IRS Form 8916 "Reconciliation of Schedule M-3 Taxable Income With Tax Return Taxable Income for Mixed Groups"

IRS Form 8916 or the "Reconciliation Of Schedule M-3 Taxable Income With Tax Return Taxable Income For Mixed Groups" is a form issued by the U.S. Department of the Treasury - Internal Revenue Service.

The form was last revised in September 1, 2018 and is available for digital filing. Download an up-to-date IRS Form 8916 in PDF-format down below or look it up on the U.S. Department of the Treasury - Internal Revenue Service Forms website.

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Download IRS Form 8916 "Reconciliation of Schedule M-3 Taxable Income With Tax Return Taxable Income for Mixed Groups"

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8916
Reconciliation of Schedule M-3 Taxable Income With
Form
Tax Return Taxable Income for Mixed Groups
OMB No. 1545-0123
(Rev. September 2018)
Attach to Schedule M-3 for Forms 1120, 1120-L, or 1120-PC.
Department of the Treasury
Go to www.irs.gov/Form8916 for the latest information.
Internal Revenue Service
Name(s) as shown on return
Employer identification number
Enter total tax reconciliation amount from the applicable line of
1
Schedule M-3. See instructions
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1
2 a Life/non-life loss limitation amount
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2a
b Phased inclusion of balance of policyholders surplus account
(Form 1120-L, page 1, line 24) .
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2b
c (1) Non-life capital loss limitation .
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2c(1)
(2) Life capital loss limitation
2c(2)
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d (1) Non-life charitable deduction limitation .
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2d(1)
(2) Life charitable deduction limitation
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2d(2)
e (1) Non-life dual consolidated loss amount disallowed .
2e(1)
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(2) Life dual consolidated loss amount disallowed
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2e(2)
3
3
Combine lines 1 through 2e(2) .
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4a (1) 1120-PC net operating loss deduction .
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4a(1)
(2) 1120-L net operating loss deduction .
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4a(2)
(3) 1120 net operating loss deduction
4a(3)
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b (1) Non-life dividends received deduction
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4b(1)
(2) Life dividends received deduction
4b(2)
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c (1) Non-life capital loss carryforward used .
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4c(1)
(2) Life capital loss carryforward used
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4c(2)
d (1) Non-life charitable deduction carryforward used .
4d(1)
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(2) Life charitable deduction carryforward used
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4d(2)
5
Add lines 4a(1) through 4d(2)
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5
6
Subtract line 5 from line 3
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6
7
Other adjustments to reconcile to taxable income on tax return (attach schedule) .
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7
8
Total. Combine lines 6 and 7. This amount must equal the amount reported on the “Taxable
8
income” line of the consolidated Form 1120, Form 1120-L, or Form 1120-PC. See instructions
8916
For Paperwork Reduction Act Notice, see instructions.
Form
(Rev. 9-2018)
Cat. No. 37727E
8916
Reconciliation of Schedule M-3 Taxable Income With
Form
Tax Return Taxable Income for Mixed Groups
OMB No. 1545-0123
(Rev. September 2018)
Attach to Schedule M-3 for Forms 1120, 1120-L, or 1120-PC.
Department of the Treasury
Go to www.irs.gov/Form8916 for the latest information.
Internal Revenue Service
Name(s) as shown on return
Employer identification number
Enter total tax reconciliation amount from the applicable line of
1
Schedule M-3. See instructions
.
.
.
.
.
.
.
.
.
.
.
1
2 a Life/non-life loss limitation amount
.
.
.
.
.
.
.
.
.
.
2a
b Phased inclusion of balance of policyholders surplus account
(Form 1120-L, page 1, line 24) .
.
.
.
.
.
.
.
.
.
.
.
2b
c (1) Non-life capital loss limitation .
.
.
.
.
.
.
.
.
.
.
2c(1)
(2) Life capital loss limitation
2c(2)
.
.
.
.
.
.
.
.
.
.
.
.
d (1) Non-life charitable deduction limitation .
.
.
.
.
.
.
.
2d(1)
(2) Life charitable deduction limitation
.
.
.
.
.
.
.
.
.
2d(2)
e (1) Non-life dual consolidated loss amount disallowed .
2e(1)
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.
.
(2) Life dual consolidated loss amount disallowed
.
.
.
.
.
2e(2)
3
3
Combine lines 1 through 2e(2) .
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.
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.
.
.
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.
.
.
.
.
.
4a (1) 1120-PC net operating loss deduction .
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.
.
.
.
.
.
4a(1)
(2) 1120-L net operating loss deduction .
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.
