Tax information reporting

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Tax information reporting in the United States is a requirement for organizations to report wage and non-wage payments made in the course of their trade or business to the Internal Revenue Service (IRS). This area of government reporting and corporate responsibility is continuously growing, carrying with it a large number of regulatory requirements^[1] established by the federal government and the states. There are currently more than 30 types of tax information returns required by the federal government,^[2] and they provide the primary cross-checking measure the IRS has to verify accuracy of tax returns filed by individual taxpayers.