Small Business Taxes & Management^TM--Copyright 1999-2008, A/N Group, Inc.

Note: This list contains two sections--Business Abbreviations and Special IRS Abbreviations, below. Be sure to check both lists for tax abbreviations. Use the find feature in your browser to speed the search. Some abbreviations appear twice. Finally, there's a list of Significant Tax Legislation and the accompanying abbreviations.

90DSAC--90 days, same as cash

A&H--Accident and health insurance
A&I--Accident and indemnity
A&S--Accident and sickness insurance
AAA--American Accounting Association also Association of Accounting Administrators
AAA-CPA--American Association of Attorney-Certified Public Accountants
AAG--Audit and accounting guides
AAPC--Accounting and Auditing Policy Committee
AATF--Airport and Airway Trust Fund
AAGR--Annual average growth rate
ABA--American Bar Association
ABA--American Bankers Association
ABA--Accredited Business Accountant
ABC--Activity based costing
ABL--Asset-based lending (also, asset-based loan)
ABP--Average benefit percentage
ABS--Asset based securitization
ABV--Accredited in Business Valuation
ACH--Automated clearing house
ACLI--American Council of Life Insurance
ACII--American Association of Individual Investors
ACP--Average contribution percentage
ACR--Actual contribution ratio
ACP--Actual deferral percentage
ACRS--Accelerated cost recovery system
ACV--Actual cash value
AD&D--Accidental death and dismemberment
ADA--Americans with Disabilities Act
ADEA--Age Discrimination in Employment Act
ADI--After date of invoice ADJ--Adjust or adjustment
ADP--Average deferral percent
ADP--Actual deferral percentage
ADR--Asset depreciation range
ADR--American depositary receipt
ADR--Alternative dispute resolution
ADR--Average deferral ratio
ADR--Average daily rate
ADS--Alternative depreciation system
A/E--Accured expense (also AE)
AE--Actual expense
AET--Accumulated earnings tax
AEI--American Enterprise Institute
AER--Annual equivalent rate
AFC--Average fixed costs
AFP--Association for Financial Professionals
AFDA--Allowance for doubtful accountas AFDC--Aid to Families with Dependent Children
AFE--Average funds employed
AFN--Additional funds needed
AFR--Applicable federal rate
AFTS--Automatic funds transfer services
AGI--Adjusted gross income
AICPA--American Institute of Certified Public Accountants
AIME--Average indexed monthly earnings
AIR--Assumed investment rate
AJE--Adjusting journal entry (also A/J/E)
ALV--Average lease value (cars)
AMA--American Management Association
AMEX--American Stock Exchange
AMID--Allowable miscellaneous itemized deductions
AML--Adjustable mortgage loan
AMPS--Auction market preferred stock
AMT--Alternative minimum tax
AMTFTC--Alternative Minimum Tax Foreign Tax Credit
AMTI--Alternative minimum taxable income
ANOVA--Analysis of variance
ANSI--American National Standards Institute
AON--All or none order
AOQL--Average outgoing quality level
AOV--Average order value
A/P--Accounts payable (also AP)
APB--Accounting Principles Board
APR--Annual percentage rate
APT--Arbitrage pricing theory
APY--Annual percentage yield
AQL--Acceptable quality level
A/R--Accounts receivable (also AR)
ARD--Actual retirement date
ARM--Adjustable rate mortgage
ARR--Average rate of return
ARS--Auction rate securities
ART--Annual renewable term
A/S--Account sales
ASB--Auditing standards board
ASBL--American Small Business League
ASP--Application service provider
ASPPA--American Society of Pension Professionals & Actuaries
ASR--Accelerated stock repurchase
ATA--Accredited Tax Advisor
ATB--Adjusted trial balance
ATP--Accredited Tax Preparer
ATNOL--Alternative Minimum Tax Net Operating Loss
ATNOLD--Alternative Minimum Tax Net Operating Loss Deduction
ATR--Americans for Tax Reform

B-to-B--Business to business
B-to-C--Business to consumer
B&O--Business & occupation
B&P--Budgeting & planning
BAN--Bank anticipation notes
BAT--Business activity tax
Bcfd--Billion cubic feet per day
BDC--Business Development Company
BDF--Beneficiary designation form
B/E--Breakeven
BEA--Bureau of Economic Analysis
BEIT--Business enterprise income tax
BFP--Bona fide purchaser
BI--Business intelligence
BID--Business improvement district
BIS--Bank for International Settlements
B/L--Bill of lading
BLM--Bureau of Land Management
BLS--Bureau of Labor Statistics
BOE--Bank of England
BOM--Bill of materials
BOP--Businessowner's policy
BPD--Bureau of the Public Debt
BPD--Barrels per day
BPM--Business process management
BPM--Business performance management
BPML--Business process modeling language
BRC--Business reply card
BRE--Business reply envelope
BS--Balance sheet
BSA--Bank Secrecy Act
BV--Book value (also B/V)

