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Amend 1040 Publication 1212 - Introductory Material Table of Contents Future Developments Photographs of Missing Children IntroductionOrdering forms and publications. Amend 1040 Tax questions. Amend 1040 Useful Items - You may want to see: Future Developments For the latest information about developments related to Pub. Amend 1040 1212, such as legislation enacted after it was published, go to www. Amend 1040 irs. Amend 1040 gov/pub1212. Amend 1040 Photographs of Missing Children The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Amend 1040 Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Amend 1040 You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Amend 1040 Introduction This publication has two purposes. Amend 1040 Its primary purpose is to help brokers and other middlemen identify publicly offered original issue discount (OID) debt instruments they may hold as nominees for the true owners, so they can file Forms 1099-OID or Forms 1099-INT as required. Amend 1040 The other purpose of the publication is to help owners of publicly offered OID debt instruments determine how much OID to report on their income tax returns. Amend 1040 The list of publicly offered OID debt instruments (OID list) is on the IRS website. Amend 1040 The original issue discount tables, Sections I-A through III-F, are only available on the IRS website at www. Amend 1040 irs. Amend 1040 gov/pub1212 by clicking the link under Recent Developments. Amend 1040 The tables are posted to the website in late November or early December of each year. Amend 1040 The information on these lists come from the issuers of the debt instruments and from financial publications and is updated annually. Amend 1040 (However, see Debt Instruments Not on the OID List, later. Amend 1040 ) Brokers and other middlemen can rely on this list to determine, for information reporting purposes, whether a debt instrument was issued at a discount and the OID to be reported on information returns. Amend 1040 However, because the information in the list has generally not been verified by the IRS as correct, the following tax matters are subject to change upon examination by the IRS. Amend 1040 The OID reported by owners of a debt instrument on their income tax returns. Amend 1040 The issuer's classification of an instrument as debt for federal income tax purposes. Amend 1040 Instructions for issuers of OID debt instruments. Amend 1040 In general, issuers of publicly offered OID debt instruments must, within 30 days after the issue date, report information about the instruments to the IRS on Form 8281, Information Return for Publicly Offered Original Issue Discount Instruments. Amend 1040 See the form instructions for more information. Amend 1040 Issuers should report errors in and omissions from the list in writing at the following address: IRS OID Publication Project SE:W:CAR:MP:T 1111 Constitution Ave. Amend 1040 NW, IR-6526 Washington, D. Amend 1040 C. Amend 1040 20224 REMIC and CDO information reporting requirements. Amend 1040 Brokers and other middlemen must follow special information reporting requirements for real estate mortgage investment conduits (REMIC) regular, and collateralized debt obligations (CDO) interests. Amend 1040 The rules are explained in Publication 938, Real Estate Mortgage Investment Conduits (REMICs) Reporting Information (And Other Collateralized Debt Obligations (CDOs)). Amend 1040 Holders of interests in REMICs and CDOs should see chapter 1 of Publication 550 for information on REMICs and CDOs. Amend 1040 Comments and suggestions. Amend 1040 We welcome your comments about this publication and your suggestions for future editions. Amend 1040 You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Amend 1040 NW, IR-6526 Washington, DC 20224 We respond to many letters by telephone. Amend 1040 Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Amend 1040 You can send your comments from www. Amend 1040 irs. Amend 1040 gov/formspubs/. Amend 1040 Click on “More Information” and then on “Comment on Tax Forms and Publications. Amend 1040 ” Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Amend 1040 Ordering forms and publications. Amend 1040 Visit www. Amend 1040 irs. Amend 1040 gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Amend 1040 Internal Revenue Service 1201 N. Amend 1040 Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Amend 1040 If you have a tax question, check the information available on IRS. Amend 1040 gov or call 1-800-829-1040. Amend 1040 We cannot answer tax questions sent to any of the preceding addresses. Amend 1040 Useful Items - You may want to see: Publication 515 Withholding of Tax on Nonresident Aliens and Foreign Entities 550 Investment Income and Expenses 938 Real Estate Mortgage Investment Conduits (REMICs) Reporting Information (And Other Collateralized Debt Obligations (CDOs)). Amend 1040 Form (and Instructions) 1096 Annual Summary and Transmittal of U. Amend 1040 S. Amend 1040 Information Returns 1099-B Proceeds From Broker and Barter Exchange Transactions 1099-INT Interest Income 1099-OID Original Issue Discount 8949 Sales and Other Dispositions of Capital Assets Schedule B (Form 1040A or 1040) Interest and Ordinary Dividends Schedule D (Form 1040) Capital Gains and Losses W-8 Instructions for the Requester of Forms W-8BEN, W-8ECI, W-8EXP, and W-8IMY See How To Get Tax Help near the end of this publication for information about getting publications and forms. Amend 1040 Prev Up Next Home More Online Publications
Winter 2014 Statistics of Income Bulletin Now Available
IR-2014-33, March 20, 2014
WASHINGTON — The Internal Revenue Service today announced the availability of the winter 2014 issue of the Statistics of Income Bulletin, which features preliminary data for individual income tax returns filed for Tax Year 2012.
