Recently, we shared links to a wide range of business-focused IRS forms on SmallBusiness.com. Putting together that list helped us once again realize that the U.S. Internal Revenue Service (IRS) has the world’s largest collection of statistics related to personal and business income, taxes, credits, transactions and just about any statistical data that can be extracted from all the various forms filed by businesses. The collection even has a name and acronym, the Statistics of Income (SOI). While much of this data is used by academics, planners and various types of analysts, every once in a while, a business owner or manager might run into a question for which the answer can be found, with a little help and guidance, in resources like these.

(Note: Several of these links are PDFs)


Integrated Business Data (IBD)

This contains statistical tables and articles on all businesses, which were compiled to form the SOI Integrated Business Dataset (IBD). The IBD was assembled at the table level from the annual SOI cross-sectional studies of corporations (C and S corporations), partnerships, and nonfarm sole proprietorships. Data from these types of organizations is used to enable examination of changes in business composition. Data from these annual statistical studies are generally publicly available and are published in a variety of SOI reports.

Form 8824 Data for Like-Kind Property Exchanges. 1995–2013

Corporations

Corporations OneSheet

The information you’ll find here are articles and data which provide statistics on income, deductions, tax, credits, and more as reported by corporations filing on Form 1120 (1120, 1120-A, 1120-L, 1120-PC, 1120-REIT, 1120-RIC, and more) returns and associated schedules can be found here.

International

Here you’ll find statistics for both inbound and outbound international corporate activities here. There’s also information on specialized areas covering foreign trusts, international boycotts, and including form types: 5471, 5472, 1118, 1120-F, 1120-FSC, 5713, 5735, and more.

Partnerships

Partnerships OneSheet

Partnerships are relationships between two or more persons who join to carry on a trade or business, with each person contributing money, property, labor or skill, and each expecting to share in the profits and losses of the business. These data come from taxpayers filing Form 1065 or 1065-B. Look here for statistics and related information on partnerships.

S Corporations

S corporations are domestic corporations that elect to be taxed individually on the corporation’s income; they can have no more than 75 shareholders (only U.S. citizens, resident aliens, estates, certain trusts, and exempt organizations) and one class of stock. These corporations file on Form 1120S . Look here for statistics and related information on these corporations.

Sole Proprietorships
Non-Farm  ||  Farm

Sole Proprietorships are one-person businesses, also called self-employed, no-employee businesses, among others.  These links go to statistics covering basic data, business receipts, deductions, and net income reported by an individual taxpayer on Schedule C (non-farm) of Form 1040.  There are also statistics for Schedule F (farm) of Form 1040.

Excise

Contains statistics on taxes levied on the manufacture, sale, or consumption of commodities, including data for environmental, gasoline, and telephone excise taxes, and more.
6
More Red Flags That Increase Your Odds of Being Audited by the IRS | 2017

More red flags that will cause the IRS to look closer at a tax return.

7
A Handy Calendar of Important Small Business Tax Dates | 2017

Bookmark this calendar of key IRS dates during 2017

8
Small Business IRS Tax Forms and Guide | 2017

The most up-to-date employer-related forms (as of 2.2017) from your friends at the IRS.

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5 IRS Tax Facts for Self-Employed Small Business Owners | 2017

Information the IRS wants you to know.

10
Things The IRS Wants You to Know about Filing Late and Paying Penalties | 2016

Information about about filing your IRS return late and paying penalties

11
It’s Tax Day: What Are Your Chances of Being Audited? | 2016

The odds of you being audited depend on your income.

12
Five Things the IRS Wants You to Know About Filing a Tax Extension | 2016

While you can’t delay paying your taxes, here’s how to delay filing your return,

13
Home Office Tax Deduction Resources From the IRS | 2016

If you use part of your home for business, you may be able to deduct expenses for the business use of your home.

14
Owning a Small Business and 14 Other Red Flags Increasing The Odds You’ll be Audited

There’s no sure way to avoid an IRS audit, but here are things the IRS looks for in selecting returns they consider.

15
How to Keep From Overpaying Unemployment Insurance Taxes

Each year, many businesses pay more in unemployment insurance taxes than they should. Here is how to avoid being one of those companies.

16
How to Save Tax and Personal Financial Data Without Having Your Identity Stolen

The IRS recommends you keep tax forms and supporting documents a minimum of three years to a maximum of seven years.

17
How Much Tax You’ll Pay on Your $1.3 Billion Powerball Winnings

Before you start plans to expand your business, you may want to sit down with a team of your most trusted legal, tax and financial advisors.

18
A Dozen Business-Related Tax Incentives in the 2016 Budget, Spending Bill

The House of Representatives overwhelmingly passed the first of two bills that will avoid a government shut-down and make permanent a long list of tax provisions

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A Small Business Year-end Tax Tip That Helps Throughout the Year

This tax calendar from the IRS that can be viewed online or via your computer or mobile device.

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Six Tax Tips for Year-end Charitable Giving | 2015

Advice from the IRS about different types of year-end giving and how they can impact your taxes.

21
Small Business Tax Day Countdown: A New Taxpayer Bill of Rights

Adopted by the IRS in 2014, the Taxpayer Bill of Rights applies to all taxpayers, individuals or businesses, in their dealings with the IRS.

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Small Business Tax Day Countdown: Good News, Bad News on How-to Find a Good Tax Preparer

How to find a good tax advisor and tax return preparer for your small business.

23
Affordable Care Act Tax Information From the IRS

The IRS provides a wide range of resources (all are published as PDFs) related to the Affordable Care Act and taxes.

24
Small Business Tax Day Countdown: Last Minute Tax Help You Can Find on the IRS.gov Website

Avoid long waits on-hold or in-line. The IRS.gov website has answers to many of your tax questions, printable tax forms and publications and more.

25
You Must Pay Taxes on Time, but Here are Ways to File an Extension for Turning in Your Tax Forms

Three ways to request an automatic extension of time to file your U.S. individual income tax return. (But your taxes are still due on time.)

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Small Business Tax Day Countdown: While Tax Preparation is Rarely Free, Online Tax Filing Is

For small business owners and self-employed, the price at a free online tax filing service isn’t free. The price begins at $104.99 using TurboTax, for example.

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Rollover Business Startups (ROBS) are Risky, May Violate Tax Laws

Use of a complex strategy to transfer IRA savings into funds to acquire a startup is not only risky, the IRS is challenging it.

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New Ways States are Finding Small Business Tax Evaders

Following the IRS lead at the federal level, states are looking for ways to find small business owners and the self-employed who are evading state tax laws.

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Tax-free Commuter (Even by Bicycle) & Parking Expenses

Even if your company does provide parking and commuting expenses as a benefit, they can be paid for with pre-tax money.

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Add Up Your Healthcare Premiums With This ACA Tax Subsidy Calculator

The Kaiser Family Foundation created this calculator to illustrate health insurance premiums and subsidies for people purchasing insurance on their own in new health insurance exchanges