C&F--Cost and freight
CA--Confidentiality agreement
CAD--Computer aided design
CAE--Computer aided engineering
CAGR--Compound annual growth rate
CAM--Computer aided manufacturing
CAFR--Comprehensive Annual Financial Report
CAMPS--Cumulative auction market preferred stock
capex--Capital expenditures
CAPP--Cash account pension plan
CAPM--Capital asset pricing model
CAPS--Convertible adjustable preferred stock
CASB--Cost Accounting Standards Board
CAT--Commercial activity tax
CATS--Certificate of accrual on Treasury securities
CB--Carryback (also C/B)
CBD--Central business district
CBIT--Comprehensive business income tax
CBO--Congressional Budget Office
CBOT--Chicago Board of Trade
CBPP--Center on Budget & Policy Priorities
CBRS--Currency banking and retrieval system
CCC--Commodity Credit Corporation
CCM--Completed contract method
CD--Certificate of deposit
CDHP--Consumer-driven health plan
CDO--Collateralized debt obligation
CDS--Credit default swaps
CEA--Council of Economic Advisers
CEBS--Certified employee benefit specialist
CE&O--Customer education and outreach
CEIT--Comprehensive business income tax
CEO--Chief executive officer
CESA--Coverdell education savings account
CETA--Comprehensive Employment and Training Act of 1975
CF--Cash flow
CF--Carryforward (also C/F)
C. & F.--Cost and freight
CFA--Chartered financial analyst
CFA--Consumer Federation of America
CFAT--Cash flow after taxes
CFBT--Cash flow before taxes
CFC--Chartered financial consultant
CFE--Certified Financial Examiner
CFIA--Competency Framework for Internal Auditing
CFIUS--Committee on Foreign Investment in United States
CFO--Chief financial officer
CFP--Certified financial planner
CFR--Code of Federal Regulations
CFROI--Cash flow return on investment
CFTC--Commodity Futures Trading Commission
CGL--Comprehensive general liability (insurance)
CGS--Cost of goods sold (also COGS)
CHB--Custom house broker
ChFC--Chartered Financial Consultant
CIA--Certified Internal Auditor
CIC--Consumer Information Center
CIF--Cost, insurance, and freight
CIK--Central index keys
CIMC--Certified investment management consultant
CIP--Carriage and insurance paid
CIT--Corporate income tax
CLA--Cross licensing agreement
CLAT--Charitable Lead Annuity Trust
CLO--Collaterialized loan obligation
CLU--Chartered Life Underwriter
C.L.U.E.--Comprehensive Loss Underwriting Exchange (Report)
CLUT--Charitable Lead Unitrust
CMA--Certified Management Accountant
CMA--Comparative market analysis
CMBS--Commercial mortgage-backed securities
CME--Chicago Mercantile Exchange
CMO--Collateralized mortgage obligation
CMO--Chief marketing officer
CMSA--Consolidated metropolitan statistical area
CNC--Currently not collectible
COCA--Cost of capital allowance
COD--Cash on delivery
CODA--Cash or deferred arrangement (e.g., 401(k) plan)
COFI--Cost of funds index
COGS--Cost of goods sold
COLA--Cost of living adjustment
COLI--Cost of Living Index
COO--Chief operating officer
COS--Cost of sales
COSO--Committee of Sponsoring Organizations
COST--Council on State Taxation
CPA--Certified public accountant
CPCU--Chartered property and casualty underwriter
CPDO--Constant proportion debt obligation
CPI--Consumer price index
CPI-W--Consumer Price Index for Urban Wage Earners and Clerical Workers
CPK--Cost per keyword
CPM--Cost per thousand (sometimes also customer profitability management)
CPSC--Consumer Products Safety Commission
CRA--Credit rating agency
CRAT--Charitable Remainder Annuity Trust
CRM--Customer Relationship Management
CRO--Chief restructing officer
CRPC--Chartered Retirement Planning Counselor
CRS--Congressional Research Service
CRSR--Congressional Research Service Report
CRT--Charitable Remainder Trust
CRUT--Charitable Remainder Unitrust
CSI--Commissioners Standard Industrial Mortality Table
CSO--Commissioners Standard Ordinary Mortality Table
CSR--Customer service representative
CSR--Corporate social responsibilty
CSRS--Civil Service Retirement System
CSV--Cash surrender value
CTFA--Certified trust & financial advisor
CTV--Capital timber value
Cum--Cumulative
Cum Div--Cumulative dividend
Cum Pfd--Cumulative preferred
CUNA--Credit Union National Assocation
CUSIP--Committee on Uniform Securities Identification Procedures
CVLI--Cash value life insurance
CVP--Cost volume profit
CY--Calendar year

D&B--Dun and Bradstreet
DAF--Donor advised fund
DAN--Depositor account number
DB--Defined benefit plan
DBA--Doing business as
DBO--Death benefit only
DC--Defined contribution plan
DC--Deep discount issue
DCAP--Dependent care assistance plan
DCF--Discounted cash flow
DCR--Debt coverage ratio
DDB--Double declining balance
DDB--Deemed death benefit
DDSN--Demand-driven supply networks
DEC--Deductible voluntary employee contributions
Depr.--Depreciation
DI--Disability insurance
DIC--Document identifier code
DIO--Days inventory outstanding
DIP--Debtor-in-possession
DIT--Deposit(s) in transit
D/L--Demand loan
DMA--Designated Market Area
DMAIC--Define, measure, analyze, improve, control
DNAMTI--Distributable net alternative minimum taxable income
D/N--Demand note
DNI--Distributable net income
D/O--Delivery order
DOC--Drive other car insrance
DOC--Department of Commerce
DOJ--Department of Justice
DOL--Department of Labor
DOM--Distributed order management
DOT--Department of Transportation
DPO--Days payables outstanding
DPP--Deferred payment plan; direct participation program
DPSP--Deferred profit-sharing plan
Dr.--Debit, also debtor, drawer
DRC--Deficit reduction contribution
DRIP--Dividend reinvestment plan
DRO--Domestic relations order
DRO--Deficit capital account restoration obligation
DRP--Distribution requirements planning
DRTV--Direct response television
DSO--Days sales outstanding
DUA--Disaster Unemployment Assistance
DUS--Dollar unit sampling
DWC--Days working capital

E&P--Earnings and profits
EA--Enrolled Agent
EAP--Employee assistance plan (program)
EAR--Export Administration Regulations
Ebita--Earnings before interest taxes depreciation amortization
EBRI--Employee Benefit Research Institute
EBSA--Employee Benefits Security Administration
ECAB--Employees' Compensation Appeals Board
ECB--European Central Bank
ECF--Extended care facility
ECM--Excess cash margin
ECN--Electronic communications network
EDA--Economic Development Administration
EDGAR--Electronic Data Gathering, Analysis, and Retrieval (system)
EDI--Electronic data interchange
EEOC--Equal Employment Opportunity Commission
EFAST--ERISA Filing Acceptance System (also EFAST2)
EFT--Electronic funds transfer
EIA--Equity indexed annuity
EIC--Earned income credit
EITC--Earned income tax credit (same as EIC, above)
EIN--Employer identification number
EIS--Environmental impact statement
EMA--Expense management automation
EMA--Exponential moving average
EMIF--Emerging Issues Task Force
EO--Executive Order
EOE--Equal opportunity employer
EOM--End of month
EOQ--Economic order quantity
EP--Earned premium
EPCM--Exempt-contract, percentage-of-completion method
EPLI--Employmen practices liability insurance
EPS--Earnings per share
ERISA--Employee Retirement Income Security Act of 1974
ERM--Enterprise resource management
ERM--Enterprise risk management
ERP--Enterprise resource planning
ERS--Economic Research Service
ESA--Coverdell education savings account
ESOP--Employee stock ownership plan
ESOT--Employee stock ownership trust
ETF--Exchange traded funds
ETN--Exchange traded notes
EURIBOR--Euro Interbank Offered Rates

FAR--Floor area ratio
FAS--Free alongside ship
FASAB--Federal Accounting Standards Advisory Board
FASAC--Financial Accounting Standards Advisory Council
FASB--Financial Accounting Standards Board
FASIT--Financial asset securitization investment trusts
FBAR--Foreign bank & financial account (report)
F/B/O--For benefit of
FCA--Farm Credit Administration
FCF--Free cash flow
FDCPA--Fair Debt Collection Procedures Act
FDIC--Federal Deposit Insurance Corporation
FEMA--Federal Emergency Management Agency
FERC--Federal Energy Regulatory Commission
FERS--Federal Employees' Retirement System
F&FFurniture and fixtures
FF&E--Furniture, fixtures and equipment
FFIEC--Federal Financial Institutions Examination Council
FFO-Funds from operations
FHA--Federal Housing Administration
FHLB--Federal Home Loan Bank
FHLMC--Federal Home Loan Mortgage Corporation
FIA--Federal Insurance Administration
FIFO--First in, first out
FinCEN--Financial Crimes Enforcement Network
Finra--Financial Industry Regulatory Authority
FIRPTA--Foreign Investment in Real Property Tax Act
FIT--Financial institutions tax
FITW--Federal income tax withholding (sometimes FIT)
FLP--Family Limited Partnership
FLRAFederal Labor Relations Authority
FLSA--Fair Labor Standards Act
FMCS--Federal Mediation and Conciliation Service
FMHA--Farmer's Home Administration
FMLA--Family and Medical Leave Act
FMOC--Federal Open Market Committee
FMRR--Financial management rate of return
FMS--Financial Management Service
FMV--Fair market value
FNA--Financial needs analysis
FNMA--Federal National Mortgage Association
FO--Foreign to occupation
FOB--Free on board
FOIA--Freedome of Information Act
FOK--Fill-or-kill order
FOMC--Federal Open Market Committee
FLP--Federal Poverty Level
FPM--Flexible payment mortgage
FR--Federal register
FRA--Full retirement age
FRB--Federal Reserve Board
FRS--Federal Reserve System
FRV--Fair rental value
FS--Financial statement; Forest Service
FSA--Flexible spending arrangement; Farm Service Agency; Office of Federal Student Aid
FSI--Free standing insert
FSLIC--Federal Savings and Loan Insurance Corporation
FSP--FASB Staff Position
FTC--Federal Trade Commission
FTE--Full time employee
FUTA--Federal Unemployment Tax Act
FWT--Federal withholding tax
FY--Fiscal year
FYE--Fiscal year ended

GA--General agent
GAAP--Generally accepted accounting principles
GAO--General Accountability Office
GATT--General Agreement on Tariffs and Trade
GAW--Guaranteed annual wage
GEM--Growing equity mortgage
GFE--Good faith estimate
GIC--Guaranteed investment contract
GLA--Gross leaseable area
GMIB--Guaranteed minimum income benefit
GMWB--Guaranteed minimum withdrawal benefit
GNMA--Government National Mortgage Association
GNP--Gross National Product
GPM--Graduated payment mortgage
GPO--Guaranteed purchase option; Government Printing Office
GRAT--Grantor retained annuity trust
GRIT--Grantor retained income trust
GRUT--Grantor retained unitrust
GRM--Gross rent multiplier
GSA--General Services Administration
GSR--General securities representative
GST--Generation skipping transfer
GST--Goods and services tax
GTC--Good till canceled order

HC--Human capital
HCE--Highly compensated employee
HELOC--Home equity line of credit
HHS--Health and Human Services Department
HIBOR--Hong Kong Interbank Offered Rate
HMO--Health maintenance organization
HOW--Homeowner warranty plan
HR--Human resources
HRA--Health reimbursement arrangement
HRC--Historic rehabilitation credit
HUD--Department of Housing and Urban Development
HVAC--Heating, ventilation, and air conditioning

IAF--Inflation adjustment factor
IASB--International Accounting Standards Board
IBAN--International Bank Account Number
IBDOEI--Income before discontinued operations and extraordinary items
IBNR--Incurred but not reported
ICE--Internal control evaluation
ICQ--Internal control questionnaire
ICM--Incentive compensation management
IDB--Industrial development bond
IDIT--Intentionally defective irrevocable trust
IDS--Income deposit securities
IFRS--International Financial Reporting Standard
IIA--Institute of Internal Auditors
ILC--Industrial loan company
ILIT--Irrevocable life insurance trust
IMF--International Monetary Fund
IPO--Initial public offering
IRA--Individual retirement arrangement
IRC--Internal Revenue Code
IRD--Income in respect of a decedent
IRR--Internal rate of return
IS--Information systems
ISM--Institute of Supply Management
ISO--Incentive stock option
ITS--Intermarket trading system
IVR--Interactive voice response

J/E--Journal entry (also JE)
JEC--Joint Economic Committee
JCT--Joint Committee on Taxation

KYC--Know-your-customer

L/C--Letter of credit
L/V--Loan-to-value ratio
LBO--Leveraged buyout
LCL--Less than carload
LCM--Lower of cost or market
LIBOR--London interbank offering rate
LIFO--Last in, first out
LLC--Limited liability company
LLP--Limited liability partnership
LMRA--Labor Management Relations Act
LOB--Line of balance
LOC--Library of Congress
LOC--Line of credit
LSE--London Stock Exchange
LT--Long term
LT--Lead time
LTCG--Long-term capital gain
LTD--Limited
LTD--Long-term disability
LTI--Long-term incentive
LTI--Lead time interval
LTL--Less than truckload
LTV--Loan to value ratio
LY--Last year (also L/Y)
LYON--Liquid yield option notes

