High-Income Tax Returns; Partnerships, Withholding on Foreign Recipients of U.S. Income; Fiscal Year Return Projections for the United States; Mid-May Filing Season Statistics for Individuals

Internal Revenue Service (IRS) sent this bulletin at 06/29/2017 10:56 AM EDT

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IRS Tax Stats Dispatch June 29, 2017

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Issue Number:    2017 - 11

Inside This Issue

  1. High-Income Tax Returns, Tax Year 2014
  2. Partnerships, Withholding on Foreign Recipients of U.S. Income, Tax Year 2014
  3. Fiscal Year Return Projections for the United States: 2017-2024
  4. Mid-May Filing Season Statistics for Individuals
  5. Notice of Revised Release Date
  1.  High-Income Tax Returns, Tax Year 2014

High-Income Tax Returns, Tax Year 2014—This annual study provides detailed data on returns with adjusted gross income or expanded income greater than $200,000. The study also looks at high-income, nontaxable returns (HINTs) and the reason for nontaxability. For Tax Year 2014, there were almost 6.3 million individual income tax returns with an expanded income of $200,000 or more, accounting for 4.2 percent of all returns for the year. Of these returns, 9,692 had no worldwide income tax liability. This was a 24.2-percent decline from the number of returns with no worldwide income tax liability in 2013, and the fifth decrease in a row since the all-time high of 19,551 HINTs in 2009.

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  2.  Partnerships, Withholding on Foreign Recipients of U.S. Income, Tax Year 2014

Partnerships, Withholding on Foreign Recipients of U.S. Income, Tax Year 2014—One new table presenting data from Form 8805, Foreign Partner's Information Statement of Section 1446 Withholding Tax, is now available on SOI’s Tax Stats Web page. The table provides U.S. income and tax withheld as reported on Form 8805, by country of residence for Tax Year 2014, and includes the number of returns, total income, income, loss, and tax withheld.

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  3.  Fiscal Year Return Projections for the United States: 2017-2024 (Publication 6292)

Fiscal Year Return Projections for the United States: 2017-2024 (Publication 6292)—This semiannual publication contains United States-level, fiscal year projections for Fiscal Years 2017-2024 of individual and business income tax returns to be filed by the major return categories, including selected detail by the IRS business operating divisions.

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  4.  Mid-May Filing Season Statistics for Individuals

Mid-May Filing Season Statistics for Individuals—This report is now available on the Tax Stats Web page. Published three times per year, the reports include number of returns, total income, total tax, and share of income composed of capital gains, by adjusted gross income category. Data for the May report are based on returns processed through week 20 of the filing season.

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  5.  Notice of Revised Release Date

2014 Corporation Source Book (Publication 1053) - Changed to Pending

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