IRS Releases 1991 Corporation Source Book

WASHINGTON - Corporations filed 3.8 million active federal income tax returns for 1991, reporting S11.4 trillion in total receipts, $350 billion of income subject to tax, and a tax liability of $92.6 billion of income tax after credits.

These and other corporate statistics are reported in the Internal Revenue Service's Publication 1053, 1991 Corporation Source Book, available now. The publication includes aggregate statistics on assets, liabilities, receipts, deductions, tax, and tax credits, presented by industry groups and total asset sizes.

Publication 1053 can be purchased in print or on 35 mm microfilm for $175 and on floppy disk or magnetic tape for $1,500. "A General Description of the Corporation Source Book" (Publication 647) includes a list of industry classifications and tape specifications and is available without charge by calling the Statistics of Income Information Service Office at (202) 874-0410 (Not a toll-free call).

Orders may be sent to the Acting Director, Statistics of Income CP:S, Internal Revenue Service, P.O. Box 2608, Washington, DC 20013-2608. Tape orders should include tape specifications, and all orders should include checks payable to IRS, Accounting Section.

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