.
.
.
.
.
4a(2)
(3) 1120 net operating loss deduction
4a(3)
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.
.
b (1) Non-life dividends received deduction
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.
.
.
.
.
.
.
4b(1)
(2) Life dividends received deduction
4b(2)
.
.
.
.
.
.
.
.
.
c (1) Non-life capital loss carryforward used .
.
.
.
.
.
.
.
4c(1)
(2) Life capital loss carryforward used
.
.
.
.
.
.
.
.
.
4c(2)
d (1) Non-life charitable deduction carryforward used .
4d(1)
.
.
.
.
(2) Life charitable deduction carryforward used
.
.
.
.
.
.
4d(2)
5
Add lines 4a(1) through 4d(2)
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5
6
Subtract line 5 from line 3
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6
7
Other adjustments to reconcile to taxable income on tax return (attach schedule) .
.
.
.
.
7
8
Total. Combine lines 6 and 7. This amount must equal the amount reported on the “Taxable
8
income” line of the consolidated Form 1120, Form 1120-L, or Form 1120-PC. See instructions
8916
For Paperwork Reduction Act Notice, see instructions.
Form
(Rev. 9-2018)
Cat. No. 37727E
2
Form 8916 (Rev. 9-2018)
Page
Line 2a. Life/non-life loss limitation amount. Enter any life/
Section references are to the Internal Revenue Code unless
otherwise noted.
non-life loss limitation amount from the supporting workpapers.
See section 1503(c).
Future Developments
Line 4a. Net operating loss (NOL) deduction. Enter any NOL
For the latest information about developments related to Form
deduction from supporting statements for each entity type
8916 and its instructions, such as legislation enacted after they
(Form 1120, 1120-L, and 1120-PC) as figured pursuant to
were published, go to www.irs.gov/Form8916.
section 172(b), as amended by P.L. 115-97, section 13302.
Note: The 2-year carryback rule does not apply to NOLs arising
General Instructions
in tax years ending after December 31, 2017. Exceptions apply
to certain farming losses and NOLs of property and casualty
Purpose of Form
insurance companies. See section 172(b), as amended by P.L.
115-97, section 13302. Separate tracking of the NOL for each
Use Form 8916 to reconcile Schedule M-3 taxable income to
entity type will be required.
tax return taxable income for a mixed group, which is a
consolidated tax group which uses two or more of the following
Line 7. Other adjustments to reconcile to taxable income on
tax return forms: Form 1120, 1120-L, or 1120-PC. A mixed
tax return. Enter on line 7 any other adjustments necessary to
group is a consolidated tax group that (1) includes both a
reconcile to taxable income reported on the consolidated
corporation that is an insurance company, and a corporation
income tax return from the supporting workpapers and attach a
that is not an insurance company, (2) includes both a life
short explanation of the adjustment.
insurance company and a property and casualty insurance
Line 8. Total. The amount on line 8 must equal the “Taxable
company, or (3) includes a life insurance company, a property
income” line of the applicable consolidated income tax return.
and casualty insurance company, and a corporation that is not
For example, see the 2018 Form 1120, page 1, line 30; 2018
an insurance company.
Form 1120-L, page 1, line 25; or 2018 Form 1120-PC, Schedule
Who Must File
A, line 37.
Form 8916 must be filed by a mixed group consisting of filers of
Paperwork Reduction Act Notice. We ask for the information
Form 1120, 1120-L, or 1120-PC that is required to file Schedule
on this form to carry out the Internal Revenue laws of the United
M-3.
States. You are required to give us the information. We need it
to ensure that you are complying with these laws and to allow
How To File
us to figure and collect the right amount of tax.
Attach Form 8916 to the consolidated Schedule M-3. Taxpayers
You are not required to provide the information requested on
must summarize the taxpayer tax return taxable income
a form that is subject to the Paperwork Reduction Act unless
calculation workpapers on Form 8916 and retain those
the form displays a valid OMB control number. Books or
workpapers. The taxable income calculation workpapers need
records relating to a form or its instructions must be retained as
not be submitted with the Form 8916.
long as their contents may become material in the
administration of any Internal Revenue law. Generally, tax
Specific Instructions
returns and return information are confidential, as required by
section 6103.
Note: All line references to Form 1120-L, Form 1120-PC, and
The time needed to complete and file this form will vary
Form 1120 are to the 2018 forms.
depending on individual circumstances. The estimated burden
Line 1. Schedule M-3 tax reconciliation amount. The amount
for business taxpayers filing this form is approved under OMB
on line 1 must equal the tax reconciliation amount from the
control number 1545-0123.
applicable line of Schedule M-3. For example, this amount was
If you have comments concerning the accuracy of these time
reported on Part II, line 30, column (d), of the 2018 Schedule
estimates or suggestions for making this form simpler, we would
M-3 for Form 1120, 1120-L, or 1120-PC.
be happy to hear from you. See the instructions for the tax
return with which this form is filed.
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