IRS 2007 Data Book Released
The IRS has released its Data Book for the 2007 fiscal year. The Data Book (IRS Pub. 55B) is helpful in providing information concerning IRS activities. Here’s a brief overview of the publication.
For the time period October 1, 2006, through September 30, 2007, the IRS collected almost $2.4 trillion in taxes (net of refunds) and processed more than 235 million returns. More than 114 million individual income tax return filers received tax refunds that totaled $248.6 billion. In fiscal year 2007, IRS spent an average of 40 cents to collect each $100 of tax revenue, which was the lowest in seven years and down from 42 cents per $100 in fiscal year 2006. IRS examined nearly 1.4 million individual income tax returns in fiscal year 2007. IRS personnel answered more than 33.2 million toll-free calls from taxpayers during the fiscal year, and the IRS Web site received about 215 million visits.
The Data Book is available here (pdf - 2 MB).
