Information For...

For you and your family
Standard mileage and other information

Forms and Instructions

Individual Tax Return
Instructions for Form 1040
Request for Taxpayer Identification Number (TIN) and Certification
Request for Transcript of Tax Return

 

Employee's Withholding Allowance Certificate
Employer's Quarterly Federal Tax Return
Employers engaged in a trade or business who pay compensation
Installment Agreement Request

Popular For Tax Pros

Amend/Fix Return
Apply for Power of Attorney
Apply for an ITIN
Rules Governing Practice before IRS

Summer 2012 Statistics of Income Bulletin Now Available

Notice: Historical Content

This is an archival or historical document and may not reflect current law, policies or procedures.

IR-2012-71, Sept. 24, 2012

WASHINGTON — The Internal Revenue Service today announced availability of the summer 2012 issue of the Statistics of Income Bulletin, which features sole proprietorship data for tax year 2010.

Nearly 23 million individual income tax returns reported nonfarm sole proprietorship activity for 2010. Profits reported on these returns were $267.7 billion.

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 of the SOI Bulletin also includes articles on the following:

  • Partnership and sole proprietorship data, by region and state. For tax years 2007-2009, partnership returns filed increased 3.1 percent, from 3,183,882 to 3,281,985.  Partnership gross receipts (less returns and allowances) for the U.S. decreased 5.7% percent over the same period. The total number of sole proprietorship returns filed for the U.S. fell 1.9 percent, from 24,643,537 in 2007 to 24,179,615 in 2009. Nationally, gross receipts reported on sole proprietorship returns decreased over the period 2007-2009.
  • Foreign-controlled domestic corporations. For tax year 2009, there were 66,197 foreign-controlled domestic corporations that reported combined profits (i.e., net income less deficit) of $36.4 billion.
  • Corporations claiming a foreign tax credit. For tax year 2008, 7,242 corporations claimed a total foreign tax credit of over $100 billion against their U.S. income tax liability.

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 Director, Statistics of Income (SOI) Division, RAS:S, Internal Revenue Service, P.O. Box 2608, Washington, DC 20013-2608.

Related Items: