Return information definition

Return information means any information collected or generated by the Internal Revenue Service with regard to any person's liability or possible liability under the internal revenue code. Return information includes, but is not limited to, information that the Internal Revenue Service obtained from any source or developed through any means that relates to the potential liability of any person under the internal revenue code for any tax, penalty, interest, fine, forfeiture, or other imposition or offense, information extracted from a return, including names of dependents or the location of a business, the taxpayer's name, address, and identification number, information collected by the Internal Revenue Service about any person's tax affairs, even if identifiers, such as name, address, and identification numbers, are deleted, information regarding whether a return was filed or not, is under examination, or is subject to other investigation or processing, including collection activities, and information contained on transcripts of accounts.

Return information means only a natural person;

Return information means a taxpayer's identity, the nature, source, or amount of the taxpayer's income, payments, receipts, deductions, exemptions, credits, assets, liabilities, net worth, tax liability, tax collected or withheld, tax underreportings, tax overreportings, or tax payments, whether the taxpayer's return was, is being, or will be examined or subjected to other investigation or processing, or any other data received by, recorded by, prepared by, furnished to, or collected by the commissioner with respect to a return or with respect to the determination of the existence, or possible existence, of liability of any person for any tax, penalty, interest, fine, forfeiture, or other imposition, or offense. "Return information" does not include data in a form [ which] that cannot be associated with, or otherwise identify, directly or indirectly, a particular taxpayer. Nothing in the preceding sentence, or in any other provision of law, shall be construed to require the disclosure of standards used or to be used for the selection of returns for examination, or data used or to be used for determining such standards or the disclosure of the identity of a confidential informant, whether or not a civil or criminal tax investigation has been undertaken or completed.

Examples of Return information in a sentence

• Return information is limited to items such as tax liability and estimated tax payments.

• Return information disclosed pursuant to this section may not be used in any criminal judicial proceeding, or any preparations therefor (or in a criminal investigation which may result in such a proceeding), involving the enforce- ment of a criminal statute, without compliance with the requirements of section 6103(i) (1) or (2) as appropriate.

• Return information disclosed to officers and employees of the U.S. Customs Service or to the De- partment of Justice as provided by this section may not be used or disclosed for any purpose other than to ascer- tain, or advocate or defend the correct- ness of, Customs determinations with respect to, any entry in the audits for which the information was requested or in certain actions resulting from the audits as described above.

• Return information, as defined in section 6103(b)(2) of the Code, must be kept confidential and disclosed, used, and maintained only in accordance with section 6103 of the Code.

• Return information disclosed under sub- paragraph (A) may be used by officers and employees of the Department of Education only for the purposes of, and to the extent necessary in, establishing the appropriate income contingent repayment amount for an applicable student loan.

More Definitions of Return information

Return information means any information shown on a return which is filed with, or furnished to, the Department, by, or on behalf of, a taxpayer, including taxpayers’ names, addresses, account numbers, tax computations or payment data, and any other specific accounts details.

Return information means the same as that term is defined in 26 U.S.C. Sec. 6103.

Return information means information gained by the commission that is required to be attached to or included in a return filed with the commission.

Return information is as defined under 26 U.S.C. § 6103(b)(2) and has the same meaning as Federal Tax Information (FTI) as used in IRS Publication 1075, “Tax Information Security Guidelines for Federal, State and Local Agencies”;

Return information means a taxpayer's name, address, government-issued identification number and other identifying information; any information contained in or derived from a taxpayer's return; any information with respect to any actual or possible administrative or legal action by an employee of the department concerning a taxpayer's return, such as audits, managed audits, denial of credits or refunds, assessments of tax, penalty or interest, protests of assessments or denial of refunds or credits, levies or liens; or any other information with respect to a taxpayer's return or tax liability that was not obtained from public sources or that was created by an employee of the department; but "return information" does not include statistical data or other information that cannot be associated with or directly or indirectly identify a particular taxpayer;

Return information means “a taxpayer’s identity, the nature, source, or amount of

Return information means a taxpayer’s identity, nature, source, or amount of income, payments, receipts, deductions, exemptions, credits, assets, liability, tax withheld, deficiencies, etc. or any other data received by, recorded by, prepared by, furnished to, or collected with respect to the determination of the existence or possible existence, of liability of any person of any tax, penalty, interest, fine, forfeiture, or other imposition or offense.