Glossary of Terms
Glossary is usually defined as an alphabetical list of technical terms in some specialized field of knowledge. This knowledge base glossary provides a collection of knowledge base documents that define many technical terms. These terms are arranged alphabetically, but you can quickly jump to a specific term by selecting its first letter from the index of the knowledge base glossary below.
8 Glossary Terms Found.
Acknowledgment
A message from the IRS or the State Agency that a Return has been accepted via electronic filing
Add-On Fee
Additional fee added by ERO or SVB that is associated with providing a bank product.
Adjust Gross income (AGI)
This amount is the Taxpayer’s total income reduced by certain deductions, such as contributions made to an IRA, student loan interest payments and other available deductions.
Adjustments to Income
This amount is the Taxpayer’s total deductions that are subtracted from gross income to calculate Adjusted Gross Income (AGI). These include, but are not limited to, deductions for moving expenses, alimony paid, a penalty on early withdrawal of savings, and contributions to an individual retirement arrangement (IRA). Adjustments to income can be subtracted from gross income even if itemized deductions are not available or claimed.
Advance
A loan is taken against a personal tax return; prior to the IRS funding, processed by a bank product with a bank application.
Amount Due
This is the amount the Taxpayer owes to the IRS when the total tax due for the year is greater than the total tax payments already made for the year
Asset
Any item of economic value owned by an individual or corporation which must be depreciated for tax purposes.
Audits
These functions are used to configure the diagnostic validations.