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EMPLOY ER IN TER N S H I P RE SOUR C E GU I NOTABLE OF CONTENTS Welcome to the LSU Linde Career Center1Building an Internship Program Checklist2Phase 1: Preparation3Phase 2: Recruitment6Phase 3: Screening
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IN TERS refers to the information return that is filed by certain entities to report payments and other tax-related information to the IRS.
Generally, businesses and organizations that make certain types of payments, such as wages, interest, rents, and royalties, are required to file IN TERS.
To fill out IN TERS, one must provide information such as the payer's and payee's details, the amount paid, and the type of payment made. Templates and instructions are available from the IRS website.
The purpose of IN TERS is to provide the IRS with information needed to ensure that income is accurately reported and taxed accordingly.
Information that must be reported includes the payer's taxpayer identification number (TIN), payee's TIN, total payments made, and any tax withheld.
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