Business Abbreviations
90DSAC--90 days, same as cashA&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
ABCP--Asset backed commercial paper
ABL--Asset-based lending (also, asset-based loan)
ABO--Accumulated benefit obligations
ABP--Average benefit percentage
ABS--Asset based securitization (also asset based securities)
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
ADB--Asian Development Bank
ADC--Acquisition, development and construction
ADEA--Age Discrimination in Employment Act
ADI--After date of invoice
ADJ--Adjust or adjustment
ADP--Average deferral percent
ADP--Actual deferral percentage
ADP--Applicable distribution period
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
AFB--American Farm Bureau
AFC--Average fixed costs
AFP--Association for Financial Professionals
AFDA--Allowance for doubtful accounts
AFDC--Aid to Families with Dependent Children
AFE--Average funds employed
AFN--Additional funds needed
AFN--Annual funding notice
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
AIMS--Advertising and integrated marketing solutions
AIR--Assumed investment rate
AJE--Adjusting journal entry (also A/J/E)
ALJ--Administrative law judge
ALV--Average lease value (cars)
AMA--American Management Association
AMC--Appraisal management companies
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
A.O.B.--Any other business (also a.o.b.)
AON--All or none order
AOQL--Average outgoing quality level
AOV--Average order value
A/P--Accounts payable (also AP)
APB--Accounting Principles Board
APIC--Additional paid-in capital
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
ARO--After receipt of order
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
ASF--American Securitization Forum
ASP--Application service provider
ASPPA--American Society of Pension Professionals & Actuaries
ASR--Accelerated stock repurchase
ATA--Accredited Tax Advisor
ATB--Adjusted trial balance
ATCF--After tax cash flow
ATF--As trustee for
ATO--Asset turnover
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
BAB--Build America Bonds
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
BET--Business entity tax
BFP--Bona fide purchaser
BHC--Bank holding company
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
BOMA--Building Owners and Managers Association International
BOP--Businessowner's policy
BOV--Broker's opinion of value
BOY--Beginning of year
BPD--Bureau of the Public Debt
BPD--Barrels per day
BPM--Business process management
BPM--Business performance management
BPML--Business process modeling language
BPO--Bargain purchase option
BPO--Business process optimization
BPO--Broker price opinion
BRC--Business reply card
BRE--Business reply envelope
BRICS--Brazil, Russia, India, China, and South Africa
BS--Balance sheet
BSA--Bank Secrecy Act
BSM--Black-Scholes-Merton
BTCF--Before tax cash flow
BV--Book value (also B/V)
C&D--Cease and desist
C&F--Cost and freight
C&I--Commercial and industrial
CA--Confidentiality agreement
CAD--Cash available for distribution
CAD--Computer aided design
CADR--Cash available for distribution before debt reduction
CAE--Computer aided engineering
CAGR--Compound annual growth rate
CAM--Common area maintenance
CAM--Computer aided manufacturing
CAFR--Comprehensive Annual Financial Report
CAMPS--Cumulative auction market preferred stock
CAO--Chief accounting officer
Capex--Capital expenditures
CAPP--Cash account pension plan
CAPM--Capital asset pricing model
CAPS--Convertible adjustable preferred stock
CARDS--Custom Adjustable Rate Debt Structure
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
C-CPI--Chained Consumer Price Index
C-CPI-UChained Consumer Price Index for All Urban Consumers
CCC--Commodity Credit Corporation
CCM--Completed contract method
CCP--Collateralized commercial paper
CCPA--Consumer Credit Protection Act
CCR--Central Contracting Registry
CD--Certificate of deposit
CDARS--Certificate of Account Registry Service
CDFI--Community Development Financial Institutions
