Paul L. Caron
Dean
Pepperdine Caruso
School of Law
Gov’t Reports
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IRS Attorney Directory by Code Section & Subject Matter
Monday, May 3, 2004 The monthly update of the 121-page directory of attorneys in the IRS Chief Counsel’s Office, arranged by Internal Revenue Code Section and Subject Matter, is available on the Tax Analysts’ web site.
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IRS Releases Criminal Statistics
Monday, May 3, 2004 The IRS has released criminal investigation statistics for the October 1, 2003 – March 30, 2004 period: …………………………………………………..Totals Investigations Initiated………………..1880 Prosecution Recommendations..1503 Information/Indictments………………1127 Total Convictions…………………………..930 Total Sentenced…………………………….864 Percent to Prison………………………….85.5% Average Months to Serve………………..44
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SOI Releases 1990-2001 Itemized Deduction Data
Monday, May 3, 2004 The just-released Statistics of Income Bulletin (Winter 2003-04) includes Selected Itemized Deductions, Schedule A, 1990–2001 by Jason Walters and Victor Rehula. Here is the abstract: Between 1990 and 2001, the number of tax returns claiming itemized deductions increased by 38.5 percent, whereas the total number of tax returns increased by only…
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SOI Releases 2000 Foreign Sales Corporation Data
Wednesday, April 28, 2004 The just-released Statistics of Income Bulletin (Winter 2003-04) includes Foreign Sales Corporations, 2000. Here is the abstract: Foreign Sales Corporations (FSC’s) filed 4,200 income tax returns for Tax Year 2000. FSC’s are foreign corporations, created by “parent” shareholders (mostly corporations). Generally, the FSC mechanism exempts a portion of income derived from…
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IRS Disclosure of Individual Tax Return Information
Tuesday, April 27, 2004 The IRS recently published its annual report on the number of times it discloses individual income tax return information. For 2003, the IRS disclosed this information 3.7 billion times. Since only 125 million tax returns are filed each year, that works out to 30 disclosures per return. (The 2003 figures represent…
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SOI 1997 Gift Data
Tuesday, April 27, 2004 In the just-released Statistics of Income Bulletin (Winter 2003-04), Martha Britton Eller reports on Inter Vivos Wealth Transfers, 1997 Gifts. Here is the abstract: Federal gift tax data provide a glimpse into the economic behavior of predominantly wealthy Americans. Such behavior includes donors’ transfer of money and other assets to gift…
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SOI Releases Data on 2002 Individual Tax Returns
Tuesday, April 27, 2004 The just-released Statistics of Income Bulletin (Winter 2003-04) includes Individual Income Tax Returns, Preliminary Data, 2002. Here is the abstract: Taxpayers filed 130.2 million U.S. individual income tax returns for Tax Year 2002, a decrease of 0.2 percent from the 130.5 million returns filed in 2001. Adjusted gross income less deficit…
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SOI on Split-Interest Trusts
Monday, April 26, 2004 In the just-released Statistics of Income Bulletin (Winter 2003-04), Melissa Belvedere reports on Split-Interest Trusts, 2001. Here is the abstract: Split-interest trusts remained an increasingly popular option for planned giving in 2001. Overall, the number of split-interest trusts increased by 6.0 percent. Charitable remainder unitrusts remained especially popular (75.0 percent of…
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New Statistics of Income Bulletin Released
Saturday, April 24, 2004 The Winter 2003-04 Statistics of Income Bulletin has been released with a wealth of interesting tax data. (The SOI is one of the permanent links maintained on TaxProf Blog.) From my corner of the tax world, the estate tax data (Table 17) is particularly interesting. In 1999, the last year for…