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CO online Form 1120 (Schedule M-3): What You Should Know

As of January 1, 2017, the following entities that meet all the following criteria will no longer be allowed to use Schedule M, Part I: · A corporation that has a total assets of 10,000,000 or less ; · A partnership with a total asset of 10,000,000 or less. This makes it easier to file your return the beginning of each of these tax years. You will now need to attach Form 1120-L to your return. A complete copy of your most recent tax return filed at the end of each tax year remains required. But, the IRS no longer requires your complete return to be printed out to you. So, if your return is due by April 15th, and you mail a form to the IRS, you will be able to use Form 6251(a) with a return that is not printed out.

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