Which corporations are required to file a Schedule M-3?
A)S corporations with assets of $10,000,000 or more
B)C corporations with assets of $1,000,000 or more
C)publicly held C corporations with assets of $5,000,000 or more
D)C corporations with assets of $10,000,000 or more

Question

Quizplus · Accepted Answer

According to the IRS instructions, C corporations with assets of $10,000,000 or more are required to file a Schedule M-3. S corporations are not required to file Schedule M-3, and the asset thresholds for publicly held C corporations and C corporations in general are different. Therefore, option D is the best choice.

Which Corporations Are Required to File a Schedule M-3