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.
10 Glossary Terms Found.
Federal Tax Identification Number (FTIN)
Synonymous with the TIN, and is generic for any type of Identification number assigned by the IRS for reporting purposes.
Feeder Site
Also known as a Remote Computer that will transmit directly to Central Site to communicate with the Main Office or Service Bureau.
Filing Status
The Filing Status of the Taxpayer determines the rate at which taxable income is taxed. The five filing statuses are as follows: Single, Married Filing a Joint return, Married Filing a Separate return, Head of Household, and Qualifying Widow(er) with dependent child.
Form 1040
The standard Internal Revenue Service (IRS) form that taxpayers use to file their annual income tax returns.
Form 1065
Part of IRS Schedule K-1, that reports income from a partnership and is sent to the partners so they can include that income on their personal tax returns if necessary.
Form 1120
A corporate tax return in the United States to report its revenue, expenses, and profits or losses.
Form 1120s
Like the 1120 form, the 1120s is a tax document used to report the income, losses, and dividends of S corporation shareholders.
Form 8453
An electronic signature document that is used to authorize e-filing the state return.
Form 8879
An electronic signature document that is used to authorize e-filing the federal return.
Form 990
This federal form must be filed annually by tax-exempt organizations.