MACRS--Modified accelerated cost recovery system
MAD--Mean absolute deviation
MAGI--Modified adjusted gross income
MANOVA--Multivariate analysis of variance
MBDA--Minority Business Development Agency
MBS--Mortgage backed securities
MCC--Mortgage credit certificate
MDF--Market development funds
MDIB--Minimum distribution incidental benefit
MEWA--Multiple employer welfare arrangements
MGIC--Mortgage Guarantee Insurance Company
MIS--Management information system
MLP--Master limited partnership
MLS--Multiple listing service
MMC--Money market certificate of deposit
MPC--Marginal propensity to consume
MPS--Marginal propensity to save
MRO--Maintenance, repair, and overhaul
MRQ--Most recent quarter
MSA--Metropolitan statistical area
MSER--Multi-state Employer Registration
MSRP--Manufacturer's suggested retail price
MTC--Multi-State Tax Commission
MUPLA--Model Uniform Products Liability Act

NABA--National Association of Black Accountants
NABE--National Association for Business Economics
NAEA--National Association of Enrolled Agents
NAFEP--National Association of Financial and Estate Planning
NAHB--National Association of Homebuilders
NAIC--National Association of Insurance Commissioners
NAICS--North American Industry Classification System
NAM--National Association of Manufacturers
NAPAT--National Association for Private Annuity Trusts
NAR--National Association of Realtors
NATP--National Association of Tax Professionals
NAV--Net asset value
NBER--National Bureau of Economic Research
NCO--Net chargeoffs
NDA--Nondisclosure agreement
NDNH--National Directory New Hires
NFIP--National Flood Insurance Program
NFTC--National Foreign Trade Council, Inc.
NLRB--National Labor Relations Board
NNN--Triple net lease or net, net, net
NOI--Net operating income
NOL--Net operating loss
NOLD--Net operating loss deduction
NOPAT--Net operating profit after taxes
NOW--Negotiable order of withdrawal
N/P--Note payable (also NP)
NPA--Nonperforming assets
NPV--Net present value
NQDC--Nonqualified deferred compensation
NQPS--Nonqualified preferred stock
NR--Not rated
NRA--Net rentable area
NRD--Normal retirement date
NRE--Net realizable equity
NRI--Net revenue interest
NRF--National Retail Federation
NSA--National Society of Accountants
NSF--Not sufficient funds
NST--National sales tax
NSTP--National Society of Tax Professionals
NTIS--National Technical Information Service
NTU--National Taxpayers Union
NUA--Net unrealized appreciation
NVCA--National Venture Captial Association
NYSE--New York Stock Exchange

O/S--Outstanding
OAR--Overall rate of return
OASDHI--Old Age, Survivors, Disability, and Health Insurance
OASDI--Old Age, Survivors, and Disability Insurance
OASI--Old Age Survivors Insurance
OCC--Office of the Comptroller of the Currency
OCF--Operating cash flow
ODCF--Owner's discretionary cash flow
ODF--Opendocument format
OECD--Organization for Economic Cooperation and Development
OER--Owner's equivalent rent
OIBITDA--Operating income before interest, taxes, depreciation, and amortization
OID--Original issue discount
OJT--On-the-job training
OMB--Office of Management and Budget
OP--Order point
OR--Operations research
OTB--Open to buy
OTS--Office of Thrift Supervision

P&I--Principle and interest payment
P&L--Profit and loss statement
PAM--Pledged account mortgage
PBGC--Pension Benefit Guarantee Corporation
PBM--Pharmacy benefit management
PCAOB--Public Company Accounting Oversight Board
PCE--Personal consumption expenditure; personal consumption expenditure deflator
PCFRC--Private Company Financial Reporting Committee
PCM--Percentage-of-completion method
PCCM--Percentage-of-completion/capitalized cost method
PDM--Product data management
PE--Price-earnings ratio
PE--Private equity
PEO--Professional employer organization
PEP--Personal exemption phaseout
PERC--Premiums, earnings and reasonable charges
PERT--Program evaluation and review technique
Pfd--Preferred
PFS--Personal financial specialist
PHC--Personal holding company
PIA--Primary insurance amount
PIK--Payment in kind
PILOT--Payment in lieu of taxes
PIM--Product information management
PIPE--Public investment in private equity
PIRG--Public interest research group
PITI--Principal, interest, taxes, and insurance
PJ--Purchases journal
PLM--Product life-cycle management
PLR--Private letter ruling
PMI--Private mortgage insurance
PMSA--Primary metropolitan statistical area
PO--Purchase order
POA--Power of attorney
p.o.c.--Paid outside of closing
POD--Payable on death
POP--Premium only plans
POP--Point-of-purchase
POQ--Periodic order quantity
POS--Point-of-sale
PPA--Paperwork Reduction Act
PPE--Property, plant and equipment
PPI--Producer price index
PPO--Preferred provider organization
PRA--Paperwork Reduction Act of 1980
PRP--Preferred risk policy
PSC--Personal service corporation
PSR--Presentence report
PTO--Paid time off
PTP--Publicly traded partnership
PUD--Planned unit development
PV--Present value
PWBA--Pension and Welfare Benefits Administration
PY--Prior year

Q--Quarter
QA--Quality assurance
QBU--Qualified business unit
QC--Quality control
QDRO--Qualified domestic relations order
QE--Quarter end (or ended)
QJSA--Qualified joint and survivor annuity
QMAC--Qualified matching contributions
QMCSO--Qualified medical child support order
QNEC--Qualified nonelective contributions
QPRT--Qualified personal residence trust
QTD--Qualified total distribution
QTIP--Qualified terminable interest property

RAM--Reverse annuity mortgage
RAN--Revenue anticipation note
RAROC--Risk adjusted return on capital
RCN--Replacement cost new
REA--Return on assets
REC--Renewable Energy Certificates
Reg.--Regulation(s)
REIT--Real estate investment trust
REMIC--Real estate mortgage investment conduit
REO--Real estate owned
REPO--Repurchase agreement
RESPA--Real Estate Settlement Procedures Act
Rev. Rul.--Revenue ruling
Rev. Proc.--Revenue procedure
RFA--Regulatory Flexibility Act
RFID--Radio frequency identification (tag)
RFM--Rcency, Frequency, Monetary Analysis
RFP--Request for proposal
RFQ--Request for quotation
RI--Royalty interest
RIA--Registered investment advisor
RIC--Registered investment company
RMA--Return merchandise authorization
RMBS--Residential mortgage backed securities
ROA--Return on assets
ROC--Rate of change
ROCE--Return on capital employed
ROE--Return on equity
ROFR--Right of first refusal
ROG--Receipt of goods
ROGFA--Return on gross fixed assets
ROI--Return on investment
ROIC--Return on invested capital
RONA--Return on net assets
ROS--Return on sales
ROW--Right of way
RP--Repurchase agreement
RPO--Recruitment process outsourcing
RR--Revenue ruling
RRM--Renegotiated-rate mortgage
RSF--Rentalable square feet
RSI--Relative strength indicator
RTN--Routing transit number

