are they required to e-file?
- Is this short period return considered a tax year for Schedule M-3 purposes?
