Both corporations and trusts are required to report their income by filing an income tax return for each taxation year. Question content area bottom Part 1 A. True, corporations and trusts are required to file an income tax return to report their income for each taxation year. B. False, corporations are only required to file an income tax return if they meet a certain profit threshold. C. False, only trusts are required to file an income tax return to report their income for each taxation yea