Ad: BlueJ Better Tax Answers. -Accomplish hours of research in seconds -Instantly draft high-quality communications -Verify answers using a library of trusted tax content. Learn more

SOI Releases Tax Return Projections

Irs_logo_116The Statistics of Income Division has released Fiscal Year Return Projections for the United States: 2005-2012 (Doc. 6292):

IRS Document 6292 contains multi-year projections of the number of tax returns to be filed with the IRS by fiscal year of filing. The publication includes detailed projections by approximately 50 different individual, business and tax-exempt return types such as Form 1040, Form 1120, Form 941 and Form 990. There is also additional detail by medium of filing (paper versus electronic) and by IRS business operating division categorizations.

The following chart shows the projected increases in the number of returns and in the percentage of returns filed electronically.

                                                      Tax Return Projections

2004 Actual

2012 Projection

Number

% of Total

Number

% of Total

Total Returns

225.8 million

–

225.8 million

–

…..Paper

155.8 million

69.0%

124.5 million

50.5%

…..Electronic

69.9 million

31.0%

122.1 million

49.5%

Individ. Returns

130.6 million

–

142.9 million

–

…..Paper

69.3 million

53.1%

41.7 million

29.2%

…..Electronic

61.2 million

46.9%

101.2 million

70.8%


About the Author

Ad: BlueJ Better Tax Answers. Blue J's generative AI tax research solution is transforming how tax experts work. Learn more.
Information and rates on advertising on TaxProf Blog