1986 Corporation Income Tax Returns
Publication Available

WASHINGTON - Total U.S. corporate assets reached about $14 trillion in 1986, an 11-percent increase over the previous year. Total corporate income tax remained at $111 billion from 1985 to 1986, according to the just published 1986 Corporation Income Tax Returns publication. Approximately 3.4 million corporations filed federal income tax returns for 1986, a 4.6-percent increase from 1985.

The IRS publication also contains detailed information on assets, liabilities, receipts, deductions, net income, income tax liability, and tax credits. The 186-page report includes information by industry, asset size, and size of business receipts.

The 1986 Corporation Income Tax Returns (Publication 16) is available for $10 from the Superintendent of Documents, U.S. Government Printing Office, Washington, DC. 20402.

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