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MATCHING -Verifying the Identity of a Person

question 27

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MATCHING
-verifying the identity of a person


Definitions:

Market Value

The immediate cost at which one can buy or sell a service or asset.

IRS

The Internal Revenue Service, the U.S. federal agency responsible for administering and enforcing the tax laws and collecting federal taxes.

Tax Return

A form or forms filed with a government body reporting income, expenses, and other pertinent tax information, used to calculate tax liability.

Financial Statements

Formal records of the financial activities and condition of a business, person, or other entity, typically including a balance sheet, income statement, and cash flow statement.

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