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Corporation Tax Statistics

Written by Sacramento Tax Return Help CPA

Corporation Tax Statistics

reference is 2009 Corporation Source Book compiled by the IRS

Now you can compare your company to every other and see how you stick out against the others. Find your "Red Flags". This is truly a powerful analysis tool.

You can believe that the IRS farms this data over and over. You can alos belive that the same data is compiled for Individuals, S-corporations, Patrnerships, etc.

The data is available in Excel tables as well as compressed file format. The data presents balance sheet, income statement, tax, and other selected items by size of total assets for all returns with and without net income and with net income only. Data tables are available by industrial sectors, major groups within a sector, and minor industries within a major group. Industry detail is based on the North American Industry Classification System (NAICS).

The listing below is shown by industrial sector. You may select: (a) the U.S. Total for aggregated data for all industries; (b) one of the sectors to access data for that sector as well as data for the major groups and minor industries within that sector; or (c) Download all source data contained in the Excel files as one comma separated value (.CSV) file. Click here for more information on this option.

Please visit the Corporation Metadata page for additional information about the Corporation Source Book.

Data are available for years 2000—2009.

U.S. Total
	Agriculture, Forestry, Fishing, and Hunting
	Mining
	Utilities
	Construction
	Manufacturing
	Wholesale and Retail Trade
	Transportation and Warehousing
	Information
	Finance and Insurance
	Real Estate and Rental and Leasing
	Professional, Scientific, and Technical Services
	Management of Companies (Holding Companies)
	Administrative and Support and Waste Management and Remediation Services
	Educational Services
	Health Care and Social Assistance
	Arts, Entertainment, and Recreation
	Accommodation and Food Services
	Other Services
	Not Allocable

Here is an example of the Real Estate Agents and Brokers Corporations data...

2009 Corporation Source Book of Statistics of Income - Real Estate and Rental and Leasing:
Returns of Active Corporations
Balance Sheet, Income Statement, and Selected Items, by Minor Industry, by Size of Total Assets

	(All figures are estimates based on samples--money amounts and size of total assets are in thousands of dollars)
		Size of Total Assets in Thousands (000)
Returns with and without Net Income			$1	$500	$1,000	$5,000
		Zero	under	under	under	under
	Total	Assets	$500	$1,000	$5,000	$10,000

