Business, 07.07.2020 18:01 Zhodges5020
In the current year, Woodpecker, Inc., a C corporation with $8,500,000 in assets, reported amortization of $40,000 on its financial statements and deducted amortization of $55,000 on its Federal tax return.
(1) Is Woodpecker required to file a Schedule M-3?
If Woodpecker is required to file a Schedule M-3, the difference in amortization amounts treated on that schedule is reported on line 28, Part III as follows:
(2) $40000 in column (a) .
(3) $15000 in column (b) .
(4) $55000 in column (d) .
Answers: 1
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