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
CGA--Charitable gift annuity
CGL--Comprehensive general liability (insurance)
CGMA--Chartered Global Management Accountant
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
CIFR--Committee on Improvements to Financial Reporting
CIK--Central index keys
CIMA--Chartered Institute of Management Accountants
CIMC--Certified investment management consultant
CIP--Carriage and insurance paid
CISSP--Certified Information Systems Security Professional
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
CMS--Content management system
CMSA--Consolidated metropolitan statistical area
CMT--Constant maturity Treasury securities
CNC--Currently not collectible
COB--Close of business
COCA--Cost of capital allowance
COD--Cash on delivery
COD--Cancellation of debt (income)
CODI--Cancellation of debt income
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
CORTS--Corporate-backed trust securities
COS--Cost of sales
COSO--Committee of Sponsoring Organizations
COST--Council on State Taxation
CP--Commercial paper
CPA--Certified public accountant
CPCU--Chartered property and casualty underwriter
CPDO--Constant proportion debt obligation
CPFFC--Cost-plus-fixed-fee contract
CPI--Consumer price index
CPI-U--Consumer Price Index for All Urban Consumers
CPI-W--Consumer Price Index for Urban Wage Earners and Clerical Workers
CPK--Cost per keyword
CPM--Cost per thousand (sometimes customer profitability management)
CPM--Corporate performance management
CPM--Critical Path Method
CPM--Cost per mile
CPO--Cost per order
CPP--Capital purchase program
CPSC--Consumer Products Safety Commission
CR--Continuing resolution
CRA--Credit rating agency
CRAT--Charitable Remainder Annuity Trust
CRFB--Committe for Responsible Federal Budget
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
CSA--Capital support agreement
CSI--Commissioners Standard Industrial Mortality Table
CSO--Commissioners Standard Ordinary Mortality Table
CSPN--College Savings Plan Network
CSR--Customer service representative
CSR--Corporate social responsibilty
CSRS--Civil Service Retirement System
CSV--Cash surrender value
CSVLI--Cash surrender value life insurance
CTFA--Certified trust & financial advisor
CTJ--Citizens for Tax Justice
C-TPAT--Customs-Trade Industry Against Terrorism
CTR--Currency transaction report
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
DBT--Days beyond terms
DC--Defined contribution plan
DC--Deep discount issue
DCAP--Dependent care assistance plan
DCF--Discounted cash flow
DCP--Defined contribution plan
DCR--Debt coverage ratio
DDB--Double declining balance
DDB--Deemed death benefit
DDSN--Demand-driven supply networks
DDU--Destination Delivery Units
DEC--Deductible voluntary employee contributions
Depr.--Depreciation
DFAS--Defense Financial Accounting Service
DFI--Derivative financial instrument
DFL--Degree of financial leverage
DI--Disability insurance
DI--Debt instrument
DI--Derivative instrument
DIC--Document identifier code
DIO--Days inventory outstanding
DIP--Debtor-in-possession
DIT--Deposit(s) in transit
D/L--Demand loan
DM--Direct mail
DMA--Designated Market Area
DMAIC--Define, measure, analyze, improve, control
DNAMTI--Distributable net alternative minimum taxable income
D/N--Demand note
D/O--Delivery order
DOC--Drive other car insurance
DOC--U.S. Department of Commerce
DOE--U.S. Department of Energy
DOJ--Department of Justice
DOL--Department of Labor
DOL--Degree of operating leverage
DOM--Distributed order management
DOT--Department of Transportation
DPGA--Deferred payment gift annuity
DPO--Days payables outstanding
DPP--Deferred payment plan; direct participation program
DPSP--Deferred profit-sharing plan
Dr.--Debit, also debtor, drawer
DR--Direct response (advertising)
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
DSA--Disaster Debt Set-Aside Program
DSO--Days sales outstanding
DTA--Deferred tax assets
DTCC--Depository Trust & Clearing Corp.
DTL--Deferred tax liability
DUA--Disaster Unemployment Assistance
DUNS--Data Universal Numbering System
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
EAT--Exchange accommodation titleholder
Ebita--Earnings before interest taxes depreciation amortization
EBO--Equity buy out
EBP--Employee benefits plan
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
ECM--Enterprise content management
ECN--Electronic communications network
ECOA--E-mail change of address
ECP--Emergency Conservation Program
EDA--Economic Development Administration
EDGAR--Electronic Data Gathering, Analysis, and Retrieval (system)
EDI--Electronic data interchange
EECB--Executive e-mail carpet bomb
EEOC--Equal Employment Opportunity Commission
EFAST--ERISA Filing Acceptance System (also EFAST2)
EFT--Electronic funds transfer
EFW--Electronic funds withdrawal
EGI--Effective gross income
EGM--Extraordinary general meeting
EHLP--Emergency Homeowners Loan Program
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
ELP--Electing large partnership
EM--Emergency Loan Program
EMA--Expense management automation
EMA--Exponential moving average
EMIF--Emerging Issues Task Force
EO--Executive Order
EOE--Equal opportunity employer
EOLI--Employer owned life insurance
EOM--End of month
EOQ--Economic order quantity
EOY--End of year
EP--Earned premium
EPCM--Exempt-contract, percentage-of-completion method
EPLI--Employee 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
ERP--Estimated retail price
ERS--Economic Research Service
ERV--Estimated rental value
ESA--Coverdell education savings account
ESI--Electronically stored information
ESO--Employee stock option
ESOP--Employee stock ownership plan
ESOT--Employee stock ownership trust
ETA--Department of Labor's Employment and Training Administration
ETF--Exchange traded fund
ETN--Exchange traded note
ETR--Effective tax rate
EURIBOR--Euro Interbank Offered Rates
EV--Enterprise value
FABS--Financial and business solutions
FAR--Floor area ratio
FAR--Federal Acquisition Regulation
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
F&C--Free and clear
FCA--Farm Credit Administration
FCF--Free cash flow
FCFE--Free cash flow to equity
FCIC--Financial Crisis Inquiry Commission
FDCPA--Fair Debt Collection Practices Act
FDIC--Federal Deposit Insurance Corporation
FEI--Financial Executives Institute
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
FISMA--Federal Information Security Management Act
FIT--Financial institutions tax
FITW--Federal income tax withholding (sometimes FIT)
f/k/a--Formally known as
FLP--Family Limited Partnership
FLRAFederal Labor Relations Authority
FLSA--Fair Labor Standards Act
FMC--Federal Maritime Commission
FMCS--Federal Mediation and Conciliation Service
FMHA--Farmer's Home Administration
FMLA--Family and Medical Leave Act
FMOC--Federal Open Market Committee
FMR--Fair market rent
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
FOF--Fund of fund
FOIA--Freedome of Information Act
FOK--Fill-or-kill order
FOMC--Federal Open Market Committee
FPL--Federal Poverty Level (also Line)
FPM--Flexible payment mortgage
FR--Federal register
FRA--Full retirement age
FRB--Federal Reserve Board
FRN--Floating rate notes
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
FSR--Financial strength rating
FTC--Federal Trade Commission
FTE--Full time employee
FUTA--Federal Unemployment Tax Act
FVO--Fair value option
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
GCT--General corporation tax
GEM--Growing equity mortgage
GFE--Good faith estimate
GIC--Guaranteed investment contract
GIM--Gross income multiplier
GLA--Gross leaseable area
GMIB--Guaranteed minimum income benefit
GMP--Guaranteed maximum price
GMWB--Guaranteed minimum withdrawal benefit
GNMA--Government National Mortgage Association
GNP--Gross National Product
GOI--Gross operating income
GPI--Gross potential income
GPM--Graduated payment mortgage
GPO--Guaranteed purchase option; Government Printing Office
GRAT--Grantor retained annuity trust
GRC--Goverance, risk and compliance
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
GWAC--Government Wide Acquisition Contract
HARP--Home Affordable Refinance Program
HC--Human capital
HCE--Highly compensated employee
HECM--Home Equity Conversion Mortgage
HELOC--Home equity line of credit
HFA--Housing Finance Agency
HHS--Health and Human Services Department
HIBOR--Hong Kong Interbank Offered Rate
HMO--Health maintenance organization
HOW--Homeowner warranty plan
HQS--Housing Quality Standards
HR--Human resources
HRA--Health reimbursement arrangement
HRC--Historic rehabilitation credit
HUD--Department of Housing and Urban Development
HVAC--Heating, ventilation, and air conditioning
HVCC--Home Valuation Code of Conduct
IAF--Inflation adjustment factor