1 Number of returns......................................	130,556	28,711	96,272	2,825	2,256	314
2 Total assets................................................	44,338,911	-	5,578,986	2,004,437	4,283,961	1,925,542
3 Cash........................................................	5,276,006	-	1,909,320	254,821	379,440	149,673
4 Notes and accounts receivable....................	3,062,634	-	216,107	88,723	522,010	107,306
5 Less: Allowance for bad debts...............	200,061	-	-	-	*41	*481
6 Inventories.................................................	*103,519	-	-	-	-	-
7 U.S. govt. obligations, total.........................	*178	-	*178	-	-	-
8 Tax-exempt securities................................	*21,159	-	*21,159	-	-	-
9 Other current assets..................................	5,382,570	-	497,918	276,702	1,013,479	538,089
10 Loans to shareholders...............................	1,225,250	-	715,460	*131,107	106,057	*35,758
11 Mortgage and real estate loans..................	475,737	-	*48,026	*25,738	*73,203	*41,793
12 Other investments.....................................	8,689,307	-	318,091	519,597	766,490	498,290
13 Depreciable assets...................................	13,283,282	-	4,391,818	942,852	1,427,437	556,799
14 Less: Accumulated depreciation............	6,251,771	-	3,073,697	525,458	539,134	144,311
15 Depletable assets.....................................	*51,555	-	*51,555	-	-	-
16 Less: Accumulated depletion................	-	-	-	-	-	-
17 Land........................................................	1,923,471	-	289,820	189,113	323,361	103,189
18 Intangible assets (Amortizable)..................	9,984,021	-	172,508	290,477	83,725	21,770
19 Less: Accumulated amortization...........	868,958	-	98,579	188,250	48,016	11,763
20 Other assets............................................	2,181,011	-	119,301	*-986	175,951	29,432
21 Total liabilities..........................................	44,338,911	-	5,578,986	2,004,437	4,283,961	1,925,542
22 Accounts payable.....................................	4,907,548	-	405,699	55,131	179,057	68,570
23 Mort., notes, and bonds under 1 yr.............	3,540,790	-	570,462	209,219	166,227	377,697
24 Other current liabilities...............................	3,306,652	-	728,226	188,716	251,291	39,402
25 Loans from shareholders............................	3,471,313	-	2,114,524	269,668	675,642	210,170
26 Mort., notes, bonds, 1 yr or more...............	18,271,507	-	1,512,930	468,875	1,753,264	685,050
27 Other liabilities..........................................	4,335,678	-	-60,777	*135,773	100,677	425,639
28 Net worth.................................................	6,505,423	-	307,922	677,056	1,157,803	119,015
29 Capital stock...........................................	1,858,640	-	703,650	109,299	37,218	93,487
30 Additional paid-in capital...........................	9,341,012	-	1,666,342	386,422	755,605	60,390
31 Retained earnings, appropriated................	*92,103	-	-	-	-	*17,451
32 Retained earnings, unappropriated.............	-3,794,814	-	-1,939,763	183,302	387,645	-36,146
33 Less: Cost of treasury stock.................	991,519	-	122,307	*1,967	*22,665	*16,167
34 Total receipts............................................	39,654,417	3,751,446	17,857,444	3,599,365	2,715,110	458,787
35 Business receipts.....................................	37,263,053	3,770,636	17,455,892	3,543,491	2,584,821	394,530
36 Interest....................................................	323,420	*25	19,523	8,027	15,282	12,433
37 Interest on govt. obligations, total...............	974	-	*242	*202	-	*80
38 Rents.......................................................	384,394	*14,258	*33,995	*9,671	*15,518	*34,166
39 Royalties..................................................	*513,330	-	-	-	*3	*28
40 Net ST cap gain less net LT loss................	*2,046	-	*721	*370	*459	*497
41 Net LT cap gain less net ST loss................	152,216	*385	-	*686	*30,413	*3,967
42 Net gain, noncapital assets........................	88,380	-	*37,362	*131	*6,192	*649
43 Dividends, domestic corporations...............	3,969	-	*1,863	*163	*120	*1,231
44 Dividends, foreign corporations...................	*3,505	-	-	-	-	-
45 Other receipts...........................................	919,130	*-33,858	307,847	36,624	62,302	11,207
46 Total deductions.......................................	38,965,090	3,564,019	16,656,903	3,380,346	2,705,686	514,502
47 Cost of goods sold....................................	281,479	*17,646	*2,809	-	15,340	*54
48 Compensation of officers............................	3,344,086	223,090	2,257,366	554,708	68,714	24,888
49 Salaries and wages...................................	15,717,029	1,983,167	5,871,089	1,683,128	1,136,681	114,302
50 Repairs....................................................	369,040	12,802	185,131	21,114	34,298	6,262
51 Bad debts................................................	231,188	*15,105	*12,620	*12,907	*7,215	*32,282
52 Rent paid on business property..................	3,399,187	175,714	1,098,046	106,809	222,872	28,468
53 Taxes paid...............................................	1,084,255	60,014	418,101	95,849	71,269	32,043
54 Interest paid.............................................	1,275,856	21,878	102,632	21,444	63,584	45,298
55 Charitable contributions.............................	12,556	-	9,153	*165	*362	*422
56 Amortization.............................................	293,865	-	9,151	*20,444	3,458	*1,305
57 Depreciation.............................................	608,783	21,575	180,368	46,062	63,421	14,951
58 Depletion..................................................	*[1]	-	-	-	*[1]	-
59 Advertising...............................................	1,532,481	159,449	708,688	117,410	221,311	6,430
60 Pension, profit-sharing, etc., plans..............	268,842	*51,252	132,476	*54,418	*9,409	*1,884
61 Employee benefit programs........................	535,540	*32,759	158,321	31,179	32,525	*5,162
62 Domestic production activities ded..............	-	-	-	-	-	-
63 Net loss, noncapital assets........................	113,613	-	1	*15,039	*2,694	*278
64 Other deductions......................................	9,897,290	789,567	5,510,950	599,672	752,532	200,474
65 Total receipts less total deductions...............	689,327	187,426	1,200,542	219,019	9,424	-55,715
66 Constructive taxable income from
related foreign corporations......................	3,002	-	-	-	-	-
67 Net income (less deficit)...........................	691,355	187,426	1,200,300	218,816	9,424	-55,795
68 Net income..............................................	3,436,337	435,023	2,053,382	296,618	167,003	52,488
69 Deficit.....................................................	2,744,982	247,597	853,082	77,802	157,579	108,282
70 Net income (less def), Form 1120S...............	1,685,691	214,427	1,183,966	237,924	10,342	-26,524
71 Statutory special deductions, total................	1,115,745	*3,813	83,992	*7,545	*7,633	*2,373
72 Net operating loss deduction......................	1,112,873	*3,813	82,681	*7,431	*7,549	*1,512
73 Dividends received deduction......................	2,873	-	*1,311	*114	*84	*862
74 Income subject to tax...............................	207,048	*8,308	87,481	*7,817	14,228	*10,230
75 Total income tax before credits.....................	55,042	*1,651	14,965	*1,465	4,108	*3,122
76 Income tax...............................................	53,542	*1,651	15,257	*1,465	4,108	*3,122
77 Alternative minimum tax............................	*835	-	-	-	-	-
78 Foreign tax credit........................................	-	-	-	-	-	-
79 General business credit...............................	*236	-	[1]	-	38	*196
80 Prior year minimum tax credit......................	*41	-	-	-	-	*41
81 Total income tax after credits...................	54,765	*1,651	14,965	*1,465	*4,070	*2,885
Distributions, except Form 1120S:
82 Cash and property except own stock..........	33,316	-	*25,485	*3,924	*513	*2,391
83 Corporation's own stock.............................	309	-	-	-	-	-





Source: IRS, 2009 Corporation Source Book of Statistics of Income. Publication 1053.

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C corporation as choice of entity

Written by Patrick Islip, CPA

Here is a summary of the major advantages and disadvantages of doing business as a C corporation.

A C corporation allows the business to be treated and taxed as a separate entity from you as the principal owner. A properly structured corporation can protect you from the debts of the business yet enable you to control both day-to-day operations and organic corporate acts such as redemptions, acquisitions, and even liquidations.