March 24, 1989
Record Federal Tax Collections in 1988
The Internal Revenue Service reported record federal tax
collections of $935.1 billion for fiscal year 1988. Individual
tax receipts totaled $473.7 billion, an increase of 1.8 percent
over the prior year. Corporation tax receipts rose 6.6 percent
to $109.7 billion.
These and other facts about IRS operations are contained in
the annual report issued by the Commissioner of Internal Revenue
and the Chief Counsel for the Internal Revenue Service.
IRS service centers processed 194 million federal tax
returns and supplemental documents in 1988. About 583,000 of the
returns were filed electronically. Over 88 million of all
returns received were Forms 1040 and 1040A individual income tax
returns. More than 18 million individual taxpayers, 17.1 percent
of all individual filers, used the simplified Form 1040EZ, an
increase of 9 percent over last year.
IRS issued 83 million refunds totaling $94.5 billion in
fiscal year 1988. Individual refunds averaged $921.
The IRS examined 1,060,807 returns and recommended
additional tax and penalties of over $20 billion. The IRS
collected $23.3 billion in delinquent taxes in 1988 compared with
$22.9 billion in 1987.
The report shows that during the 1988 tax season taxpayers
wrote, telephoned or visited IRS offices over 59.8 million times
to obtain tax information. About 5.9 million taxpayers used the
toll-free telephone system to order forms and publications.
The report also gives information on tax guidance provided
by the Chief Counsel for the IRS; expansion of international
programs; several research projects, and many other narrative and
statistical reports of IRS programs.
The annual report, IRS Publication 55, is available for
$3.50 from the Superintendent of Documents, U.S. Government
Printing Office, Washington, DC 20402, telephone (202) 783-3238.
The stock number reference for the report is 048-02280-0.
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