IASB--International Accounting Standards Board
IATA--International Air Transport Association
IBAN--International Bank Account Number
IBDOEI--Income before discontinued operations and extraordinary items
IBNR--Incurred but not reported
IBR--Income-based repayment
ICE--Internal control evaluation
ICQ--Internal control questionnaire
ICM--Incentive compensation management
IDA--Industrial development authority (also agency)
IDB--Industrial development bond
IDIQ--Indefinite delivery indefinite quantity
IDIT--Intentionally defective irrevocable trust
IDR--Issuer default rating
IDS--Income deposit securities
IFRIC--International Financial Reporting Interpretations Committee
IFRS--International Financial Reporting Standard
IIA--Institute of Internal Auditors
ILC--Industrial loan company
ILIT--Irrevocable life insurance trust
IMF--International Monetary Fund
IOLTA--Interest on lawyer's trust account
IP--Intellectual property
IPO--Initial public offering
IQPA--Independent qualified public accountant
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 for Supply Management
ISO--Incentive stock option
ISO--Independent sales organization
ISO/MSP--Independent sales organization/Member service provider
ITEP--Institute on Taxation and Economic Policy
ITF--In trust for
ITS--Intermarket trading system
ITSM--Information technology service management
IVR--Interactive voice responseJ/E--Journal entry (also JE)
JEC--Joint Economic Committee
JCT--Joint Committee on Taxation
JOLTS--Job Openings & Labor Turnover Survey (also JOLT)
k/a--Known as
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
LLET--Limited liability entity tax
LLP--Limited liability partnership
LLLP--Limited liability limited partnership
LLIC--Limited liability investment company
LLTC--Limited liability trust company
LM--Last month (also L/M)
LMRA--Labor Management Relations Act
LOB--Line of balance
LOC--Library of Congress
LOC--Line of credit
LOI--Letter of intent
LPA--Licensed Public Accountant
LSE--London Stock Exchange
LT--Long term
LT--Lead time
LTC--Long-term care
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
MA--Moving average
M/M--Month-over-month
MACRS--Modified accelerated cost recovery system
MAD--Mean absolute deviation
MAGI--Modified adjusted gross income
MANOVA--Multivariate analysis of variance
MAS--Multiple award schedule
MBA--Mortgage Bankers Association
MBDA--Minority Business Development Agency
MBE--Mortgage banking enterprise
MBS--Mortgage backed securities
MC--Market capitalization (cap)
MCC--Mortgage credit certificate
MCC--Merchant category codes
MDF--Market development funds
MDIB--Minimum distribution incidental benefit
MEC--Modified endowment contract
MEWA--Multiple employer welfare arrangements
Mfst--Manifest
MGIC--Mortgage Guarantee Insurance Company
MIS--Management information system
MLD--Market-linked deposit
MLM--Multi-level marketing
MLP--Master limited partnership
MLP--Minimum lease payments
MLR--Medical loss ratio
MLS--Multiple listing service
MMC--Money market certificate of deposit
MMDA--Money market deposit account
MOD--Manufacturing on demand
M.O.M.--Middle of the month
M-O-M--Month over month
MOTO--Mail order-telephone order
MPC--Marginal propensity to consume
MPS--Marginal propensity to save
MQT--Medicaid qualifying trust
MRO--Maintenance, repair, and overhaul
MRPS--Mandatorily redeemable preferred stock
MRQ--Most recent quarter
MSA--Metropolitan statistical area
MSER--Multi-state Employer Registration
MSRB--Municipal Securities Rulemaking Board
MSRP--Manufacturer's suggested retail price
MSP--Managed service provider
MTBF--Mean time between failure
MTTR--Mean time to recovery (mean time to repair)
MTC--Multi-State Tax Commission
MUPLA--Model Uniform Products Liability Act
MVIC--Market value of invested capital
NABA--National Association of Black Accountants
NABE--National Association for Business Economics
NACM--National Association of Credit Management
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
NAP--Noninsured Crop Disaster Assistance Program
NAPAT--National Association for Private Annuity Trusts
NAR--National Association of Realtors
NASBA--National Association of State Boards of Accountancy
NATP--National Association of Tax Professionals
NAV--Net asset value
NAVA--National Association for Variable Annuities
NBER--National Bureau of Economic Research
NBIA--National Business Incumbation Association
NCCUSL--National Conference of Commissioners on Uniform State Laws
NCO--Net chargeoffs
NCUA--National Credit Union Administration
NCUSIF--National Credit Union Share Insurance Fund
NDA--Nondisclosure agreement
NDNH--National Directory New Hires
NFIB--National Federation of Independent Businesses
NFIP--National Flood Insurance Program
NFTC--National Foreign Trade Council, Inc.
