business activity code

business activity code definition - business

business activity code

An Internal Revenue Service numerical system to classify a business on the basis of the type of activity in which it is engaged. For example, 112400 identifies goat and sheep farming. The code is used to facilitate the administration of the Internal Revenue Code.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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