Information Return (Noun)
Meaning
A return that provides information to the tax collector but does not compute the tax liability.
Classification
Nouns denoting communicative processes and contents.
Examples
- The company is required to file an information return with the tax authority by the end of each month.
- The W-2 form serves as an information return to report an employee's annual income and taxes to the IRS.
- She received an information return from her bank that detailed her interest earnings for the past year.
- Employers must furnish information returns to employees and the Social Security Administration for wage and tax reporting.
- The investment firm submitted an information return that included the names and addresses of all its shareholders.