S&P--Standard & Poors
SAM--Shared appreciation mortgage
SAR--Summary annual report
SAR--Stock appreciation right
SAR--Suspicious Activity Report
SARSEP--Salary reduction simplified employee pension plan
SAS--Statement on Auditing Standards
SBA--Small Business Administration
SBIR--Small Business Innovation and Research (program)
SBLC--Small Business Legislative Council
SBLI--Savings bank life insurance
SBRB--Small Business Research Board
SCIN--Self-canceling installment note
SCM--Supply chain management
SCORE--Service Corps of Retired Executives
SD--Standard deviation
SDA--Self-directed brokerage account
SDR--Special drawing rights
SEC--Securities and Exchange Commission
SECA--Self-Employment Contributions Act
SEM--Shared-equity mortgage
SEM--Search engine marketing
SEO--Search engine optimization
SEP--Simplified employee pension
SEPA--Single Euro Payments Area
SERP--Supplemental executive retirement plan
SG&A--Selling, general, and administrative expenses
SIC--Standard industrial clssification
SIFMA--Securities Industry and Financial Markets Association
SIPC--Securities Investor Protection Corporation
SITW--State income tax withholding (sometimes SIT)
SIV--Structured Investment Vehicle
SJ--Sales journal
SKU--Stock keeping unit
SLOB--Separate line of business
SMA--Separately managed account
SMA--Simple moving average
SMI--Supplemental medical insurance
SMLLC--Single member limited liability company
SMSA--Standard metropolitan statistical area
SMP--Special multiperil policy
SMSA--Standard metropolitan statistical area
SNF--Skilled nursing facility
SOA--Service-oriented architecture
SPAC--Special-purpose acquisition company
SPD--Summary plan description
SPE--Special purpose entity
SS--Safety stock
SSA--Social Security Administration
SSBIC--Specialized small business investment company
SSD--Solid-state drive
SSDI--Social Security disability insurance
SSI--Supplemental security income
SSNVS--Social Security Number Verification System
SSOP--Second surgical opinion program
SST--Streamline Sales and Use Tax Agreement
SSTP--Streamlined Sales Tax Project
SSUTA--Streamlined Sales and Use Tax Agreement
SSVS--Standards for Valuation Services
ST--Short term
STCG--Short-term capital gain
STD--Short-term disability
STOLI--Stranger-originated or stranger-owner life insurance
SUB--Supplemental unemployment benefit
SUTA--State unemployment tax act
SWA--State Workforce Agencies
SWT--State witholding tax
SYD--Sum-of-the-years-digits

T&E--Travel and entertainment
TAA--Trade Adjustment Act
TAB--Tax anticipation bill
TAM--Technical advice memorandum
TAN--Tax anticipation note
T/B--Trial balance (also TB)
TCO--Total cost of ownership
TDA--Tax deferred annuity
TDB--Temporary disability benefits
TDC--Total direct compensation
TDI--Temporary disability insurance
TIC--Tenant in common
TIF--Tax increment financing
TIN--Taxpayer identification number
TIPS--Treasury Inflation-Indexed Securities (often called Treasury Inflation Protected Securities)
TPA--Technical Practice Aide (AICPA pronouncement)
TL--Truckload
TOD--Transfer on death
TOE--Time is of the essence
TPA--Third-party administrator
TPD--Third-party designee
TRO--Temporary restraining order
TSA--Tax-sheltered annuity
TSP--Thrift Savings Plan
TTM--Trailing twelve months
TVM--Time value of money

UB--Unsafe building

UBTI--Unrelated business taxable income
UC--Unemployment compensation
UCC--Uniform commercial code
UCR--Usual, customary, and reasonable
UDITPA--Uniform Division of Income for Tax Purposes Act
UGMA--Uniform Gifts to Minors Act
UI--Unemployment insurance
UL--Universal life
URLA--Uniform residential loan application
USCIS--U.S. Citizenship and Immigration Service
USD--U.S. dollars
USF--Usable square feet
USOA--Uniform system of accounts
USPTO--U.S. Patent and Trademark Office
USRPI--U.S. real property interest
UTC--Uniform Trust Code
UTD--Under trust dated

VA--Variable annuity
VAT--Value-added tax
VC--Venture capital
VEBA--Voluntary employee's beneficiary association
VLI--Variable life insurance
VRM--Variable rate mortgage
VRP--Variable rate premium
VSOE--Vendor-specific objective evidence
VUL--Variable universal life

W&M--House Ways and Means Committee
WACC--Weighted average cost of capital
WI--Working interest
WIP--Work in process
WMS--Warehouse management systems
WPI--Wholesale price index
WT--Warrant

XBRL--eXtensible Business Reporting Language

YRT--Yearly renewable term
YSP--Yield-spread premium
YTD--Year-to-date
YTM--Yield to maturity

ZBB--Zero-based budgeting
ZEBRA--Zero-balance reimbursement account
 

Special IRS Abbreviations

 

A--Individual
AAA--Accumulated adjustments account
AAR--Administrative adjustment request
ACE--Adjusted current earnings
Acq.--Acquiescence
ACS--Automated collection sites
ACT--Advisory Committee on Tax Exempt and Government Entities
ACTC--Additional child tax credit
ADR--Average deferral ratio
ADS--Alternative depreciation system
AET--Asset/Equity table
AEIC--Advanced earned income credit
AFS--Applicable financial statement(s)
AGUB--Adjusted grossed-up basis
AIRC--Alternative incremental research credit
AMP--Accounts Management Program
AMTFTC--Alternative minimum tax foreign tax credit
ANPRM--Advance notice of proposed rule making
AO--Appeals Officer
AO--Account owner
AOD--Action on decision
APP--Actual preproductive period
APT--Advance payment transactions
ARI--Appeals referral investigator
ASFR--Automated Substitute for Return
ASG--Appeals settlement guidelines
ATA--Abusive tax avoidance
ATAA--Alternative trade adjustment assistance
ATAT--Abusive tax avoidance transaction
ATB--Active trade or business
ATIN--Adoption taxpayer identification number
ATIP--Attributed Tip Income Program
ATS--Acceptance Testing System
AUR--Automated Underreporter (Program)
AUSA--Assistant U.S. Attorney

