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.
6 Glossary Terms Found.
Dependent
This is a person, other than the Taxpayer or Spouse, who entitles the Taxpayer to claim a dependency exemption.
Depreciation
This is a deduction taken for the business use of certain items which lose value over a period of time longer than one year, such as office furniture.
Direct Deposit
his is an electronic transfer of a Refund into a Taxpayer’s financial institution account directly from the IRS
Doc Prep Fee
The e-file fee is a fee that is only available through SBTPG only. This fee is added to every tax return with a bank product added to it.
The Doc Prep fee is paid out directly to the ERO bank deposit account on each bank application and is paid out weekly upon IRS funding.
*This fee is set during the EFIN bank application process.*
*These fees are no longer adjustable once the first tax return is submitted to Central Site.*
*The max amount allowed to add on is set by SBTPG Bank.*
Donee
A Donee is a non-profit organization that is authorized by the federal government to accept tax-deductible charitable contributions.
Due Diligence
This is a process, which when used in the context of the Earned Income Tax Credit (EITC), refers to requirements that Preparers must follow when preparing returns that involve the EITC.