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.
Care Provider
A person or entity who provides care for an individual and whose income can be expensed by the Taxpayer who makes the payments of income.
Central Site (CS)
This is the home base where all communications between the Tax Preparer and the IRS and State Agencies take place. This is also how Remote offices communicate with their Main office.
Child and Dependent Care Credit
This is a nonrefundable credit available to certain taxpayers to claim a credit for paying someone to care for their qualifying Dependents under the age of 13 or Spouses or dependents who are unable to care for themselves
Child Tax Credit (CTC)
The child tax credit is a tax credit intended to make caring for children or qualifying dependents more affordable for working families
Client
The Client is the person for whom the Preparer is preparing Tax Returns. The Client is interchangeably referred to as the Taxpayer
Co-Branding
The process of rebranding the software with unique business logos.
Communications
The process which occurs during Transmit/Transmission when information is sent to Central Site from the User and information is sent back to the User from Central Site
Conversion
The process of gathering data from one tax program & auto-populating generic data (taxpayers name, address, phone, spouses data, dependents) in the uTax platform. These converted returns are for Information purpose only & should not be treated as efilable.