B--Individual
BAH--Basic allowance for housing
BE--Beneficiary
BMF--Business master file
B.T.A.--Board of Tax Appeals
BWH--Backup withholding

CADE--Customer Account Data Engine
CAF--Centralized Authorization File
CAP--Closing agreement program
CAP--Compliance Assurance Process
CAP--Collection Appeals Program
C.B.--Cumulative Bulletin
CC--Chief Counsel
CCC--Customer contact center
CCDM--Chief Counsel Directive Manual
CCM--Completed contract method
CDE--Community Development Entities
CDFI--Community Development Financial Institution
CDP--Collection Due Process
CDPH--Collection Due Process Hearing
CERT--Corporate equity reduction transaction
CFC--Controlled foreign corporation
CFf--Collection Field function
CFR--Code of Federal Regulations
CI--City
CI--Criminal investigation
CID--Criminal Investigation Division
CIECos--Clean energy coal bonds
CIP--Coordinated issue paper
C.I.R.--Commissioner Internal Revenue
CIS--Collection information statement (Form 433-A)
CIT--Corporate income tax
CLADR--Class life asset depreciation range
CLAT--Charitable lead annuity trust
CNC--Currently not collectible
CNOL--Consolidated net operating loss
COBE--Continuity of business enterprise
COD--Cancellation of debt income
COI--Continuity of (proprietary) interest
COLI--Corporate owned life insurance
CONUS--Continental United States
CP--Common parent
CPM--Compliance and Program Management
CRD--Correspondence received date
CREB--Clean renewable energy bonds
CRP--Conservation reserve program
CRS--Congressional Research Service
CRSR--Congressional Research Service Report
CRT--Charitable remainder trust
CSA--Cost sharing arrangement
CSCO--Compliance Services Collection Operations
CSED--Collection statute expiration date
CST--Cost sharing transaction
CTC--Child tax credit
CTI--Combined taxable income
CTR--Currency transaction report
Ct.D.--Court Decision
CWA--Central Withholding Agreement
CY--County

D--Decedent
DA--Disclosure authorization
DAT--Distressed Asset Trust
DATC--Doubt as to collectibility
DATL--Doubt as to liability
DASTM--Dollar approximate separate transactions method
DB--Designated beneficiary
DC--Dummy corporation
DC--District Counsel of IRS
DCAP--Dependent care assistance program
DCL--Dual consolidated losses
DCN--Document confirmation number
DDLT--Demand during lead time
DDLT--Due date lead time
DE--Donee
Del. Order--Delegation order
DISC--Domestic International Sales Corporation
DIV--Dividend
DMF--Debtor master file
DOE--Date of enactment
DOI--Discharge of indebtedness income
DPAD--Domestic production activities deduction
DPGR--Domestic production gross receipts
DR--Donor
DRD--Dividends received deduction

E--Estate
EAG--Expanded affiliated group
EAR--Electronic account resolution
EAT--Exchange accommodation title holder
ECI--Effectively connected income
EDPA--Entire disposition of passive activity
EE--Employee
EECB--Energy efficient commercial building
EFDS--Electronic Fraud Detection System

EFTPS--Electronic Federal Tax Payment System
EIP--Electing investment partnership
EmTRAC--Employer-designed tip reporting alterative commitment
EMS--Electronic Management System
EO--Exempt organization
EP--Employee plans
EOR--Enhanced oil recovery
EPCM--Exempt contract percentage of completion method
EPCRS--Employee Plans Compliance Resolution System
E.O.--Executive Order
EOCA--Exempt Organizations Compliance Area
ER--Employer
ERD--Eligible rollover distribution
ERISA--Employee Retirement Income Security Act
ERO--Electronic return originator
ERS--Error resolution system
ESA--Education savings account (Coverdell)
ES&TG--Examination Specialization & Technical Guidance
ESPP--Employee stock purchase plan
ETA--Effective tax administration
ETAAC--Electronic Tax Administration Advisory Committee
ETI--Extraterritorial income
ETIP--Estate tax inclusion period
EWA--Extended warranty agreements
EX--Executor

F--Fiduciary
FAA--Field attorney advice
FAVR--Fixed and variable rate
FBAR--Foreign bank and financial accounts
FC--Foreign corporation
FCDC--Foreign controlled domestic corporation
FDAP--Fixed or determinable annual or periodic gains
FICA--Federal Insurance Contributions Act
FIRE--Filing information returns electronically
FIS--Foreign information system
FISC--Foreign International Sales Company
FLC--Farm labor contractor
FLEP--Forest Land Enhancement Program
FO--Field operations
FOIA--Freedom of Information Act
FPAA--Final partnership administrative adjustment
FPH--Foreign personal holding company (also FPHC)
FPHCI--Foreign personal holding company income
FPLP--Federal Payment Levy Program
F.R.--Federal Register
FS--Fact sheet
FSA--Field service advice memoranda
FSC--Foreign Sales Corporation
FTD--Federal tax deposit
FTD--Failure to deposit (penalty)
FTP--Federal tax payment
FTS--Fast Track Settlement
FUTA--Federal Unemployment Tax Act
FV--Field visit
FX--Foreign Corporation

G.C.M.--Chief Counsel's Memorandum
GDS--General depreciation system
GE--Grantee
G&G--Geological and geophysical expenditures
GITCA--Gaming Industry Tip Compliance Agreement Program
GOZ--Gulf Opportunity Zone (also GO zone)
GP--General Partner
GR--Grantor
GRA--Gain recognition agreement
GSTT--Generation skipping transfer tax

HAR--Historic absorption ratio
HCE--Highly compensated employee
HCTC--Health coverage tax credit
HDHP--High-deductible health plan
HINF--High-income nonfiler
HOH--Head of household
HRA--Health reimbursement account
HSA--Health Savings Account
HTF--Highway Trust Fund

