Skip to main content
Balance Sheet and Schedule M1 M2 M3
Search
Search GoSystem Tax RS Help and Support.

This article applies to:

  • Product: GoSystem Tax RS
  • Return type: 1120 Corporation,1065 Partnership
  • Subject: Tax Accounting System,Chart of Accounts

Set up user-defined Schedule M-3 Codes

  1. Select
    Charts
    .
  2. Select
    Federal
    , then
    Schedule M-3 Line Coding
    .
  3. Select the
    Year
     and
    Return Type
    .
    tip
    You can use the
    Export
     option to use Microsoft Excel to set up Schedule M-3 Codes. When you're finished adding data, save the file as a .csv type and then use the
    Import
     option to get the data into the application.
  4. Expand
    Part II
     and
    Part III
     as needed.
  5. Select
    Add
    , and then enter a new code and description.
    • The code can be no more than 12 digits and alphanumeric.
    • The description can be up to 40 characters long.
    • You can create multiple codes for certain Schedule M-3 lines.
    • The IRS requires additional whitepaper detail for specific lines of Schedule M-3, which the application handles when you add multiple codes for a line.
    • Some lines must be coded to correspond with Form 8916-A.
  6. Repeat for each line as needed for the whitepaper report.
  7. Select
    Close
     when you're finished.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close