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.
7 Glossary Terms Found.
Refund
This is the amount owed to a Taxpayer when the total tax payments made for the year are greater than the total tax due for the year.
Refund Anticipation Check (RAC)
A check issued by the Bank after funds have been received by the IRS and requires no out of pocket fees from the Client. This is an old term isn’t used.
Rejection
A message from the IRS or the State Agency that a Return has not been accepted via electronic filing. The Return must be corrected and retransmitted.
Remote Computer
See Feeder Site.
Remote Office
An office whose registration and setup is controlled by a Main Office. The level of access granted to a Remote Office will be controlled by the Main Office.
Retrieve
The process which occurs when a Transmitting Computer uploads Return data from a Non-Transmitting Computer or when a return is added to a database manually.
Routing Transit Number (RTN)
A unique number to every bank and is used to identify that bank for direct deposit of a Tax Refund.