IRS Releases Statistics of Income -- 1992,
Corporation Income Tax Returns

WASHINGTON - The Internal Revenue Service today announced the availability of its latest report on corporation income tax statistics.

IRS Publication 16, Statistics of Income -- 1992, Corporation Income Tax Returns, contains detailed information on assets, liabilities, receipts, deductions, net income, income tax liability, and tax credits. Tables are presented by industry and asset size (like the Corporation Source Book of Statistics of Income, Publication 1053) and by selected subjects including business receipts size, accounting period ended, return type, and others.

The 1992 report, which covers accounting periods that ended from July 1992 through June 1993, is divided into six sections. Section 1 summarizes the overall corporate activity, section 2 discusses changes in law and regulations, section 3 describes the sample and data limitations, section 4 presents the basic tables, section 5 contains the explanation of terms used in the report, and section 6 consists of facsimiles of the return forms and their instructions.

Increases from the prior year are reported for the number of returns filed, total assets, total receipts, net income (less deficit), income subject to tax, total income tax, and total income tax after credits.

The 301-page report is available for $20 from the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402.

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