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.
Taxpayer
The Taxpayer is the person for whom the Preparer is preparing Tax Returns. The Taxpayer is interchangeably referred to as the Client.
Taxpayer Identification Number (TIN)
A generic name for any type of Identification number that is used to represent a Taxpayer. A TIN could be assigned by a Federal Agency or a State Agency.
Technology Access Fee
The Technology Access fee is a fee that is added to Bank Product returns. This is a fee that cannot be adjusted. These fees are paid to Central Site.
Transfer(ring)
The process which occurs when Return data is sent from a Non-Transmitting Computer to a Transmitting Computer or when a return is moved from one database to another manually.
Transmit(ting)/Transmission
The process which occurs when a Transmitting Computer sends information to and receives information from Central Site.
Transmitter Add-on Fee
The Transmitter add on fee is an amount that the SVB, Multi office owner, or single ERO can add on to the Transmitter fee and is placed in an account and paid out directly to the SVB, Multi office owner, or single ERO twice per year (usually in July and November). The Transmitter add on fee is listed to the taxpayer as a part of the Transmitter/Technology Access fee and is added to every return that has a Bank Product added to it.
*This fee is set during the EFIN bank application process.*
*These fees are no longer adjustable once the first tax return is submitted and acknowledged by the IRS.*
*The max amount allowed to add on is set by each bank and the software provider.*
Transmitter Fee
The Transmitter fee is a fee that is added to EVERY returns that an ERO does that has a bank product attached to it. This is a fee that cannot be adjusted. These fees are paid to Central Site.
Transmitting Computer
This is a computer capable of Transmitting to and from Central Site. A Transmitting Computer does not necessarily have an associated Non-Transmitting Computer.