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Discussion of how to value assets when figuring the minimum investment return under Code section 4942.

This page provides external software developers and/or transmitters with information on the tax year 2022v1.0 schemas and business rules for U.S. income tax return for estates and trusts.

This page provides external software developers and/or transmitters with information on the tax year 2022v2.0 schemas and business rules for U.S. Income Tax Return for Estates and Trusts.

The Underpayment of Estimated Tax by Individuals Penalty applies to individuals, estates and trusts if you don't pay enough estimated tax on your income or you pay it late. The penalty may apply even if we owe you a refund.

IR-2024-90, April 3, 2024 ¡ª The Internal Revenue Service today reminded individuals and businesses affected by the terrorist attacks in the State of Israel that they have until Oct. 7, 2024, to file various federal returns, make tax payments and perform other time-sensitive tax-related actions.

October 13, 2023 ¡ª A U.S. citizen residing in the Principality of Monaco pleaded guilty today to tax evasion for concealing from the IRS over $5,130,000 in income derived from a real estate transaction and securities investments in offshore bank accounts.

Discussion of term used in definition of minimum investment return under Code section 4942.

April 24, 2024 ¡ª A federal grand jury in Seattle returned an indictment today charging a Washington man with tax evasion and the filing of false tax returns related to a scheme to conceal income received from his commercial property business.

March 13, 2023 ¡ª A federal jury has found a former Illinois attorney and real estate developer guilty on two counts of embezzlement, six counts of bankruptcy fraud, and eight counts of tax fraud following a nearly four week-long trial in Chicago.

The Statistics of Income (SOI) program produces data files compiled from samples of tax and information returns filed with the IRS. There's a wealth of information about the financial composition of individuals, business taxpayers, tax exempt organizations and more. Look here for some summary statistics from these files, as well as files from other IRS sources.