Question

Corporations are required to file a tax return only if their taxable income is greater than:

1) 0
2) 1,000
3) 600
4) 750
5) None of the choices are correct
6) Corporations are always required to file a tax return

Answer 1

Corporations are always required to file a tax return, regardless of their taxable income.

Step-by-step explanation:

Corporations are always required to file a tax return, regardless of their taxable income. The income tax return is an important way for corporations to report their financial activities and pay taxes on any profits they have earned. Even if a corporation doesn't have any taxable income, it still needs to file a tax return.