Intermediate S Corps: Schedule M-3



Course Year: 2013
Course Level: Intermediate
Prerequisite: NATP's Preparing S Corporation Returns course of basic knowledge of Form 1120S preparation
Advance Preparation: None
Delivery Method: Self-Study

Note: This course is also included in the Intermediate S Corporations course .

CPE Credits Designation Field of Study
IRS * 1 EA Federal Tax Law Topic
CTEC 1 CRTP Federal Tax Law Topic
CFP Board 0 CFP® N/A


* NATP will report CPE credits to the IRS for all PTIN holders. CPE is currently not mandatory for RTRPs or RTRP candidates and any option to register or participate in this program is strictly voluntary.


Fees: $30 for Members and $40 for Nonmembers


Reconciling an S corporation’s book income and tax income is an integral part of accurately preparing Form 1120S. Smaller S corporations use Schedule M-1 to reconciled book income to tax income. However, certain larger S corporations are required use Schedule M-3 to complete the reconciliation. In this module, learn to identify necessary adjustments and where to report them on Schedule M-3.

Upon completion of this course, the tax professional will be able to:

  • Reconcile income per your clients’ books to income reported on Form 1120S.
  • Complete Schedule M-3.
  • Complete Form 8916-A.

For more information regarding refund, complaint and/or program cancellation policies, please contact our Member Services Department at 800.558.3402, ext. 3.

CPE Sponsor Information

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PO Box 8002, Appleton, WI 54912-8002 Phone: 800.558.3402 Fax: 800.747.0001

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