name: Tax Templates Vocabulary
description: Domain vocabulary for tax document templates, financial disclosures, and enterprise tax filing workflows across US federal, state, and international jurisdictions.
url: https://www.irs.gov/
version: "1.0"
created: "2026-05-03"
modified: "2026-05-03"
tags:
  - Documentation
  - Finance
  - Tax
  - Templates
terms:
  - term: W-2
    definition: "IRS Form W-2 (Wage and Tax Statement). Annual form employers file with the SSA and provide to employees, reporting wages paid and all taxes withheld during the calendar year."
    type: form
    domain: Employment Tax
  - term: 1099-NEC
    definition: "IRS Form 1099-NEC (Nonemployee Compensation). Issued to freelancers, contractors, and other non-employees receiving $600+ in compensation during the tax year."
    type: form
    domain: Information Reporting
  - term: 1099-INT
    definition: "IRS Form 1099-INT (Interest Income). Issued by banks and financial institutions reporting interest earned on accounts exceeding $10 during the year."
    type: form
    domain: Information Reporting
  - term: 1099-DIV
    definition: "IRS Form 1099-DIV (Dividends and Distributions). Issued by companies and mutual funds reporting dividend payments made to shareholders."
    type: form
    domain: Information Reporting
  - term: 1099-B
    definition: "IRS Form 1099-B (Proceeds from Broker and Barter Exchange Transactions). Reports sales of securities and other assets to allow calculation of capital gains."
    type: form
    domain: Information Reporting
  - term: Schedule K-1
    definition: "IRS Schedule K-1. Reports a partner's, shareholder's, or beneficiary's share of income, deductions, and credits from a partnership, S corporation, or trust."
    type: form
    domain: Pass-Through Tax
  - term: FATCA
    definition: "Foreign Account Tax Compliance Act. US law requiring foreign financial institutions to report information about accounts held by US persons to the IRS. Implemented via Form 8938 and GIIN registration."
    type: regulation
    domain: International Tax
  - term: FBAR
    definition: "FinCEN Form 114 (Report of Foreign Bank and Financial Accounts). US persons with foreign financial accounts exceeding $10,000 at any point must file annually with FinCEN."
    type: form
    domain: International Tax
  - term: CRS
    definition: "Common Reporting Standard. OECD framework for automatic exchange of financial account information between tax authorities across 100+ countries, parallel to FATCA."
    type: regulation
    domain: International Tax
  - term: GIIN
    definition: "Global Intermediary Identification Number. A 19-character identifier assigned to foreign financial institutions that register under FATCA."
    type: identifier
    domain: International Tax
  - term: Box 12 Codes
    definition: "Codes used on IRS Form W-2 Box 12 to identify different types of compensation and benefits, including D (401k deferrals), C (taxable group life insurance), G (457 deferrals)."
    type: coding
    domain: Employment Tax
  - term: 1098
    definition: "IRS Form 1098 (Mortgage Interest Statement). Issued by mortgage lenders reporting mortgage interest paid by a borrower for potential itemized deduction."
    type: form
    domain: Deductions
  - term: 1098-T
    definition: "IRS Form 1098-T (Tuition Statement). Issued by eligible educational institutions reporting tuition payments, enabling American Opportunity and Lifetime Learning credits."
    type: form
    domain: Education Credits
  - term: Schedule C
    definition: "IRS Schedule C (Profit or Loss from Business). Filed by sole proprietors to report self-employment income, deductions, and net profit or loss."
    type: form
    domain: Self-Employment
  - term: Schedule SE
    definition: "IRS Schedule SE (Self-Employment Tax). Calculates the self-employment tax owed on net earnings from self-employment, which covers both the employee and employer portions of Social Security and Medicare."
    type: form
    domain: Self-Employment
  - term: Corrected Return
    definition: "An amended version of a previously filed information return (W-2, 1099, etc.) to correct errors. Marked with a checkmark or 'CORRECTED' designation."
    type: concept
    domain: Filing Corrections
  - term: TIN Matching
    definition: "IRS process allowing payers to verify that a payee's name and TIN match IRS records before filing information returns, reducing backup withholding risk."
    type: process
    domain: Compliance