IC--Insurance Company
ICD--Interface Control Document
ICD--Intercompany dividends
IDC--Intangbile drilling costs
IDIT--Intentionally defective irrevocable trust
IDR--Information Document Request
IET--Income/Expense table
IIF--Industry issue focus
IIR--Industry Issue Resolution program
IMF--Individual master file
IMRS--Issue Management Resolution System
IMT--Issue management team
INT--Interest
IPIC--Inventory price index computation
I.R.B.--Internal Revenue Bulletin (also IRB)
IRC--Internal Revenue Code
IRMF--Individual return master file
IRPAC--Information Reporting Program Advisory Committee
IRSAC--Internal Revenue Service Advisory Council
IRSN--Internal Revenue Service number
IRM--Internal Revenue Manual
IST--Issue specialization team
ITIN--Individual Taxpayer Identification Number
IVES--Income Verification Express Service

JCT--Joint Committe on Taxation
JITSIC--Joint International Tax Shelter Information Centre

LCU--Large corporate underpayment
LDC--Lead Development Center
LE--Lessee
LIFE--Limited Issue Focused Examination
LIH--Low income housing (credit)
LITC--Low Income Taxpayer Clinic
LKE--Like-kind exchange
LMSB--Large and mid-size business
LP--Limited Partner
LR--Lessor
LRMS--Lease residual management strategy
LTR--Letter ruling (also LR)
LUST--Leaking underground storage tank

M--Minor
MAGI--Modified adjusted gross income
MAP--Mutual Agreement Procedure
M&E--Meal and entertainment
M&IE--Meals and incidental expenses
M&P--master and prototype
MDIB--Minimum distribution incidental benefit
MCC--Merchant category code
MCC--Mortgage credit certificate
MEC--Minimum employer contribution
MeF--Modernized e-file
MEF--Modified energy factor
MFJ--Married, filing joint
MFS--Married, filing separate
MLI--Multilingual Initiative
MMREF--Magnetic Media Reporting and Electronic Filing
MOU--Memorandum of understanding
MPGE--manufactured, produced, grown, or extracted
MRD--Minimum required distribution
MSA--Medical Savings Account
MSB--Money service business
MSSP--Market Segment Specialization Program
MSU--Market Segment Understandings
MTCNOL--Minimum tax credit net operating loss
MTCNOLD--Minimum tax credit net operating loss deduction
MTFTCE--Minimum tax foreign tax credit on exclusion items
MTR--Marginal tax rate

NAE--Nonaccrual experience
NBAP--Notice of beginning of administrative proceeding
NESE--Net earnings from self employment
NFTL--Notice of federal tax lien
NICRUT--Net income charitable remainder unitrust
NIL--Notice of intent to levy
NIMCRUT--Net income makeup charitable remainder unitrust
NMC--New Markets credit
NMTC--New Markets Tax Credit
NMWHFIT--Non-mortgage widely held fixed investment trusts
NNFTL--Nominee notice of federal tax lien
Nonacq.--Nonacquiescence
NOT--Nondebt open transaction
NPC--Notional principal contract
NPL--National Public Liaison
NQDC--Nonqualified deferred compensation
NRE--Net realizable equity
NRP--National Research Project
NUBIG--Net unrealized built-in gain
NYLZ--New York Liberty Zone

O--Organization
OAA--Other adjustments account
OCONUS--Outside the continental United States
ODAE--Other directly allocable expenses
ODC--Oral disclosure consent
OE--Offer examiner
OS--Offer specialist
OFL--Overall foreign loss
OI--Operating income
OIAE--Other indirectly allocable expenses
OIC--Offer-in-compromise
OIC-DATL--Offer-in-compromise-doubt as to liability
OPA--Online payment agreement
OPR--Office of Professional Responsibility
OTIA--Oral tax information authorization
OVCI--Offshore Voluntary Compliance Initiative

P--Parent Corporation
PAL--Passive activity loss
PALS--Property and asset liquidation specialist
PCA--Private collection agency
PCCM--Percentage of completion capitalized cost method
PCM--Percentage of completion method
PCT--Preliminary or contemporaneous transactions
PDA--Private debt collector
PDS--Private delivery service
PE--Process examiner
PE--Permanent establishment
PEP--Personal exemption phaseout
PFA--Pre-filing agreement
PFIC--Passive foreign investment company
PHC--Personal Holding Company
PIF--Pooled income fund
PIG--Passive income generator
PIT--Personal income tax
P.L.--Public Law
PLET--Personal liability for excise tax
PLR--Private letter ruling
PO--Posession of the U.S.
PPIA--Partial payment installment option
PPS--Practitioner Priority Service
PR--Partner
PRO--Problem solving officer
PRP--Problem resolution program
PRS--Partnership
PTE--Prohibited Transaction Exemption
PTE--Pass-through entity
PTI--Previously taxed income
PTIN--Preparer tax identification number
PTTP--Post-termination transition period
Pub. L.--Public Law
PYA--Prior year amount

QAE--Qualified adoption expenses
QAFMV--Qualified alternative fuel motor vehicle
QALICB--Qualified active low-income business
QBU--Qualified business unit
QCD--Qualified chartiable distribution
QCSA--Qualified cost-sharing arrangement
QDOT--Qualified domestic trust
QEAA-Qualified exchange accomodation arrangement
QEE--Qualified education expenses
QEF--Qualified electing fund
QETP--Questionable employment tax practices
QEV--Qualifed electric vehicle
QFOBI--Qualified family-owned business interests
QHEE--Qualified higher education expenses
QI--Qualified intermediary
QIO--Qualified indicia of ownership
QJSA--Qualified joint and survivor annuity
QLICI--Qualified low-income community investment
QLIP--Qualified leasehold improvement property
QMAC--Qualifed matching contribution
QMB--Qualified mortgage bond
QMDM--Quantitative marketability discount model
QNEC--Qualified nonelective contributions
OPA--Online payment agreement
QPAI--Qualified production activity income
QPCA--Qualified payment card agent
QPP--Qualifying production property
QPRT--Qualified personal residence trust
QPSA--Qualified preretirement survivor annuity
QPSC--Qualified personal services corporation
QRE--Qualified research expenses
QRP--Qualified restaurant property
QRP--Qualified replacement property
QRP--Questionable refund program
QSB--Qualified small business stock (also QSBS)
QSF--Qualified settlement fund
QSI--Qualified stated interest
QSLOB--Qualified separate line of business
QSV--Quick sale value
OTA--Office of Tax Analysis
QTP--Qualified tuition plan (program)
QZAB--Qualifed zone academy bond

