information return
- noun
- Formal
:
declaración de información
- The company must submit an information return to report its financial transactions to the tax authority.
- a tax information return
- a third-party tax information return
Examples
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Electronic filing enables millions of tax information returns prepared by third parties, with billions of individual entries, to be received, processed, and matched with their electronically received counterparts of the tax returns submitted by taxpayers.
Academic text (2017) -
Substantial penalties apply for failure to timely file a correct information return.
Blog text (28) -
The failure to prepare and timely submit these tax information returns is subject to penalties that have become increasingly onerous.
Academic text (2017) -
The converse is also true: in the absence of third-party tax information return reporting, tax compliance plummets.
Academic text (2017) -
Notwithstanding cries from the financial and banking industries that they faced a mountain of technical issues that could not be overcome, Congress passed legislation mandating that third-party brokers track the tax bases that their clients had in their investments and report these dollar figures on tax information returns.
Academic text (2017) -
Empirical evidence strongly supports the virtues of third-party tax information reporting: when third-party tax information return reporting is present (particularly when coupled with withholding), tax compliance is high.74
Academic text (2017) -
An information return provides detailed data about income, but it does not indicate how much tax is owed.
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Completing the information return correctly is essential to avoid penalties from the tax agency.
Synonyms
141
6.0
A form you send to tax officials showing your income
12
2.8
An official paper you use to tell the government how much money you earn and owe in tax
Surface Forms
Morphology
The phrase is compositionally transparent: 'information' modifies 'return' to mean a tax-related return that reports information. This is a straightforward noun+noun compound following common cross-linguistic patterns, so a B1 learner who knows both constituents would likely infer the basic meaning (though detailed legal nuances about not calculating tax are domain-specific).
Etymology
Information return may come from the simple idea of sending a paper back to the tax office that gives information about payments or income, with return meaning the form you 'return' to them. So, information return means a document that 'reports' financial facts but does not calculate the 'tax' owed.