Overview
IRS Issues Current List of Jurisdictions for Nonresident Alien Reporting Requirements: Today, the Treasury Department and the IRS issued Revenue Procedure 2018-36, which provides a current list of the jurisdictions for which the deposit interest reporting requirements under Treas. Reg. §§ 1.6049-4 and 1.6049-8 apply. The revenue procedure also provides a current list of the jurisdictions with which the Treasury Department and the IRS have determined that it is appropriate to have an automatic exchange relationship.
IRS Releases Statistics on Foreign Recipients of US Income: Today, as part of its quarterly Statistics of Income Bulletin, the IRS released data showing the amount of payments reported to foreign persons as reflected on Form 1042-S for tax year 2015. The data shows that the number of payments of US-source income to foreign persons increased 24.2% from 2014.
IRS Releases 2016 Tax Statistics: Today, the IRS released statistics based on individual income tax returns filed for tax year 2016. These statistics include the Individual Income Tax Returns Complete Report, Individual Income Tax Returns Line Item Estimates, Nonfarm Sole Proprietorship tables, and tax return information that is broken out by state, county, zip code, and metropolitan and micropolitan areas.