January 10, 1990
1986 Corporation Income Tax Returns
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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