For a consolidated group of corporations,Schedule M-3 reconciles worldwide financial statement net income to the financial statement net income of those corporations permitted to be included in the U.S.consolidated tax return group.

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Schedule M-3 is used to reconcile financial statement net income to taxable income for corporations that file a U.S. consolidated tax return, ensuring that only the income of entities included in the U.S. tax group is considered.

For a Consolidated Group of Corporations,Schedule M-3 Reconciles Worldwide Financial