Professional Accounting & 
  Consulting ServicesSM
IRS News

  

A Guide to Information Returns



Information from IRS.gov
 

What is an Information Return?

An information return is a tax document businesses are required to file to report certain business transactions to the Internal Revenue Service (IRS). The requirement to file Information Returns is mandated by the Internal Revenue Service and associated regulations.

Who must file Information Returns?

Any person, including a corporation, partnership, individual, estate, and trust, who make reportable transactions during the calendar year must file information returns to report those transactions to the IRS. Persons required to file Information Returns to the IRS must also furnish statements to the recipients of the income. Filers who have 250 or more must file these returns electronically.

Links:

IRS News courtesy of:
Professional Accounting & Consulting Services
Post Office Box 32736
Baltimore, MD 21282-2736
(410) 653-3450
info@ProfAccs.com

Web Hosting Companies