Tax on Base Erosion Payments (BEAT), Tax Year 2018
A new table presenting data from Tax on Base Erosion Payments of Taxpayers with Substantial Gross Receipts (Form 8991) is now available on SOI's Tax Stats Web page. The table presents data from the estimated population of corporate tax returns filed for Tax Year 2018. The table displays the number of filers, aggregate base erosion tax benefit, total deductions, modified taxable income, regular tax liability adjusted, base erosion minimum tax amount, and select data items from Schedule A and Schedule B. The table is classified by industrial sector.
Global Intangible Low-Tax Income (GILTI) Statistics, Tax Year 2018
Tables presenting statistics for corporations that filed a U.S. Shareholder Calculation of Global Intangible Low-Taxed Income (GILTI) (Form 8992) are now available on SOI's Tax Stats Web page. Table 1 includes statistics on GILTI components (i.e., tested income (loss), interest expense) by size of assets of the parent corporation. Table 2 includes statistics by sector and selected major industry of the parent corporation. This is the first year of this biennial study of U.S. shareholders' calculation of the amount of a GILTI inclusion and related information.
Tables presenting statistics for Tax Year 2018 Form 8993, Section 250 Deduction for Foreign-Derived Intangible Income (FDII) and Global Intangible Low-Taxed Income (GILTI), are now available on SOI's Tax Stats Web page. This first-year biennial study provides data on U.S. corporations' FDII and GILTI deductions under Internal Revenue Code section 250 and its related regulations. Table 1 contains statistics on selected items from Form 8993 by type of deduction claimed. Table 2 contains statistics on selected items by industrial sector of the corporation.
Heavy Highway Vehicle Use Tax Return, Calendar Year 2021
A table presenting statistics on the number of electronically filed Heavy Highway Vehicle Use Tax Returns (Forms 2290) by month at the national level is now available on SOI's Tax Stats Web page. The updated table includes the number of filings for the first quarter, January through March, of Calendar Year 2021.
Transactions of Foreign-Owned Corporations, Tax Year 2018
Data tables and Line Item Counts presenting statistics from Information Return of a Foreign Owned Corporation (Form 5472) filed with the IRS for Tax Year 2018 are now available on SOI's Tax Stats Web page. Table 1 includes statistics for financial transactions (such as stock purchases or interest payments) between corporations and related foreign persons classified by the NAICS industrial sector of the domestic corporation. Table 2 includes statistics for financial transactions by selected country of residence of the related foreign person. The Line Item Counts include foreign-owned domestic corporations with total receipts of $500 million or more and who filed Form 5472 with their income tax returns. The Line Item Counts include line counts and data amounts collected from Form 5472.
Fiscal Year Return Projections for the United States: 2021-2028, Publication 6292 (Spring 2021)
The Spring 2021 issue of Fiscal Year Return Projections for the United States (Publication 6292) is now available on SOI's Tax Stats Web page. This semiannual publication contains United States-level projections for Fiscal Years 2021–2028 of approximately 50 different individual, business, and tax-exempt return types (e.g., Forms 1040, 1120, 941, and 990) to be filed by major return categories, including selected detail by IRS business operating divisions. There are also additional details by medium of filing (paper versus electronic) and actual number of returns filed for FY 2020.
Withholding on Foreign Recipients of U.S. Income, Tax Year 2018
One new table presenting information from Foreign Partner's Information Statement of Section 1446 Withholding Tax (Form 8805) is now available on SOI's Tax Stats Web page. The table, Foreign Recipients of U.S.-Source Partnership Income, Tax Year 2018, provides data by country of residence on the number of Forms 8805 filed, taxable income (or loss) allocable to foreign partners (income less loss, income, and loss), and U.S. tax withheld.
Form W-2 Tabulations, Tax Year 2018
Statistical tables related to the Wage and Tax Statement (Form W-2) for Tax Years 2008–2017 have been updated with data for Tax Year 2018 and are now available on SOI's Tax Stats Web page. The tables include detailed information about individual wages, tax withholding, elective deferral contributions, and retirement plan participation of individual income taxpayers.