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 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 definition.
- Definition Itemized Deductions:
- Dictionary expenditures allowed by the tax Code as deductions from adjusted gross income. Examples are certain medical expenses, qualified interest on home mortgages, and charitable contributions. Itemized identifying numbers explain.
- Definition Intangible Personal Property:
- Dictionary Property, other than real property, with no intrinsic value; its value lies in the rights conveyed. Examples include cash, insurance, stock, goodwill, and patents identifying numbers what is.
- Definition Interest Received:
- Dictionary An amount received for the use of money that is to be repaid in full at a specified time or on demand identifying numbers meaning.
How works Identifying Numbers meaning in Tax definitions I .