NIPA--National income and product accounts
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
NPW--Net present worth
NQDC--Nonqualified deferred compensation
NQPS--Nonqualified preferred stock
NR--Not rated
NRA--Net rentable area
NRA--Normal retirement age
NRD--Normal retirement date
NRE--Net realizable equity
NRF--National Retail Federation
NRI--Net revenue interest
NRI--Net Rising Index
NRMLA--National Reverse Mortgage Lenders Association
NSA--National Society of Accountants
NSBA--National Small Business Association
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
OCR--Overall capitalization rate
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
OIS--Overnight Index Swaps
OJT--On-the-job training
OMB--Office of Management and Budget
OP--Order point
OR--Operations research
OSBDU--Office of Small and Disadvantaged Business Utilization
OSS--Open source software
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
PBA--Pending bank approval
PBGC--Pension Benefit Guarantee Corporation
PBM--Pharmacy benefits 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
PCS--Post-contract customer support
PDM--Product data management
PE--Price-earnings ratio
PE--Private equity
PE--Pass-through entity (rare see PTE)
PEC--Potential earnings converted
PEO--Professional employer organization
PEP--Personal exemption phaseout
PERAB--President's Economic Recovery Advisory Board
PERC--Premiums, earnings and reasonable charges
PERT--Program evaluation and review technique
Pfd--Preferred
PFS--Personal financial specialist
PGI--Potential gross income
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
POC--Proof of claim
POD--Payable on death
POP--Premium only plans
POP--Point-of-purchase
POQ--Periodic order quantity
POS--Point-of-sale
POS--Point of service (related to health care plans)
PPA--Paperwork Reduction Act
PPE--Property, plant and equipment
PPI--Producer price index
PPIP--Public Private Investment Program
PPO--Preferred provider organization
PRA--Paperwork Reduction Act of 1980
PRP--Preferred risk policy
PRP--Potentially responsible party
PSC--Personal service corporation
PSR--Presentence report
PTE--Pass-through entity
PTO--Paid time off
PTP--Publicly traded partnership
PUD--Planned unit development
PV--Present value
PVFC--Prepaid variable forward contract
PWBA--Pension and Welfare Benefits Administration
PY--Prior year
P&Z--Planning and zoning
Q--Quarter
QA--Quality assurance
QBU--Qualified business unit
QC--Quality control
QDRO--Qualified domestic relations order
QE--Quarter end (or ended)
QIE--Domestically controlled qualified investment entity
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
QSF--Qualified settlement fund
QSPE--Qualified special purpose entity
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
RDC--Remote deposit capture
R/E--Real estate (also RE)
R/E--Retained earnings
REA--Return on assets
REC--Renewable Energy Certificates
Reg.--Regulation(s)
REIT--Real estate investment trust
RELP--Real estate limited partnership
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
RFB--Request for bid
RFI--Request for information
RFP--Request for proposal
RFQ--Request for quotation
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--Regulated investment company
RIF--Reduction in force
RMA--Return merchandise authorization
RMA--Restricted management account
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--Rentable square feet
RSI--Relative strength indicator
RTN--Routing transit number
S&P--Standard & Poors
S&OP--Sales and Operations Planning
SAAR--Seasonally adjusted annualized rate
SaaS--Software as a Service
SALY--Same as last year
SAM--Shared appreciation mortgage
SAMS--Systemic Advocacy Management System
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
SBDC--Small Business Development Centers