RA--Reporting agent
RAB--Reasonably anticipated benefits
RAL--Refund anticipation loan
RAS--Office of Research, Analysis, and Statistics of Income
RBD--Required beginning date
RBIG--Recognized built-in gain
RBIL--Recognized built-in loss
RCP--Reasonable collection potential
RCRA--Research credit recordkeeping agreement
Reg.--Regulation
REIT--Real Estate Investment Trust
REP--Remote examination process
Rev. Proc.--Revenue Procedure
Rev. Rul.--Revenue Ruling
RI--Royalty income
RMD--Required minimum distribution
RO--Revenue officer
RPD--Return processible date
RPS--Revenue protection strategy

S--Subsidiary
SAC--Special agent in charge
SAG--Separate affiliated group
SAR--Suspicious activity report
SB/SE--Small Business/Self-Employed Division
SCBM--Simplified cost based method
SCCB--Service Center Collection Branch
SCIN--Self-canceling installment note
SCM--Services cost method
SCP--Self-correction program
SDA--Special depreciation allowance
SE--Self-employment
Sec.--Section
SFR--Substitute for return
SIFL--Standard Industry Fare Level
SILO--Sale-In, Lease-Out
SIP--Single identifiable property
SMEC--Specified minimum employer contribution
SMLLC--Single member limited liability company
SO--Settlement officer
SOI--Statistics of Income
SOL--Statute of limitations
SS--Surviving spouse
SSA--Social Security Administration
SSA--Shared services arrangement
SSCM--Simplified service cost method
SSN--Social Security number
SSNVS--Social Security Number Verification System
SPF--Special procedures function
SPOC--Single point of contact
S.P.R.--Statements of Procedural Rules
SRLY--Separate return limitation year
Stat.--Statutes at Large

T--Target Corporation
TAA--Trade adjustment assistance
TANF--Temporary Assistance for Needy Families
TAP--Taxpayer Advocacy Panel
TAS--Taxpayer Advocate Service
TBR--Office of Taxpayer Burden Reduction
T.C.--Tax Court
TCE--Tax Counseling for the Elderly Program
TCO--Tax compliance officer
T.D.--Treasury Decision
TDA--Taxpayer delinquency account
TDI--Taxpayer delinquency investigation
TDS--Transcript Delivery System
TE--Tax exempt, tax exempt organization
TEB--Tax exempt bond
TEAM--Technical Expedited Advice Memoranda
TEP--Taxpayer examination program
TEPA--Tipped employee participation agreement
TETR--Telephone excise tax refund
TFE--Transferee
TFR--Transferor
TFRP--Trust fund recovery penalty
TGR--Total gross receipts
TI--Taxable income
TIA--Tax information authorization; also tax implementation agreement
TIGTA--Treasury Inspector General for Tax Administration
T.I.R.--Technical Information Release
TLB--Tax Litigation Bulletin
TMP--Tax matters partner
TMT--Tentative minimum tax
TOP--Treasury Offset Program
TP--Taxpayer
TPD--Third party designee
TPI--Total positive income
TPNC--Taxpayer Notice Code
TR--Trust
TRAC--Tip reporting alternative agreement
TRAC--Terminal rental adjustment clause
TRDA--Tip rate determination agreement
TRD/EP--Tip Rate Determination/Education Program
TRIS--Taxpayer rights impact statement
TRP--Tax reporting partner
TT--Trustee
TTB--Alcohol and Tobacco Tax and Trade Bureau (Treasury)
TYE--Taxable year ended

U.S.C.--United States Code
UBIT--Unrelated business income tax
UIL--Uniform issues list
UPE--Unreimbursed partnership expenses

VS--Volume submitter

W/H--Withholding
W&I--Wage and Investment Division
WHFIT--Widely held fixed investment trust
WHMT--Widely held mortgage trust
WOTC--Work Opportunity Tax Credit
WP--Withholding foreign partnership agreement
WT--Withholding foreign trust agreement

X--Corporation

Y--Corporation

 

Selected Significant Tax Legislation

 

TIPA--Tax Increase Prevention Act of 2007 (P.L. 110-166)
TRHCA--Tax Relief and Health Care Act of 2006 (P.L. 109-432)
SBWOTA--Small Business and Work Opportunity Tax Act of 2007 (P.L. 110-28)
TRHAC--Tax Relief and Health Care Act of 2006 (P.L. 109-432)
PPA--Pension Protection Act of 2006
TIPRA--Tax Increase Prevention and Reconciliation Act of 2005
KETRA--Katrina Emergency Tax Relief Act of 2005
GOZA--Gulf Opportunity Zone Act of 2005
BAPCPA--Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
AJCA--American Jobs Creation Act of 2004 (also JCA) (P.L. 108-357)
WFTRA--Working Families Tax Relief Act of 2004 (P.L. 108-311)
CRTRA--Community Renewal Tax Relief Act of 2000
JGTRRA--Jobs and Growth Tax Relief Reconciliation Act of 2003 (P.L. 108-27)
MFTRA--Military Family Tax Relief Act of 2003
JCWAA--Job Creation and Worker Assistance Act of 2002 (also JCWA) (P.L. 107-147)
EGTRRA--Economic Growth and Tax Relief Reconciliation Act of 2001
RRA--Restructing and Reform Act of 1998
PRWORA--Personal Responsibility Work Opportunity Reconciliation Act of 1996
SBJPA--Small Business Job Protection Act of 1996
HIPAA--Health Insurance Portability and Accountability Act of 1996
TBOR--Taxpayer Bill of Rights Act
SSDERA--Social Security Domestic Employment Act of 1994
USERRA--Uniformed Services Employment and Reemployment Rights Act of 1994
VBIA--Veterans Benefits Improvement Act of 1994
OBRA--Omnibus Budget Reconciliation Bill of 1993
TAMRA--Technical and Miscellaneous Revenue Act of 1988
DEFRA--Deficit Reduction Act of 1984 (P.L. 98-369)
ERTA--Economic Recovery Tax Act of 1981
FIRPTA--Foreign Investment in Real Property Tax Act of 1980
PRA--Paperwork Reduction Act
FDCPA--Fair Debt Collection Practices Act
CERCLA--Comprehensive Environmental Response, Compensation and Liability Act of 1980
APA--Administrative Procedure Act
FTCA--Federal Tort Claims Act
RFPA--Right to Financial Privacy Act

 

--Last update 04/02/08