IRS Publishes Latest Statistics of Income

The IRS has issued its annual Statistics of Income (SOI) Bulletin in which trends among the nation's taxpayers in income tax return filing, deductions, filing statuses, and more are analyzed. The latest bulletin covers individual income tax returns filed for 1999 as well as corporate, estate, and not-for-profit returns for the same period of time.

An in-depth analysis is presented of 2.43 million individual income tax returns with 1999 adjusted gross income of $200,000 or more.

The SOI Bulletin contains information grouped by many different categories, such as counties, states, zip codes, marital status, type of form filed, and size of income. Taxpayers groups are compared by tax paid, adjusted gross income, exemptions, deductions, tax items, marital status, and more.

Several articles are also contained in the bulletin on topics that include a historical survey of the highest and lowest income tax rates from 1913 to the present, changes in the law, an analyses of changes in S corporation statistics, the reconciliation between corporate book and tax net income, and various statistics on Federal estate tax returns filed.

The material in the SOI bulletin is available on the IRS Web site. You can order a printed copy of the complete bulletin by writing:

Superintendent of Documents
U.S. Government Printing Office
P.O. Box 371954
Pittsburgh, PA 15250-7954

The annual subscription rate is $41 ($51.25 foreign) and a single issue of the bulletin is $34 ($42.50 foreign).

You may like these other stories...

Legislation coming out of Washington just might reduce homeowners' burden for disaster insurance. It's a topic very much on everyone's minds since the mudslide in Oso, Washington. The loss of human life was...
Divorce is hard, and the IRS isn't going to make it any easier. The IRS generally says "no" to tax deductions that might ease the pain of divorce. In certain circumstances, however, you might be able to salvage...
IRS chief: New rule on the way for tax-exempt groupsIRS Commissioner John Koskinen told the USA Today on Monday that the agency will likely rewrite a proposed rule regulating the political activities of nonprofit groups to...

Upcoming CPE Webinars

Apr 17
In this exciting presentation Excel expert David H. Ringstrom, CPA shares tricks that you can use with pivot tables every day. Remember, either you work Excel, or it works you!
Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.