Information return

Information return

A return sent to the IRS (e.g., 1099 series) or the SSA (e.g., Form W-2, Copy A along with Form W-3 or 6559) that indicates information relevant to tax liability.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Accounting
Category: Payroll
Company:
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Acronym-Abbreviation:

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Related terms

information return

Accounting; Payroll

A return sent to the IRS (e.g., 1099 series) or the SSA (e.g., Form W-2, Copy A along with Form W-3 or 6559) that indicates information relevant to tax liability.

filing information returns electronically (FIRE)

Accounting; Payroll

The IRS’s system for filing information returns (e.g., Forms 1099 MISC), electronically.

return

Law enforcement; Human Trafficking

To return to one’s country and/or community of origin. In the context of anti-trafficking work, return involves not only the physical transportation of the victim but also ...

return

Banking; Investment banking

Annualized rate of return on an investment, expressed in percent. The return consists of coupon payments plus any capital gains/losses.

return

Convention; Conferences

Panel joined to back wall at right angles.

return

Construction; Carpentry

The part of a molding cornice, or wall surface that changes direction, usually at a right angle, toward the building wall.

annual wage reporting (AWR)

Accounting; Payroll

Social Security Administration’s system of recording wages reported annually by employers on Form W-2.

statutory nonemployees

Accounting; Payroll

Special groups of workers who may qualify as common law employees but are treated under the law as independent contractors (e.g., qualified real estate agents and direct sellers) ...

taxpayer identification number (TIN)

Accounting; Payroll

social security number or employer identification number, which serves as the taxpayer’s account number with the IRS.

wage orders

Accounting; Payroll

State agency directives that set wage and hour standards, usually for specific industries.

paycard

Accounting; Payroll

Stored-value debit cards funded by employers with employees' pay. Workers can access their pay by using the cards to withdraw cash or make purchases.

withholding

Accounting; Payroll

Subtracting amounts from an employee’s wages for taxes, garnishments or levies, and other deductions (e.g., medical insurance premiums, union dues). These amounts are then paid ...