Acronyms and Abbreviations
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Tax & Accounting Acronyms
- AAA
- Accumulated Adjustment Account
- ACE
- Adjusted Current Earnings
- ACS
- Automated Collection System (IRS)
- AEP
- Accumulated Earnings and Profits
- AFR
- Applicable Federal Rate
- AGI
- Adjusted Gross Income
- AMT
- Alternative Minimum Tax
- AMTI
- Alternative Minimum Taxable Income
- APIC
- Additional Paid In Capital
- ASED
- Assessment Statute Expiration Date
- ASG
- Affiliated Service Group
- ATG
- Audit Technique Guide - Market Segment Specialization Program on TaxAlmanac links to the various guides
- BDA
- Beneficiary Designation Account (inherited IRA account)
- BFR; BFRT
- Bona Fide Resident Test
- BOY
- Beginning of Year
- C/B
- Carryback; e.g., NOL C/B
- C.B.
- Cumulative Bulletin - Issued by the IRS
- CCA
- Chief Counsel's Advice (IRS writing)
- C/F
- Carryforward; e.g., NOL C/F
- CFE
- Certified Fraud Examiner
- CGFM
- Certified Government Financial Manager
- CHC
- Closely Held Corporation
- CID
- Criminal Investigation Division
- CLAT
- Charitable Lead Annuity Trust
- CLUT
- Charitable Lead Unitrust
- COLI
- Cost Of Living Increase
- COLI
- Corporate-Owned Life Insurance policies;
- CPM
- Certified Public Manager
- CRAT
- Charitable Remainder Annuity Trust
- CRT
- Charitable Remainder Trust
- CRUT
- Charitable Remainder Unitrust
- CS
- Common Stock
- CSED
- Collection Statute Expiration Date
- DBA
- Doing Business As
- DISC
- Domestic International Sales Corporation
- DM
- Debit Memo
- DNI
- Distributable Net Income of a fiduciary 1041 income tax return
- DOD
- Date of Death
- DPAD
- Domestic Production Activities Deduction (IRC Sec. 199)
- DPGR
- Domestic Production Gross Receipts (IRC Sec. 199)
- E&O
- Errors & Omissions, as in E & O Insurance
- E&P
- Earnings & Profits
- EBE
- Employee Business Expenses
- EDD
- Employment Development Department (of a given state)
- EE
- Employee
- EGTRRA
- Economic Growth and Tax Relief Reconciliation Act of 2001
- EOY
- End of Year
- ER
- Employer
- ESB
- Eligible Small Business
- ESOP
- Employee Stock Ownership Plan
- FATP
- Federally Authorized Tax Practitioner (EA, CPA, Attorney, etc.)
- FLP
- Family Limited Partnership
- FMV
- Fair Market Value
- FPHCI
- Foreign Personal Holding Company Income
- FSA
- Field Service Advice (IRS writing)
- FSC
- Foreign Sales Corporation
- FTC
- Foreign Tax Credit
- FYE
- Fiscal Year End
- GAAP
- Generally Accepted Accounting Principles
- GCM
- General Counsel Memorandum (IRS writing)
- GST
- Generation Skipping Trust
- ILM
- Internal Legal Memorandum (IRS writing)
- IR
- Information Release - News_Releases on TaxAlmanac links to the various IRS sites for IRs and Fact Sheets
- LLP
- Limited Liability Partnership
- LUST
- Leaking Underground Storage Tank
- MLTN
- More Likely Than Not
- MMLLC
- Multi Member LLC
- MRD
- Minimum Required Distribution
- NCFB
- NonCash Fringe Benefit (per Paychex)
- NOL
- Net Operating Loss
- NPO
- Not for Profit Organization
- NUA
- Net Unrealized Appreciation
- OAA
- Other Adjustments Account
- OIC
- Offer in Compromise
- PAL
- Passive Activity Loss
- PBC
- Prepared By Client
- PHC
- Personal Holding Company
- PLR
- Private Letter Ruling
- PPT
- Physical Presence Test
- PSC
- Personal Service Corporation
- PTP
- Publicly Traded Partnership
- PUCC
- Personal Use Company Car (Paychex)
- QBU
- Qualified Business Unit (See Sect. 985 - Functional Currency)
- QDRO
- Qualified Domestric Relations Order
- QPAI
- Qualified Production Activity Income (IRC Sec. 199)
- QTDP
- Qualified Therapeutic Discovery Project
- RBD
- Required Beginning Date
- RMD
- Required Minimum Distribution
- ROFTL
- Record of Federal Tax Liability (not to be confused with ROTFL)
- SALY
- Same As Last Year
- SCA
- Service Center Advice
- SCIN
- Self-Cancelling Installment Note
- SFR
- Substitute For Return
- SLOB
- Separate Line Of Business
- SMLLC
- Single Member LLC
- SOL
- Statute of Limitations
- TAM
- Technical Advice Memoranda (IRS writing)
- TC
- Tax Court (i.e. United States Tax Court)
- TFRP
- Trust Fund Recovery Penalty
- TIC
- Tenants in Common
- TMT
- Tentative Minimum Tax
- TS
- Treasury Stock
- UBIT
- Unrelated Business Income Tax (generally related to a tax-exempt org's activities)
- UGMA
- Uniform Gift to Minors Act
- UPE
- Unreimbursed Partnership Expenses
- UPIA
- Uniform Principal and Income Act - used by trusts ; note that some states have adopted different versions, look yours up here
- UTMA
- Uniform Transfers to Minors Act
- ZBA
- Zero Balance Account (used by controlled corporations)
Other Internet Acronyms
- FYI
- For Your Information
- <G>
- Grin
- IANAL
- I am not a lawyer.
- IDEPOOTV
- I don't even play one on television.
- IMO
- In My Opinion
- IMHO
- In My Humble Opinion
- IOW
- In Other Words
- LOL
- Laughing out loud
- OP
- Original Poster - the person who originally asked the question
- PSL
- Personal Seat License (at football stadiums, etc.)
- ROFTL
- Record of Federal Tax Liability
- ROTFL
- Rolling on the Floor Laughing (Not to be confused with ROFTL)
- RTFQ
- Read the Full Question
- SMH
- Shaking my head
- SNAFU
- Situation Normal: All f√cked Up!
- SOL
- (Not Related to NOL), S*** Out of Luck
- STP
- [Screw The Pooch http://en.wiktionary.org/wiki/screw_the_pooch] f√ck Up
- <VBG>
- Very Big Grin
more: A broader list of common internet acronyms
Discussion Forum (and UserID) nicknames and acronyms
(Please limit this to nicknames/abbreviations that are actually used to refer to actual users on a common basis....)
- CK, Chrisk, and "mr. president" - User:Ckenefick
- DF, or Dave: User:DaveFogel
- D&T, or David - User:Death&Taxes
- Harry, or "Spell" - User:Spell Czech, but not User:SpellCzech
- IDYM - User:IDrinkYour Milkshake
- K5 - User:Kevinh5
- Lenny, or Len - User:Podolin
- Riley - User:Riley2, User:R2, and a few others who were/are a bit more low-key
- Snork, or "the snork" - User:Nightsnorkeler
- Tim, the Intuit moderator - User:Tdoyle
- Trill (or sometimes ~T, after an edit to fix a copyright or advertising violation) - User:Trillium
The examples shown above are simply the ones that came to mind first, mainly because CK listed them for us in a recent post. Apologies in advance to those who should have had their nicknames listed in the "first" group.