INFORMATION / INFORMATIONAL RETURN Definition

Bookmark and Share

INFORMATION / INFORMATIONAL RETURN is one of many returns that only communicates to the Internal Revenue Service information relevant to tax liability and does not compute the actual liability of any taxpayer or accompany the actual payment of tax; used for sale of property, dividends, and others (e.g., W-2 and Forms 1099).

Learn new Accounting Terms

RESCIND is to revoke, cancel, or repeal a law, order, or agreement.

SENIOR DEBT/NOTE are loans or debt securities that have a claim prior to junior obligations and equity on a corporation's assets in the event of a liquidation.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.