INVOICE Definition

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INVOICE is a detailed list of goods shipped or services rendered, with an account of all costs; an itemized bill.

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GIFTS-IN-KIND are non-cash gifts of tangible or intangible property. Tangible property can fall into two distinct categories, and its value is derived from its physical existence: 1. objects, such as equipment, software, automobiles, printed materials, etc.; or, 2. services, such as providing photography services. Intangible personal property is property whose value stems from intangible elements, e.g. patents and copyrights.

940 FORM is the U.S. IRS Employers Annual Payroll Tax form.

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