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Tax filing tips 15. Tax filing tips   Examination and Appeal Procedures If your excise tax return is examined and you disagree with the findings, you can get information about audit and appeal procedures from Publication 556, Examination of Returns, Appeal Rights, and Claims for Refund. Tax filing tips An unagreed case involving an excise tax covered in this publication differs from other tax cases in that you can only contest it in court after payment of the tax by filing suit for a refund in the United States District Court or the United States Court of Federal Claims. Tax filing tips Prev  Up  Next   Home   More Online Publications
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Winter 2014 Statistics of Income Bulletin Now Available


IR-2014-33, March 20, 2014

WASHINGTON — The Internal Revenue Service today 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 data available from various tax and information returns filed by U.S. taxpayers. This issue includes articles on the following topics:

Individual Income Tax Returns, Preliminary Data, 2012: Taxpayers filed 145 million individual income tax returns for 2012. The adjusted gross income (AGI) reported on these returns totaled $9 trillion, a 9 percent increase from the previous year. Taxable income rose almost 12 percent to more than $6 trillion, accordingly, total income tax increased 15 percent to $1.2 trillion. Although taxpayers reported $29 billion in alternative minimum tax, an increase of almost 8 percent compared to the prior year, the number of returns reporting the AMT fell one percent.

Sales of Capital Assets Panel Data Reported on Individual Tax Returns, 2004-2007:  The SOI panel study of individual taxpayer trends in taxes and income showed the following increases from 2004 through 2007.

  • Net gains and losses increased 84.7 percent, from $496.3 billion to $916.5 billion.
  • Capital gains rose 69.2 percent to $1.1 trillion during this same period.

For all 4 years of the study, taxpayers realized most combined short- and long-term net gains less losses from passthrough entities (partnerships, S corporations, and fiduciaries).

Split-Interest Trusts, Filing Year 2012:  Tax preparers filed 113,688 Forms 5227 to report the financial activities of split-interest trusts to the IRS for Filing Year 2012, a 3.4-percent decline from 2011. Split-interest trusts reported 16,500 distributions of principal ($2.5 billion)  and 15,580 distributions of income ($1,793.7 billion) for the year. Asset contributions rose to more than $5.2 billion, a 74 percent increase over the previous year. Charitable remainder trusts continued to be the most common split-interest trust, accounting for 93 percent of the returns filed.

Nonprofit Charitable Organizations, 2010: Tax exempt public charities (501(c)(3) organizations) filed almost 270,000 Forms 990 and 990-EZ and reported $2.9 trillion in assets for Tax Year 2010, an increase of 9 percent from the previous year. These organizations reported $1.6 trillion in total revenue, nearly three-quarters ($1.2 trillion) of which came from program services. They reported $1.5 trillion in expenses.

The Statistics of Income Bulletin is available for download at IRS.gov/taxstats. Printed copies of the Statistics of Income Bulletin are available from the Superintendent of Documents, U.S. Government Printing Office, P.O. Box 371954, Pittsburgh, PA 15250-7954. The annual subscription rate is $67 ($93.80 foreign), single issues cost $44 ($61.60 foreign).

For more information about these data, write to the Internal Revenue Service (RAS:S), Director, Statistics of Income, 1111 Constitution Ave., NW (K-Room 4112), Washington, DC 20224-0002.

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Page Last Reviewed or Updated: 20-Mar-2014

