Drake Tax - Common Acronyms Abbreviations
Article #: 10403
Last Updated: November 06, 2024
| Abbreviation | Meaning |
|---|---|
| ACTC | Additional Child Tax Credit |
| ACA | Affordable Care Act |
| AGI | Adjusted Gross Income |
| AICPA | American Institute of Certified Public Accountants |
| AMT | Alternative Minimum Tax |
| ATIN | Adoption Taxpayer Identification Number |
| BA | Business Analyst |
| BBS | Bulletin Board System |
| CG | Capital Gain |
| COLA | Cost of Living Adjustment |
| CPA | Certified Public Accountant |
| CE | Continuing Education (IRS usage) |
| CPE | Continuing Professional Education |
| CTC | Child Tax Credit |
| CY | Calendar year |
| CYEI | Current Year Earned Income |
| DBF | Data Base Files |
| DCN | Declaration Control Number |
| DD | Direct Debit or Direct Deposit |
| DISC | Domestic International Sales Corporation |
| DOR | Department of Revenue |
| DOT | Department of Transportation |
| EA | Enrolled Agent |
| EDPA | Entire Disposition Passive Activity |
| EF | Electronic Filing |
| EFIN | Electronic Filing Identification Number |
| EFT | Electronic Funds Transfer |
| EIC or EITC | Earned Income (Tax) Credit |
| EIN | Employer Identification Number |
| ERC | Error Reject Code |
| ERO | Electronic Return Originator |
| ESA | Educational Savings Account |
| ETC | Electronic Training Center |
| ETIN | Electronic Transmitter Identification Number |
| FBAR | Report of Foreign Bank and Financial Accounts (FinCEN Report 114) |
| FICA | Federal Insurance Contributions Act |
| FMS | Financial Management System |
| FOB | Freight On Board |
| FS | Filing Status |
| FTB | Franchise Tax Board |
| FTD | Federal Tax Deposit |
| FUTA | Federal Unemployment Tax Act |
| HSA | Health Savings Account |
| IP | Internet Protocol |
| IRA | Individual Retirement Account |
| IRC | Internal Revenue Code |
| IRS | Internal Revenue Service |
| ISP | Internet Service Provider |
| ITIN | Individual Taxpayer Identification Number |
| LLC | Limited Liability Company |
| LTCG | Long Term Capital Gains |
| MAGI | Modified Adjusted Gross Income |
| MeF | Modernized E-File |
| MSA | Medical Savings Account |
| NAEA | National Association of Enrolled Agents |
| NATP | National Association of Tax Professionals |
| NRA | Non-Resident Alien |
| OLF | On Line Filing |
| OPR | Office of Professional Responsibility |
| PAL | Passive Activity Loss |
| PAN | Passive Activity Number |
| PATS | Participants Acceptance Testing System |
| PIN | Personal Identification Number |
| PTIN | Preparer Tax Identification Number |
| PYEI | Prior Year Earned Income |
| QC | Quality Control |
| RRC | Recovery Rebate Credit |
| RRTA | Railroad Retirement Tax Act |
| RSA | Retirement Savings Account |
| RTN | Routing Transit Number |
| SBIN | Service Bureau Identification Number |
| SEE | Special Enrollment Examination |
| SSA | Social Security Administration |
| SSN | Social Security Number |
| STCG | Short Term Capital Gains |
| STM | Statement |
| TA | Tax Analyst |
| TDS | Transcript Delivery System |
| TY | Tax Year |
| UCE | Unemployment Compensation Exclusion |
| VA | Veterans Administration |
| VITA | Voluntary Income Tax Assistance |
See Drake Tax - Tax Literals Acronyms for other common literals and related data entry.