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Schedule M-1: Reconciles the income of the business books and records to line 1 of the Analysis of Net Income section of the tax return.

Schedule M-1: Reconciles the income of the business books and records to line 1 of the Analysis of Net Income section of the tax return. Includes both temporary and permanent adjustments that show the differences between the books and records. Includes all guaranteed payments paid to partners. Includes all nondeductible travel and entertainment expenses

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