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Does Treasury and IRS intend to update Schedule M-3 annually?

April 26, 2017annually intend IRS M-3 schedule Treasury

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Does Treasury and IRS intend to update Schedule M-3 annually?

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A. There is no specific timeframe for updating Schedule M-3. Schedule M-3 will be updated as necessary to ensure that Schedule M-3 obtains information on emerging issues and evolving business trends. There is no intention to materially change the schedule each year as this would cause burden on the taxpayers and the tax software developers.