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Tax filing tips Publication 3 - Introductory Material Table of Contents What's New Reminders IntroductionOrdering forms and publications. Tax filing tips Tax questions. Tax filing tips Useful Items - You may want to see: What's New Earned income credit. Tax filing tips  The maximum income you can earn and still claim the earned income credit has increased. Tax filing tips You may be able to take the earned income credit if you earned less than $46,227 ($51,567 for married filing jointly) if you have three or more qualifying children; $43,038 ($48,378 for married filing jointly) if you have two qualifying children; $37,870 ($43,210 for married filing jointly) if you have one qualifying child; and $14,340 ($19,680 for married filing jointly) if you do not have any qualifying children. Tax filing tips See Earned Income Credit , later, under Credits. Tax filing tips Standard mileage rate. Tax filing tips  The standard mileage rate for the cost of operating your car for business use in 2013 is 56. Tax filing tips 5 cents a mile. Tax filing tips The standard mileage rate for operating your car during 2013 to get medical care or to move is 24 cents a mile. Tax filing tips The standard mileage rate for charitable use of your vehicle is 14 cents a mile. Tax filing tips Filing status for same-sex married couples. Tax filing tips  If you have a same-sex spouse whom you legally married in a state (or foreign country) that recognizes same-sex marriage, you and your spouse generally must use the married filing jointly or married filing separately filing status on your 2013 return, even if you and your spouse now live in a state (or foreign country) that does not recognize same-sex marriage. Tax filing tips See Filing Returns , later. Tax filing tips Reminders Change of address. Tax filing tips  If you change your mailing address, be sure to notify the Internal Revenue Service (IRS) using Form 8822, Change of Address. Tax filing tips Mail it to the Internal Revenue Service Center for your old address. Tax filing tips (Addresses for the Service Centers are on the back of the form. Tax filing tips ) Use Form 8822-B, Change of Address or Responsible Party—Business, if you are changing a business address. Tax filing tips Third party designee. Tax filing tips  You can check the “Yes” box in the Third Party Designee area of your return to authorize the IRS to discuss your return with your preparer, a friend, a family member, or any other person you choose. Tax filing tips This allows the IRS to call the person you identified as your designee to answer any questions that may arise during the processing of your tax return. Tax filing tips It also allows your designee to perform certain actions. Tax filing tips See your income tax instructions for details. Tax filing tips Future developments. Tax filing tips  For the latest information about developments related to Publication 3, such as legislation enacted after it was published, go to www. Tax filing tips irs. Tax filing tips gov/pub3. Tax filing tips Photographs of missing children. Tax filing tips  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Tax filing tips Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Tax filing tips You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Tax filing tips Introduction This publication covers the special tax situations of active members of the U. Tax filing tips S. Tax filing tips Armed Forces. Tax filing tips It does not cover military pensions or veterans' benefits or give the basic tax rules that apply to all taxpayers. Tax filing tips For information on military pensions or veterans' benefits, see Publication 525, Taxable and Nontaxable Income. Tax filing tips If you need the basic tax rules or information on another subject not covered here, you can check our other free publications. Tax filing tips See Publication 910, IRS Guide to Free Tax Services, for a list and descriptions of the different tax publications. Tax filing tips For federal tax purposes, the U. Tax filing tips S. Tax filing tips Armed Forces includes commissioned officers, warrant officers, and enlisted personnel in all regular and reserve units under control of the Secretaries of the Defense, Army, Navy, and Air Force. Tax filing tips The U. Tax filing tips S. Tax filing tips Armed Forces also includes the Coast Guard. Tax filing tips It does not include the U. Tax filing tips S. Tax filing tips Merchant Marine or the American Red Cross. Tax filing tips Members serving in an area designated or treated as a combat zone are granted special tax benefits. Tax filing tips In the event an area ceases to be a combat zone, the IRS will do its best to notify you. Tax filing tips Many of the relief provisions will end at that time. Tax filing tips Comments and suggestions. Tax filing tips   We welcome your comments about this publication and your suggestions for future editions. Tax filing tips   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Tax filing tips NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Tax filing tips Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Tax filing tips   You can send your comments from www. Tax filing tips irs. Tax filing tips gov/formspubs. Tax filing tips Click on “More Information” and then on “Comment on Tax Forms and Publications. Tax filing tips ”   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Tax filing tips Ordering forms and publications. Tax filing tips   Visit www. Tax filing tips irs. Tax filing tips gov/formspubs to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Tax filing tips Internal Revenue Service 1201 N. Tax filing tips Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Tax filing tips   If you have a tax question, check the information available on IRS. Tax filing tips gov or call 1-800-829-1040. Tax filing tips We cannot answer tax questions sent to either of the above addresses. Tax filing tips Useful Items - You may want to see: Publication 54 Tax Guide for U. Tax filing tips S. Tax filing tips Citizens and Resident Aliens Abroad 463 Travel, Entertainment, Gift, and Car Expenses 501 Exemptions, Standard Deduction, and Filing Information 503 Child and Dependent Care Expenses 505 Tax Withholding and Estimated Tax 516 U. Tax filing tips S. Tax filing tips Government Civilian Employees Stationed Abroad 519 U. Tax filing tips S. Tax filing tips Tax Guide for Aliens 521 Moving Expenses 523 Selling Your Home 525 Taxable and Nontaxable Income 527 Residential Rental Property 529 Miscellaneous Deductions 559 Survivors, Executors, and Administrators 590 Individual Retirement Arrangements (IRAs) 596 Earned Income Credit (EIC) 970 Tax Benefits for Education 3920 Tax Relief for Victims of Terrorist Attacks Form (and Instructions) 1040X Amended U. Tax filing tips S. Tax filing tips Individual Income Tax Return 1310 Statement of Person Claiming Refund Due a Deceased Taxpayer 2848 Power of Attorney and Declaration of Representative 3903 Moving Expenses 4868 Application for Automatic Extension of Time To File U. Tax filing tips S. Tax filing tips Individual Income Tax Return 8822 Change of Address 8822-B Change of Address or Responsible Party—Business 9465 Installment Agreement Request See How To Get Tax Help near the end of this publication, for information about getting IRS publications and forms. Tax filing tips Prev  Up  Next   Home   More Online Publications