Permanent adjustments on Schedule M-1 (Form 1065) include: Premiums paid for life insurance policies on key employees, lobbying expenses, and tax exempt interest. Start up costs, depletion, and inventory costs. Section 179 expensing, uniform capitalization adjustments, and expenses related to tax exempt income. Depreciation, amortization, and depletion.
Permanent adjustments on Schedule M-1 (Form 1065) include: Premiums paid for life insurance policies on key employees, lobbying expenses, and tax exempt interest. Start up costs, depletion, and inventory costs. Section 179 expensing, uniform capitalization adjustments, and expenses related to tax exempt income. Depreciation, amortization, and depletion.
Chapter22: S Corporations
Section: Chapter Questions
Problem 9DQ
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Permanent adjustments on Schedule M-1 (Form 1065) include:
Premiums paid for life insurance policies on key employees, lobbying expenses, and tax exempt interest.
Start up costs, depletion, and inventory costs.
Section 179 expensing, uniform capitalization adjustments, and expenses related to tax exempt income.
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