SBIR--Small Business Innovation and Research (program)
SBLC--Small Business Legislative Council
SBLF--Small Business Lending Fund
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
SDB--Small disadvantaged business
SDR--Special drawing rights
SDVOB--Service-disabled veteran owned business
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
SERP--Systemwide Electronic Research Program
SFH--Single family home
SG&A--Selling, general, and administrative expenses
SGLI--Servicemembers' Group Life Insurance
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
SLA--Share lending agreement
SLOB--Separate line of business
SMA--Separately managed account
SMA--Simple moving average
SMB--Small- to medium-sized business(es)
SME--Samll- to medium-sized entities
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
SNT--Supplemental needs trust
SOA--Service-oriented architecture
SOHO--Small office/home office
SOYD--Sum-of-the-years'-digits
SPAC--Special-purpose acquisition company
SPD--Summary plan description
SPE--Special purpose entity
SPV--Special purpose vehicle
SRPM--Stated redemption price at maturity
SRM--Supplier relationship management
SS--Safety stock
SSA--Social Security Administration
SSARS--Statement on Standards for Accounting and Review Services
SSBCI--State Small Business Credit Initiative
SSBIC--Specialized small business investment company
SSD--Social Security disability
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
SV--Salvage value
SWA--State Workforce Agencies
SWOT--Strengths, weaknesses, opportunities, and threats
SWT--State witholding tax
SYD--Sum-of-the-years-digits
T&E--Travel and entertainment
TAA--Trade Adjustment Act
TAA--Trade adjustment assistance
TAB--Tax anticipation bill
TALF--Term Asset-Backed Securities Loan Facility
TAM--Technical advice memorandum
TAN--Tax anticipation note
TARP--Troubled Assets Relief Program
T/B--Trial balance (also TB)
TBD--To be determined
TCE--Tangible common equity
TCO--Total cost of ownership
TCOE--Total cost of equity
TDA--Tax deferred annuity
TDB--Temporary disability benefits
TDC--Total direct compensation
TDI--Temporary disability insurance
TEA--Technology-enabled auditing
TIC--Tenant in common
TIF--Tax increment financing
TILA--Truth in Lending Act
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
TPS--Transaction processing services
TRO--Temporary restraining order
TRUPS--Trust preferred securities
TSA--Tax-sheltered annuity
TSP--Thrift Savings Plan
TSR--Total shareholder return
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
UDR--Unused development rights
UGMA--Uniform Gifts to Minors Act
UI--Unemployment insurance
UIM--Underinsured motorist
UL--Universal life
ULC--Uniform Law Commission
ULPA--Uniform Limited Partnership Act
UM--Uninsured motorist
UPE--Unreimbursed partnership expenses
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
USPAP--Uniform Standards of Professional Appraisal Practice
USPTO--U.S. Patent and Trademark Office
USRPHC--U.S. real property hodling corporation
USRPI--U.S. real property interest
UTC--Uniform Trust Code
UTD--Under trust dated
VA--Variable annuity
VAT--Value-added tax
VC--Venture capital
VCL--Vacancy and collection losses
VEBA--Voluntary employee's beneficiary association
VIE--Variable interest entity
VLI--Variable life insurance
VOB--Veteran-owned business
VRM--Variable rate mortgage
VRP--Variable rate premium
VSOE--Vendor-specific objective evidence
VUL--Variable universal life
VWAP--Volume-weighted average price
W-A--Weighted average
WARN--Worker Adjustment and Retraining Notification Act W&M--House Ways and Means Committee
WACC--Weighted average cost of capital
WC--Workers' compensation
W/C--Working capital (also workers' compensation)
WI--Working interest
WIP--Work in process
WMS--Warehouse management systems
WOSB--Woman-owned small business
