What IDENTIFYING NUMBERS means: All taxpayers and dependents must have identifying numbers. Individuals, with rare exceptions, use their social security numbers. Businesses, estates, trusts, partnerships, and payers of dividends and interest, use employer identification numbers. Certain resident and nonresident aliens use an individual taxpayer identification number. Certain children in the process of being adopted may receive an adoption tax identification number.
- Definition Income:
- Dictionary income," in its broad sense, is the gain derived from capital, labor, or a combination of the two. It is distinguishable from the capital itself. Ordinarily, for income tax purposes, the word identifying numbers definition.
- Definition Individual Retirement Arrangement (IRA):
- Dictionary retirement arrangement is a trust set up to receive retirement contributions of individuals. The arrangement may be in the form of an individual retirement account or individual retirement annuity identifying numbers explain.
- Definition Investment Tax Credit:
- Dictionary A provision under which tax credits are allowed for rehabilitating a building or investing in energy property for business purposes identifying numbers what is.
- Definition Information Returns:
- Dictionary such as Form W-2 and the various 1099 forms, which report to the IRS income and property transactions. The payer, broker, or other designated person is required to file these returns and is subject identifying numbers meaning.
How works Identifying Numbers meaning in Tax definitions I .
