Mastering the New Federal Schedule M-3

In the interest of speeding up audits and improving transparency of corporate financials, the IRS in recent months finalized significant changes to Schedule M-3, the detailed income/loss reconciliation statement.

Corporations need to ensure that they clearly understand the revisions affecting the schedules for the 2006 tax year - filed by corporations in 2007 – and that they will provide the government with appropriate documentation.

Company tax staff will be turning to their in-house and outside tax attorneys to explain the demands of the new Schedule M-3, not to mention guide them through the demanding intricacies this filing has always posed.

Listen as our panel of IRS representatives and veteran tax advisors helps to demystify Schedule M-3 in time to prepare 2006 tax year returns.

After listening to the teleconference on CD, you’ll be well-briefed and prepared to handle Schedule M-3 when it comes to:

• Handling all additions to Schedule M-3 since the last time your company filed.
• Reconciling and reporting book-to-taxable income differences.
• Resolving differences in GAAP and statutory accounting.

Our panel includes:

Judy McNamara is a member of the IRS’ pre-filing and technical guidance team as the senior program analyst for Schedule M-3. She’s been heavily involved with all aspects of Schedule M-3 since January 2005, including working with a team on developing all associated forms and coordinating the schedule’s FAQ Web site.

George Manousos is a Washington-based partner in the national tax practice of PricewaterhouseCoopers. In that job, he serves as a national resource for advising clients on complex federal tax issues. George previously was a taxation specialist in the U.S. Treasury Department’s office of tax policy.

Kelly Hodgson is the product manager for InSource income tax products at Thomson/RIA, where she’s worked for six years. She’s also worked as a direct representative and lead business systems analyst on InSource products. Earlier in her career, Kelly was a senior tax accountant for Sammons Corp. and also worked at Deloitte & Touche.

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TELECONFERENCE CD
Purchase a CD of the full conference proceedings (available three weeks after the program).
CPE is not available for CD purchases.