Acronyms and Abbreviations

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Do you have any acronyms? If you do, please select the edit tab at the top of this page and add them in the same format as the others that are here. Note that there is a second section for everyday terms, like LOL. Thank you!

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
ETA 
Effective Tax Administration
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
IRB 
Internal Revenue Bulletin
IRC 
Internal Revenue Code
IRD 
Income in Respect of a Decedent - IRD
IRM 
Internal Revenue Manual
LLC 
Limited Liability Company
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.

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