WPI--Wholesale price index
WT--Warrant
XBRL--eXtensible Business Reporting Language
Y/Y--Year-over-year
YOY--Year-over-year (also Y-O-Y)
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 AbbreviationsA--Individual
AAA--Accumulated adjustments account
AAR--Administrative adjustment request
AAR--Appeals account resolution (specialist)
ACE--Adjusted current earnings
Acq.--Acquiescence
ACS--Automated collection sites
ACT--Advisory Committee on Tax Exempt and Government Entities
ACTC--Additional child tax credit
ADADP--Aggregate deemed asset disposition price
ADR--Average deferral ratio
ADS--Alternative depreciation system
AET--Asset/Equity table
AEIC--Advanced earned income credit
AFR--Applicable Federal Rate
AFS--Applicable financial statement(s)
AFTAP--Adjusted funding target attainment percentage
AGEE--Adjusted qualified educational expenses
AGI--Adjusted gross income
AGUB--Adjusted grossed-up basis
AHYDO--Applicable high-yield debt obligation
AIMS--Audit Information Management System
AIRC--Alternative incremental research credit
AIS--Automated Insolvency System
ALE--Applicable large employer
ALJ--Administrative law judge
AMID--Allowable miscellaneous itemized deductions
AMP--Accounts Management Program
AMT--Alternative minimum tax
AMTFTC--Alternative minimum tax foreign tax credit
AMTI--Alternative minimum taxable income
ANPRM--Advance notice of proposed rule making
AO--Appeals Officer
AO--Account owner
AOD--Action on decision
AOIC--Automated Offer in Compromise
AOTC--American Opportunity tax credit
APP--Actual preproductive period
APT--Advance payment transactions
ARI--Appeals referral investigator
ASG--Affiliated service group
ASC--Alternative simplified credit (research and experimental)
ASED--Assessment stuatutory expiration date
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
ATCL--Appeals Team Case Leader
ATI--Adjusted taxable income
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
BPR--Business Performance Review
B.T.A.--Board of Tax Appeals
BWH--Backup withholding
CA&IC--Competent Authority and International Coordination
CADE--Customer Account Data Engine
CAF--Centralized Authorization File
CAM--Change in accounting method
CAP--Closing agreement program
CAP--Compliance Assurance Process
CAP--Compliance Assurance Program
CAP--Collection Appeals Program
CAWR--Combined Annual Wage Reporting
C.B.--Cumulative Bulletin
CB--Carryback (also C/B)
CBAF--Commercial bank address file
CBRS--Currency and Banking Retrieval System
CC--Chief Counsel
CCA--Chief Counsel's Advice
CCC--Customer contact center
CCDM--Chief Counsel Directive Manual
CCISO--Cincinnati centralized innocents spouse operation
CCM--Completed contract method
CCR--Comprehensive case resolution
CDE--Community Development Entities
CDFI--Community Development Financial Institution
CDP--Collection Due Process
CDPH--Collection Due Process Hearing
CDW--Compliance data warehouse
CERT--Corporate equity reduction transaction
CESA--Coverdell education savings account
CFC--Controlled foreign corporation
CF--Carryforward (also C/F)
CFf--Collection Field function
CFR--Code of Federal Regulations
CHC--Closely held corporation
CI--City
CI--Criminal investigation
CIB--Cash intensive business
CIC--Coordinated industry case
CID--Criminal Investigation Division
CIECos--Clean energy coal bonds
CIMIS--Criminal Investigation Management Information System
CIP--Coordinated issue paper
CIP--Compliance initiative project
C.I.R.--Commissioner Internal Revenue
CIS--Collection information statement (Form 433-A)
CIS--Computer Investigative Specialist
CIT--Corporate income tax
CLADR--Class life asset depreciation range
CLT--Charitable lead trust
CLAT--Charitable lead annuity trust
CLUT--Charitable lead unitrust
CNC--Currently not collectible
CNOL--Consolidated net operating loss
