Publication 542 - Introductory Material
Attention: This publication will no longer be revised on an annual basis. To find changes that may affect current year returns, see
What's New in your income tax return instructions; Publication 553; and What's Hot In Tax Forms, Pubs, and Other Tax Products at www.irs.gov/formspubs. To comment on this revision process, see Comments and suggestions on page 2.
Photographs of missing children. The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs of
selected by the Center may appear in this publication on pages that would otherwise be blank. You can help bring these children
home by looking at the
photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child.
This publication discusses the general tax laws that apply to ordinary domestic corporations. It explains the tax law in plain
language so it will
be easier to understand. However, the information given does not cover every situation and is not intended to replace the
law or change its meaning.
Comments and suggestions.
We welcome your comments about this publication and your suggestions for future editions.
You can write to us at the following address:
Internal Revenue Service
Business Forms and Publications Branch
1111 Constitution Ave. NW, IR-6406
Washington, DC 20224
We respond to many letters by telephone. Therefore, it would be helpful if you would include your daytime phone number,
including the area code, in
You can email us at
. (The asterisk must be included in the
address.) Put “Publications Comment
” on the subject line. Although we cannot respond individually to each comment, we do appreciate your feedback
and will consider your comments as we revise our tax products.
If you have a tax question, visit
or call 1-800-829-1040. We cannot answer tax
questions at either of the addresses listed above.
Ordering forms and publications.
forms and publications, call 1-800-829-3676, or write to the National Distribution Center at the address shown under How to Get Tax Help
page 22 of this publication.
See page 24 for a list of forms that a corporation may need to file in addition to the forms discussed throughout
Useful Items - You may want to see:
Accounting Periods and Methods
Sales and Other Dispositions of Assets
Passive Activity and At-Risk Rules