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In general, a corporation is not required to file Schedule M-1(Reconciliation of Income (Loss) per...

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Accounting

In general, a corporation is not required to file Schedule M-1(Reconciliation of Income (Loss) per Books with Income per Return) along with their Form 1120 if: total assets and total receipts are less than $250,000. total liabilities are less than $250,000. net income per books is less than $25,000. taxable income is less than $25,000.

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