Statistics of Income (SOI) Bulletin - Winter 2017
(entire publication in PDF)
Unrelated Business Income Tax Returns, Tax Year 2012
by Jael Jackson
For tax year 2012, tax-exempt organizations reported $12 billion in gross unrelated business income, a 6 percent increase from tax year 2011. Total unrelated business income tax liability increased by 17 percent over the same period, to $429 million. Filers classified as charitable organizations, which are tax exempt under Internal Revenue Code section 501(c)(3), made up the most common Form 990-T, Exempt Organization Business Income Tax Return, filers and represented more than one-third (35 percent) of all organizations that filed the return for tax year 2012.
Foreign Recipients of U.S. Income, 2013
by Scott Luttrell
U.S.-source income payments to foreign persons, as reported on Form 1042-S, Foreign Person’s U.S.-Source Income Subject to Withholding, rose to $697.6 billion for Calendar Year 2013. This represents an increase of 3.7 percent from 2012. U.S.-source income payments subject to withholding tax rose by 24.5 percent from 2012, which fueled an increase in withholding taxes of 31.2 percent. Despite these increases, nearly 88 percent of all U.S.-source income paid to foreign persons remained exempt from withholding tax. The residual U.S.-source income subject to tax was withheld at an average rate of 16.8 percent.
Related Link: Foreign Recipients of U.S. Income