The income tax rates for corporate taxpayers apply to taxable estates and trusts. O True False For a trust to be taxable, it must be revocable both as to corpus and income. True O False Estates and trusts are required to file a declaration of estimated income for the current taxable year on or before December 31 of the same taxable year. O True False The taxable income of an estate or trust shall be computed in the same manner and on the same basis as in the case of a corporation. True O False Taxable estates are estates of deceased persons judicially settled. True False