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San Bernardino Valley College Curriculum Approved: February 2, 2004, Last Updated: January 2004 I. CATALOG DESCRIPTION: A. Department Information: Division: Business & Information Technology Department:
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Cit 031 is a tax form used to report annual income for corporations.
Corporations that have taxable income must file cit 031.
Cit 031 can be filled out electronically or manually, following the instructions provided on the form.
The purpose of cit 031 is to report annual income and calculate the tax liability for corporations.
Information such as total income, deductions, and tax credits must be reported on cit 031.
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