information reporting

information reporting

Reports provided to the IRS but which do not carry with them any liability for income taxes from the reporting entity. Partnerships and subchapter S-corporations must file information returns,closing agents must report real property purchase price information regarding the seller (Form 1098), and real estate brokers must report earnings of their agents (Form 1099).

References in periodicals archive ?
gov/Tax-Professionals/ Information-Reporting-Program-Advisory-Committee-(IRPAC)Open-Season) for membership in the Information Reporting Program Advisory Committee for a three-year term beginning in January 2017.
Treasury Department (USDT) and the Internal Revenue Service (IRS) released final rules to implement the information reporting provisions for insurers and certain employers under the employer mandate provisions of the ACA.
The IRS then issued Notice 2013-45, which provides transition relief through 2014 from: 1) the information reporting requirements applicable to insurers, self-insuring employers and certain other providers of minimum essential coverage under Section 6055 of the Internal Revenue Code (IRC); 2) the information reporting requirements applicable to large employers under Section 6056; and 3) the employer shared responsibility provisions under Section 4980H.
BANKING AND CREDIT NEWS-October 16, 2012--Bank of America Merrill Lynch migrates to new information reporting system(C)2012 M2 COMMUNICATIONS http://www.
M2 EQUITYBITES-October 16, 2012--Bank of America Merrill Lynch migrates to new information reporting system(C)2012 M2 COMMUNICATIONS http://www.
The regulations also clarify the rule that owners of disregarded entities--except for qualified subchapter S subsidiaries (QSubs)--are responsible for backup withholding and information reporting under Sec.
In late October, the Information Reporting Program Advisory Committee (IRPAC) released its 2010 Report, which is an annual report that includes recommendations on a wide range of tax administration issues.
Efforts are continuing in an effort to ease some of the new Internal Revenue Service Form 1099 information reporting rules put in place by the health care reform law.
The IRS's Information Reporting Program Advisory Group is a committee of private sector representatives who meet to review and make recommendations to the IRS Commissioner about information reporting issues.
Financial executives, financial analysts, portfolio managers and others are all invited to attend a free day-long conference on how XBRL, a standard in business information reporting, will transform the way financial executives and buy--and sell-side analysts conduct analysis and report information.
In November 2003, we introduced the Damage Information Reporting Tool (DIRT) to report, record and analyze underground damage information.
Product Liability & Risk is described as a "complete product liability news and information reporting service.

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