Issue Number: 2014 – 25
Inside This Issue
1. Foreign Tax Credit Study, Tax Year 2011
Foreign Tax Credit Study, Tax Year 2011 – Tables presenting statistics for Tax Year 2011 Form 1118, Foreign Tax Credit, are now available. Table 1 includes statistics for the number of returns, total assets, income, deductions, and taxes paid, accrued or deemed paid. These data items are available by major and selected minor industries. Table 2 includes foreign-source gross income, deductions, and taxes paid, accrued or deemed paid by country.
2. 2012 Individual Income Tax Estimated Data
2012 Individual Income Tax Estimated Data – The Statistics of Income (SOI) 2012 Individual Income Tax Returns Line Item Estimates 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 2012 Individual SOI Complete Report file. The statistics are based on a sample of returns that have been weighted to estimate the entire 2012 Tax Year population. The publication includes corresponding dollar amounts of selected lines filed in concurrence with the number of returns filed.
3. Gift Tax, 2013
Gift Tax, 2013 – One table presenting Filing Year 2013 data for United States Gift (and Generation-Skipping Transfer) Tax Returns (Form 709), including information on total gifts, deductions, credits, and net tax amounts, is now available. Data are presented by tax status and size of total taxable gifts.
For more information on Federal Taxes please visit the IRS.Gov Home Page.
