Big Increase in High AGI Returns: The number of income tax returns reporting adjusted gross income of $200,000 or more increased 16.5 percent from 1998 to 1999, according to the latest issue of the Statistics of Income Bulletin.
The Spring 2002 issue, released by the Internal Revenue Service, also includes articles on S corporation returns, a reconciliation of pretax corporate income reflected on financial statements with that reflected on corporate income tax returns, and a review of federal estate tax returns filed for estates of 1999 decedents.
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