Category: General Questions
Acronyms Commonly Used for Tax Purposes
Tax terms and acronyms can sometimes be confusing. Here is a simplified list of many terms you may have heard and wondered about.
AGI- Adjusted Gross Income
ATIN- Adoption Taxpayer Identification Number
DCN- Declaration Control Number – a number assigned to an electronic filing of a return (replaced by the Submission ID number for most returns as of the Tax Year 2011).
EFIN- Electronic Filing Identification Number
ETIN- Electronic Transmitter Identification Number
EIC- Earned Income Credit
EIN- Employer’s Identification Number
ERO- Electronic Return Originator
FICA- Federal Insurance Contributions Act
FIT- Federal Income Tax Withholding
ITIN- Individual Taxpayer Identification Number (used for alien status)
IRA- Individual Retirement Account
IRS- Internal Revenue Service
LES- Leave and Earning Statement (Military Pay Stub)
MACRS- Modified Accelerated Cost Recovery System (for depreciating items)
MAGI- Modified Adjusted Gross Income
MEF- Modernized e-Filing
MFJ- Married Filing Joint
MSA- Medical Savings Account
PDF- Portable Document File
PIN- Personal Identification Number
SEP- Simplified Employee Pension
SIMPLE- Savings Incentive Match Plans for Employees
SSN- Social Security Number
VITA- Volunteer Income Tax Assistance