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Issue Number:    2019 - 10

Inside This Issue

1. Spring 2019 Statistics of Income Bulletin
2. 2018 IRS Research Bulletin
3. Businesses, Unincorporated Businesses, State and County Tabulations, 2012–2016

WASHINGTON — The Internal Revenue Service announced today that the Spring 2019 Statistics of Income (SOI) Bulletin is now available on IRS.gov. The SOI Division produces the online Bulletin quarterly, providing the most recent data available from various tax and information returns filed by U.S. taxpayers. This issue includes articles on the following topics:

• Sole Proprietorship Returns, Tax Year 2016--For Tax Year 2016, taxpayers reported nonfarm sole proprietorship activity on approximately 25.5 million individual income tax returns, a 1.2-percent increase from 2015. Profits fell to $328.2 billion in 2016, a 1.1-percent decrease from the previous year. In constant dollars, total nonfarm sole proprietorship profits decreased 2.4 percent in 2016. Total profits as a percentage of business receipts were 23.1 percent for 2016, the second highest level in this data series which begins in 1988. The largest percentage increase in profits was reported by the arts, entertainment and recreation sector which increased 19.6 percent or $1.9 billion.
• Partnership Returns, Tax Year 2016--The number of partnerships in the United States continued to increase for Tax Year 2016. Partnerships filed more than 3.7 million returns for the year, representing more than 28 million partners. The real estate and leasing sector contained almost half of all partnerships (49.9 percent) and over a quarter of all partners (29.7 percent).

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The 2018 IRS Research Bulletin (Publication 1500) is now available on IRS's Tax Stats Website. This publication features selected papers from the latest IRS-Tax Policy Center Research Conference held at the Urban Institute in Washington, DC, on June 20, 2018. They  highlight research on factors that contribute to voluntary compliance, behavioral responses to IRS interventions, global tax administration, and future directions in tax administration. The current volume will enable IRS executives, managers, employees, stakeholders, and tax administrators elsewhere to stay abreast of the latest trends and research findings affecting tax administration.

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Fifteen new State and county tables presenting selected financial information on sole proprietorships and partnerships are now available on SOI's Tax Stats Web page. Sole proprietorships reported their information on Form 1040, Schedule C, Profit or Loss From Business, while partnerships filed Form 1065, U.S. Return of Partnership Income. The information is drawn from unedited IRS administrative records for Tax Years 2012–2016.

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