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 includes articles on the following topics:
Individual Income Tax Returns, Preliminary Data, 2012: Taxpayers filed 145 million individual income tax returns for 2012. The adjusted gross income (AGI) reported on these returns totaled $9 trillion, a 9 percent increase from the previous year. Taxable income rose almost 12 percent to more than $6 trillion, accordingly, total income tax increased 15 percent to $1.2 trillion. Although taxpayers reported $29 billion in alternative minimum tax, an increase of almost 8 percent compared to the prior year, the number of returns reporting the AMT fell one percent.
Sales of Capital Assets Panel Data Reported on Individual Tax Returns, 2004-2007: The SOI panel study of individual taxpayer trends in taxes and income showed the following increases from 2004 through 2007.
- Net gains and losses increased 84.7 percent, from $496.3 billion to $916.5 billion.
- Capital gains rose 69.2 percent to $1.1 trillion during this same period.
For all 4 years of the study, taxpayers realized most combined short- and long-term net gains less losses from passthrough entities (partnerships, S corporations, and fiduciaries).
Split-Interest Trusts, Filing Year 2012: Tax preparers filed 113,688 Forms 5227 to report the financial activities of split-interest trusts to the IRS for Filing Year 2012, a 3.4-percent decline from 2011. Split-interest trusts reported 16,500 distributions of principal ($2.5 billion) and 15,580 distributions of income ($1,793.7 billion) for the year. Asset contributions rose to more than $5.2 billion, a 74 percent increase over the previous year. Charitable remainder trusts continued to be the most common split-interest trust, accounting for 93 percent of the returns filed.
Nonprofit Charitable Organizations, 2010: Tax exempt public charities (501(c)(3) organizations) filed almost 270,000 Forms 990 and 990-EZ and reported $2.9 trillion in assets for Tax Year 2010, an increase of 9 percent from the previous year. These organizations reported $1.6 trillion in total revenue, nearly three-quarters ($1.2 trillion) of which came from program services. They reported $1.5 trillion in expenses.
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 Internal Revenue Service (RAS:S), Director, Statistics of Income, 1111 Constitution Ave., NW (K-Room 4112), Washington, DC 20224-0002.
