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Form 1120sm: Net Income (Loss) Reconciliation for Corporations With Total Assets of $10 Million or More

Use Tax Form 1120sm: Net Income (Loss) Reconciliation for Corporations With Total Assets of $10 Million or More as a stand alone tax form calculator to quickly calculate specific amounts for your 2017 tax return. Form 1120sm: Net Income (Loss) Reconciliation for Corporations With Total Assets of $10 Million or More is also integrated into our comprehensive US Tax Calculator where you can complete and save your calculations for later use. Alternatively you can use one of our Combined Federal and State Tax Estimator to quickly calculate your salary, tax and take home pay.

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Net Income (Loss) Reconciliation for Corporations With Total Assets of $10 Million or More


Check applicable box(es):(1)
(3)
(2)
(4)
Part I Financial Information and Net Income (Loss) Reconciliation (see instructions)
1aDid the corporation file SEC Form 10-K for its income statement period ending with or within this tax year?

bDid the corporation prepare a certified audited non-tax-basis income statement for that period?

cDid the corporation prepare a non-tax-basis income statement for that period?

2a
bHas the corporation’s income statement been restated for the income statement period on line 2a?

cHas the corporation’s income statement been restated for any of the five income statement periods immediately preceding the period on line 2a?

3aIs any of the corporation’s voting common stock publicly traded?
b
c
4a4a
bIndicate accounting standard used for line 4a (see instructions):
(1)   (2)   (3)   (4)   (5)
5a5a
b5b
6a6a
b6b
7a7a
b7b
c7c
88
99
10a10a
b10b
c10c
11
Note: Part I, line 11, must equal Part II, line 30, column (a) or Schedule M-1, line 1 (see instructions).
11
12Enter the total amount (not just the corporation’s share) of the assets and liabilities of all entities included or removed on the following lines.
Total AssetsTotal Liabilities
a
b
c
d


Check applicable box(es):   (1)   (2)   (3)   (4)   (5)
Check if a sub-consolidated:   (6)   (7)


Part II Reconciliation of Net Income (Loss) per Income Statement of Includible Corporations With Taxable Income per Return (see instructions)

(Attach statements for lines 1 through 12)

Income (Loss) per Income Statement

Temporary Difference

Permanent Difference

Income (Loss) per Tax Return
1
2
3
4
5
6
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23a
b
c
d
e
f
g
24
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28
29a
b
c
30
Note: Line 30, column (a), must equal Part I, line 11, and column (d) must equal Form 1120, page 1, line 28.


Check applicable box(es):   (1)   (2)   (3)   (4)   (5)
Check if a sub-consolidated:   (6)   (7)


Part III Reconciliation of Net Income (Loss) per Income Statement of Includible Corporations With Taxable Income per Return—Expense/Deduction Items (see instructions)

Expense per Income Statement

Temporary Difference

Permanent Difference

Deduction per Tax Return
1
2
3
4
5
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38

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