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May 2004 T e an m C h e v e l l e Volume 1, Issue 5 M e m b e r s O n l i n e Page: 1 N e w s l e t t e r MAY FEATURE CHEVELLE 1971 Chevelle Official Sponsor: Ground Up Restorations Inside this issue:
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CHEV stands for Corporate Income Tax Return.
All corporations are required to file a CHEV.
You can fill out CHEV by providing detailed information about the corporation's income, expenses, and deductions.
The purpose of CHEV is to report and calculate the corporation's taxable income.
The information to be reported on CHEV includes the corporation's total income, deductions, credits, and taxes owed.
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