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Statistics of Income

Winter 2016 SOI Bulletin shows drop in foreign income received by U.S. corporations

Winter 2016 SOI Bulletin shows drop in foreign income received by U.S. corporations

SOI Tax Stats — Statistic of Income Bulletin, Winter 2016 IRS has released its Winter 2016 Statistics of Income (SOI) bulletin ( irs.gov/uac/SOI-Tax-Stats-SOI-Bulletin-Winter-2016 ), which provides data on the corporate foreign tax credit, foreign recipients of U.S. income, nonprofit organizations, and sales of capital assets by individuals. The data show, among other things, a notable […]

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Washington Alert – IRS warns of scam related to flooding; Volkswagen scandal prompts investigation by Senate; Tax return filings of businesses are on the rise

Washington Alert – IRS warns of scam related to flooding; Volkswagen scandal prompts investigation by Senate; Tax return filings of businesses are on the rise

IRS issued a consumer warning concerning possible scams related to the severe flooding this month in South Carolina and neighboring states. (IR 2015-114) According to the agency, fraudulent schemes may involve contact by telephone, email, social media, or face-to-face solicitations. Among the tips offered by IRS were – donate to recognized charities; exercise caution when […]

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Statistics of Income Bulletin Highlights Foreign-Controlled Domestic Corps & High-Income Returns

Statistics of Income Bulletin Highlights Foreign-Controlled Domestic Corps & High-Income Returns

Summer 2015 Statistics of Income Bulletin, at irs.gov/uac/SOI-Tax-Stats-SOI-Bulletin-Summer-2015 IRS has released the Summer 2015 issue of the Statistics of Income (SOI) Bulletin, a quarterly bulletin that provides the most recent data available from various tax and information returns filed by U.S. taxpayers. The Summer SOI features detailed articles on foreign-controlled domestic corporations, high-income tax returns for […]

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IRS Statistics of Income reports individual income and charitable contribution statistics

IRS Statistics of Income reports individual income and charitable contribution statistics

IRS has released the Spring 2015 issue of the Statistics of Income (SOI) Bulletin, which contains four detailed articles and which features preliminary data for individual income tax returns filed for Tax Year 2013.  Click here for the announcement. Background. The SOI Bulletin is produced on a quarterly basis. It provides the most recent data […]

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JCT Report Shows U.S. Individual Tax Share Grows, Corporates Lag

JCT Report Shows U.S. Individual Tax Share Grows, Corporates Lag

WASHINGTON (Reuters) – Tax collections from individual Americans last year reached their highest share of the U.S. economy in seven years while corporate tax revenue again lagged historical averages, a new congressional report showed on Monday. The Joint Committee on Taxation (JCT) said in a review of the tax system that individual federal income tax […]

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Recently issued income tax statistics reflect 8.7% rise in taxpayer income for 2012

Recently issued income tax statistics reflect 8.7% rise in taxpayer income for 2012

IR 2014-83 IRS has announced the availability of the 2012 Statistics of Income (SOI) for Individual Income Tax Returns, Publication 1304 (Rev. 08-2014), on its website (irs.gov/pub/irs-soi/12inalcr.pdf ). The Report indicates that for the 2012 tax year, taxpayers’ adjusted gross income (AGI), less deficit, reported on these returns totaled $8.4 trillion – an 8.7% increase […]

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SOI Bulletin reports more high-income returns & growth in U.S. taxpayers’ foreign income

SOI Bulletin reports more high-income returns & growth in U.S. taxpayers’ foreign income

IR 2014-69 Click here for the text of Spring 2014 Statistics of Income Bulletin. IRS has released the Spring 2014 issue of the Statistics of Income (SOI) Bulletin, which contains four detailed articles on tax matters pertaining to the 2011 tax year. The Spring 2014 SOI provides analysis on, among other things, the increase in […]

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IR-2014-33 – Winter 2014 Statistics of Income Bulletin Now Available

IR-2014-33 – Winter 2014 Statistics of Income Bulletin Now Available

The Internal Revenue Service announced the availability of the winter 2014 issue of the Statistics of Income Bulletin, which features preliminary data for individual income tax returns filed for Tax Year 2012. The Statistics of Income (SOI) Division produces the SOI Bulletin on a quarterly basis. Articles included in the publication provide the most recent […]

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IRS releases statistics on taxpayers filing uncertain tax positions

