2003 Workbook
Acronym Glossary
AAA
accumulated adjustment account
EIN
employment identification number
ADL
activities of daily living
EITC
earned income tax credit
AEP
accumulated earnings and profit
EMS
electronic management system
AGI
adjusted gross income
EPCM
AICPA
American Institute of Certified
Public Acountants
exempt-contract percentage of completion
method
EPCRS
employee plans compliance resolution
system
AMT
alternative minimum tax
AMTI
alternative minimum taxable income
EQIP
environmental quality incentive program
ASPC
Andover Submission Processing Center
ERO
electronic return originators
ATG
audit technique guides
ESOP
employee stock option plan
AUDITCAP
audit closing agreement program
ETIN
electronic transmitter identification number
AUSPC
Austin Submission Processing Center
EWPP
emergency watershed protection program
CCC
commodity credit corporation
FET
federal estate tax(es)
CCM
completed contract method
FICA
Federal Insurance Contribution Act
CDE
community development entity
FLEP
forest land enhancement program
CLAT
charitable lead annuity trust
FLP
family limited partnership
CLT
charitable lead trust
FMV
fair market value
CLUT
charitable lead unitrust
FSA
flexible spending arrangement
CPE
continuing professional education
FTC
Federal Trade Commission
CRAT
charitable remainder annuity trust
FUTA
Federal Unemployment Tax Act
CREP
conservation reserve enhancement
program
GPOA
general power of appointment
GRAT
grantor retained annuity trust
CRP
conservation reserve program
GRP
grassland reserve program
CRT
charitable remainder trust
GRUT
grantor retained initrust
CRUT
charitable remainder unitrust
GVWR
gross vehicle weight rating
CSP
conservation security program
HIPAA
DBA
doing business as
Health Insurance Portability and
Accountability Act
ECP
emergency conservation program
IDGT
intentionally defective grantor trust
EFTPS
electronic federal tax payment system
I-EIN
Internet employment identificaiton number
EGTRRA
Economic Growth and Tax Relief
Reconciliation Act
IIR
industry issue resolution
ILIT
irrevocable life insurance trust
earned income credit
IR
immediate relative (visa)
EIC
Index
687
Copyrighted by the Board of Trustees of the University of Illinois.
This information was correct when originally published. It has not been updated for any subsequent law changes.
18
2003 Workbook
IRA
individual retirement account
POA
power of attorney
IRB
Internal Revenue Bulletin
PTI
previously taxed income
IRC
Internal Revenue Code
QPRT
qualified personal residence trust
IRD
income in respect of a decedent
QTIP
qualified terminable interest property
ISO
incentive stock option
RCWP
rural clean water program
ITC
investment tax credit
REIT
real estate investment trust
JCWA
Job Creation and Worker Assistance Act
REMIC
real estate mortgage investment conduits
JGTRRA
Jobs and Growth Tax Relief
Reconciliation Act
RIC
regulated investment company
RMD
required minimum distribution
RRTA
Railroad Retirement Tax Act
SB/SE
small business and self employed
SCP
self-correction program
SEP
simplified employee pension
SERP
supplemental executive retirement plan
SIC
standard industrial classification
SIMPLE
savings incentive match plan for employees
SIP
single identifiable property
SSA
Social Security Administration
SSI
supplemental security income
SWP
small watershed program
TAM
technical advice memoranda
TAS
taxpayer advocate service
TEC
taxpayer education and communication
TGR
total gross receipts
TPI
total positive income
TRAC
tip reporting alternative commitment
LDP
loan deficiency payment
LLC
limited liability companies
LMSB
large and mid-size business
LP
limited partnership
MACRS
modified accelerated cost recovery
system
MSA
medical savings account
MSPC
Memphis Submission Processing Center
MSSP
market segment specialization program
NAICS
North American industrial classification
system
NICRUT
net income only charitable remainder
unitrust
NIMCRUT
net income with makeup charitable
remainder unitrust
NRA
normal retirement age
NRP
National Research Program
OASDI
Old Age Survivor and Disability
Insurance
OID
original issue discount
TRDA
tip rate determination agreement
PC
professional corporation
UGMA
Uniform Gifts to Minors Act
PCCM
percentage of completion/capitalized
cost method
UTMA
Uniform Transfer to Minors Act
VA
Veteran Affairs
PCM
percentage of completion method
VCP
voluntary correction program
PCP
posted county price
WHIP
wildlife habitat incentives program
PIN
personal identification number
WRP
wetlands reserve program
688
Index
Copyrighted by the Board of Trustees of the University of Illinois.
This information was correct when originally published. It has not been updated for any subsequent law changes.