International Financial Law Prof Blog

Editor: William Byrnes
Texas A&M University
School of Law

Saturday, November 9, 2019

IRS Releases Statistics of Income Data

2.  Foreign Recipients of U.S. Income, Tax Year 2017


Three tables from SOI's Foreign Recipients of U.S. Income Study, Tax Year 2017, are now available on SOI's Tax Stats Webpage. Tables 1 and 2 present data from Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding, and include statistics for the number of returns, total income, tax withheld, income subject to withholding, income exempt from withholding, and income by category. Data are available by selected countries and recipient types. Table 3 presents data for returns reporting payments and amounts withheld pursuant to Chapter 4 of the Internal Revenue Code and includes statistics for the number of returns, total income, tax withheld, income subject to withholding, and income exempt from withholding. Data are available by selected income types.

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  3.  U.S. Corporation Returns with a Foreign Tax Credit, Tax Year 2016


Table 2, which presents statistics from Form 1118, Foreign Tax Credit—Corporations, for Tax Year 2016, is now available on SOI's Tax Stats Web page. The data provided include foreign-source gross income, deductions, and taxes paid, accrued, or deemed paid by selected country to which foreign taxes were paid.

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  4.  Controlled Foreign Corporations, Tax Year 2016


Two new tables presenting data from Form 5471, Controlled Foreign Corporations, are now available on SOI's Tax Stats Webpage. The tables present data from the estimated population of returns filed for Tax Year 2016. Table 1 displays number, assets, receipts, earnings, taxes, distributions, subpart F income, and related party transactions for U.S. corporations and their controlled foreign corporations classified by NAICS industrial sector. Table 2 displays number, assets, receipts, earnings, taxes, distributions, subpart F income, and related party transactions for U.S. corporations and their controlled foreign corporations classified by selected country of incorporation.

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