IRS releases statistics on taxpayers filing uncertain tax positions

IRS has released statistics on taxpayers filing uncertain tax positions (UTPs) for the 2012 tax year. Certain corporate taxpayers must file Schedule UTP (Uncertain Tax Position Statement) and provide IRS with information about tax positions that affect their U.S. federal income tax liabilities if they have assets equal to or exceeding $50 million (for 2012) […]

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IRS Tax Stats 2013 – 23

IRS Tax Stats 2013 – 23

1. 2011 Estimated Data Line Counts ——————————————————————————– The 2011 Statistics of Income (SOI) estimated data line counts publication presents estimates of frequencies of taxpayer entries on the lines of the forms and schedules filed with individual tax returns as shown on the 2011 Individual SOI Complete Report file. The statistics are based on a sample […]

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Fall Statistics Of Income Bulletin reports that income and tax receipts increased in 2011

Fall Statistics Of Income Bulletin reports that income and tax receipts increased in 2011

IR 2014-2 – Statistics of Income Bulletin, Fall, is the fall 2013 edition of IRS’s Statistics of Income (SOI) bulletin, reporting on returns filed for the 2011 tax year, carries tangible evidence for the second consecutive year of the economic recovery that began to take hold in 2010. It found increases in many categories of […]

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Foreign Recipients of US Income Study, 2011 Tax Year

Foreign Recipients of US Income Study, 2011 Tax Year

Two tables presenting data for Tax Year 2011 from Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, are now available here. The tables include statistics for the number of returns, total income, tax withheld, income subject to withholding, income exempt from withholding, and income by category. Data are available by selected countries and […]

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IRS Summer Statistics of Income Bulletin shows slight rise in average wage income in 2010 & provides other data

IRS Summer Statistics of Income Bulletin shows slight rise in average wage income in 2010 & provides other data

IRS has announced, in IR 2013-73, the availability of the Summer 2013 issue of the Statistics of Income (SOI) Bulletin. The Bulletin features data from Form W-2, Wage and Tax Statement, filed with individual income tax returns for tax years 2010. It also includes information on sole proprietorship returns filed for the 2011 tax year, […]

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Tax Stats 2013-13 — Split-Interest Trust Statistics, Filing Year 2012

Tax Stats  2013-13 —   Split-Interest Trust Statistics, Filing Year 2012

Split-Interest Trust Statistics, Filing Year 2012 Eleven tables are now available for split-interest trusts for Filing Year 2012 (Form 5227). These data tables include charitable remainder unitrusts, charitable remainder annuity trusts, charitable lead trusts, and pooled income funds. The tables cover income streams, asset values, and distribution information classified by trust type and the end-of-year […]

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Tax Stats 2013 – 12 Nonprofit Charitable and Other Tax-Exempt Organizations, 2010

Tax Stats 2013 – 12 Nonprofit Charitable and Other Tax-Exempt Organizations, 2010

Nonprofit Charitable and Other Tax-Exempt Organizations, 2010 – Four tables containing data from SOI’s Tax Year 2010 study of tax-exempt organizations (excluding private foundations) are now available on the Tax Stats Web pages. The tables contain balance sheet, income statement, and functional expense data from Forms 990 and 990-EZ filed by organizations exempt under Internal […]

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IRS statistics show how corporations are faring

IRS statistics show how corporations are faring

IRS has recently released a Statistics of Income (SOI) Tax report based on corporate income tax returns for the 2010 tax year (defined to include accounting periods ending July 2010 through June 2011). The report provides a summary of statistics, including the number of returns, total assets, total receipts, and net income (less deficit), income […]

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Winter 2013 Statistics of Income Bulletin Now Available

Winter 2013 Statistics of Income Bulletin Now Available

WASHINGTON — The Internal Revenue Service announced that the winter 2013 issue of the Statistics of Income Bulletin is available at IRS.gov. The winter 2013 issue features preliminary data from more than 145 million individual income tax returns for tax year 2011. The Statistics of Income (SOI) Division produces the SOI Bulletin on a quarterly […]

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IRS Releases 2012 Fall Statistics of Income Bulletin

IRS Releases 2012 Fall Statistics of Income Bulletin

Statistics of Income (SOI) has released the 2012 Fall SOI Bulletin. Articles included in the publication provide the most recent data available from various tax and information returns filed by U.S. taxpayers. Fall 2012 SOI Bulletin This issue of the SOI Bulletin includes articles on the following topics: Individual Income Tax Returns, 2010, Partnership Returns, […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Member CA Bar Member Orange County Bar US Tax Court Attorney