Article: TEI comments on proposed Schedule M-3 of Form 1120: June 7, 2004.

On June 7, 2004, Tax Executives Institute filed the following comments to the Internal Revenue Service's Large and Midsize Business Division on the design and implementation of proposed Schedule M-3. The comments were prepared under the aegis of the Institute's Federal Tax Committee, whose chair is Neil D. Traubenberg of Storage Technology Corporation.

The following comments summarize Tax Executives Institute's discussions with LMSB and Treasury concerning the design of proposed Schedule M-3 and accompanying instructions, and other matters related to them.

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