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The Amend 1040
Amend 1040 Index A Allowances, Foreign areas allowances. Amend 1040 American Institute in Taiwan, American Institute in Taiwan. Amend 1040 Away from home, Traveling away from home. Amend 1040 B Business expenses, how to report, How To Report Business Expenses C Combat zone, Reminders Commuting expenses, Commuting. Amend 1040 Contributions, Contributions. Amend 1040 Cost-of-living allowances, Cost-of-living allowances. Amend 1040 Credit for foreign taxes, Foreign tax credit. Amend 1040 Currency conversion, loss on, Loss on conversion of U. Amend 1040 S. Amend 1040 dollars into foreign currency. Amend 1040 D Danger pay (see Pay differentials) Death due to terrorist action, Reminders Deduction for foreign taxes, Foreign tax deduction. Amend 1040 , Deduction for other foreign taxes. Amend 1040 Differential pay, Pay differentials. Amend 1040 Dues, Membership dues. Amend 1040 E Educational expenses, Educational expenses. Amend 1040 Employee business expenses, Other Employee Business Expenses Entertainment expenses, Limit on meals and entertainment. Amend 1040 Expenses, deductible, Other Employee Business Expenses Extension of time to file return, When To File and Pay F Federal court employees, Federal court employees. Amend 1040 Federal crime investigations, Exception for federal crime investigations or prosecutions. Amend 1040 Filing information, Filing Information, When To File and Pay Foreign areas allowances, Foreign areas allowances. Amend 1040 Foreign bank accounts, Foreign Bank Accounts Foreign earned income and housing exclusions, Foreign Earned Income Exclusion Foreign income, U. Amend 1040 S. Amend 1040 Government Payments Foreign service representation expenses, Foreign service representation expenses. Amend 1040 Foreign taxes, Foreign Taxes Forms 1116, Foreign tax credit. Amend 1040 2106, Form 2106 or Form 2106-EZ. Amend 1040 2106-EZ, Form 2106 or Form 2106-EZ. Amend 1040 3903, How to report moving expenses. Amend 1040 TD F 90-22. Amend 1040 1, Foreign Bank Accounts H Home leave, Home leave. Amend 1040 Home mortgage interest, Real estate tax and home mortgage interest. Amend 1040 Home, sale of, Sale of your home. Amend 1040 Hours of service limits, Individuals subject to hours of service limits. Amend 1040 I Impairment-related work expenses, Impairment-related work expenses. Amend 1040 Interest on home mortgage, Real estate tax and home mortgage interest. Amend 1040 International organization, U. Amend 1040 S. Amend 1040 reemployment after serving with, Federal reemployment payments after serving with an international organization. Amend 1040 Itemized deductions Contributions, Contributions. Amend 1040 Employee business expenses, Other Employee Business Expenses Home mortgage interest, Real estate tax and home mortgage interest. Amend 1040 Real estate tax, Real estate tax and home mortgage interest. Amend 1040 L Lodging, Lodging furnished to a principal representative of the United States. Amend 1040 Loss on currency conversion, Loss on conversion of U. Amend 1040 S. Amend 1040 dollars into foreign currency. Amend 1040 M Meal expenses, Limit on meals and entertainment. Amend 1040 More information (see Tax help) Mortgage interest, Real estate tax and home mortgage interest. Amend 1040 Moving expenses, Moving Expenses, Closely related to the start of work. Amend 1040 , Distance test. Amend 1040 , Time test. Amend 1040 , Reimbursements. Amend 1040 P Pay differentials, Pay differentials. Amend 1040 Peace Corps volunteers, Peace Corps. Amend 1040 Personal property, sale of, Sale of personal property. Amend 1040 Post differentials (see Pay differentials) Post exchanges, Employees of post exchanges, etc. Amend 1040 Principal representative, Lodging furnished to a principal representative of the United States. Amend 1040 Proving expenses, Recordkeeping Rules R Real estate tax, Real estate tax and home mortgage interest. Amend 1040 Recordkeeping, business expenses, Recordkeeping Rules Reemployed by federal agency, Federal reemployment payments after serving with an international organization. Amend 1040 Reporting Business expenses, How To Report Business Expenses Moving expenses, Moving Expenses, How to report moving expenses. Amend 1040 Representation expenses, Foreign service representation expenses. Amend 1040 S Sale of home, Sale of your home. Amend 1040 Sale of personal property, Sale of personal property. Amend 1040 Subscriptions, Subscriptions. Amend 1040 T Taiwan, American Institute in, American Institute in Taiwan. Amend 1040 Tax credit for foreign taxes, Foreign tax credit. Amend 1040 Taxpayer Advocate, Taxpayer Advocate Service. Amend 1040 Temporary assignment, Temporary assignment. Amend 1040 Terrorist action, Reminders Transportation expenses, Transportation Expenses Travel expenses, Travel Expenses W When to file return, When To File and Pay Prev Up Home More Online Publications