COBE--Continuity of business enterprise
COD--Cancellation of debt income
COI--Continuity of (proprietary) interest
COIC--Centralized Offer-in-Compromise (Units)
COLI--Corporate owned life insurance
CONUS--Continental United States
CP--Common parent
CPM--Compliance and Program Management
CPM--Comparable profits method
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
CSM--Counsel Settlement Memorandum
CSO--Customer Service Operations
CSP--Classification Settlement Program
CST--Cost sharing transaction
CTC--Child tax credit
CTI--Combined taxable income (also consolidate taxable income)
CTL--Consolidated tax liability
CTR--Currency transaction report
Ct.D.--Court Decision
CUSP--Comparable uncontrolled services price
CWA--Central Withholding Agreement
CWA--Contemporaneous written acknowledgment
CWI--Commensurate with income
CY--County
CY--Calendar year
CYBA--Calendar years beginning after
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
DDI--Disqualified debt instrument
DDIA--Direct Debit Installment Agreement
DDLT--Demand during lead time
DDLT--Due date lead time
DDV--Due diligence visit
DE--Donee
DE--Domestic entity
DEOE--Director of Exempt Organizations, Examinations
Del. Order--Delegation order
DFC--Deferred compensation plan
DFE--Direct filing entities
DFO--Director of Field Operations
DIF--Discriminant Index Function
DISC--Domestic International Sales Corporation
DIV--Dividend
DM--Debit memo
DMF--Debtor master file
DNI--Distributable net income
DOD--Date of death
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
DRD--Deduction in respect of decedent
DRO--Deficit restoration obligation
DRO--Domestic relations order
E--Estate
EACA--eligible automatic contribution arrangement
EAG--Expanded affiliated group
EAR--Electronic account resolution
EAT--Exchange accommodation title holder
EBE--Employee business expenses
ECI--Effectively connected income
ECTI--Effectively connected taxable income
EDPA--Entire disposition of passive activity
EE--Employee
EECB--Energy efficient commercial building
EFDS--Electronic Fraud Detection System
EFIN--Electronic Filer (Filing) Identification Number
EFTPS--Electronic Federal Tax Payment System
EH--Equivalent hearing
EIA--Expenses incurred after
EIP--Electing investment partnership
EMA--Equipment maintenance allowance
EmTRAC--Employer-designed tip reporting alterative commitment
EMS--Electronic Management System
EO--Exempt organization
EOVCP--Exempt Organizations Voluntary Compliance Program
EP--Employee plans
EOR--Enhanced oil recovery
EPCM--Exempt contract percentage of completion method
EPCRS--Employee Plans Compliance Resolution System
E.O.--Executive Order
EOAD--Examination Operational Automation Database
EOCA--Exempt Organizations Compliance Area
ER--Employer
ERD--Eligible rollover distribution
ERISA--Employee Retirement Income Security Act
ERO--Electronic return originator
ERPA--Enrolled Retirement Plan Agent
ERS--Error resolution system
ES&TG--Examination Specialization & Technical Guidance
ESA--Education savings account (Coverdell)
ESB--Education savings bond
ESBT--Electing small business trust
ESD--Economic substance doctrine
ESI--Electronically stored information
ESOP--Employee stock ownership plan
ESOT--Employee stock ownership trust
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
FATP--Federally authorized tax practitioner
FAVR--Fixed and variable rate
FBAR--Foreign bank and financial accounts
FBCSI--Foreign base company sales income
FC--Foreign corporation
FCDC--Foreign controlled domestic corporation
FDAP--Fixed or determinable annual or periodic (income, gains)
FFI--Foreign financial institution
FFA--Foreign financial account
FICA--Federal Insurance Contributions Act
FIRE--Filing information returns electronically
FIS--Foreign information system
FISC--Foreign International Sales Company
FIV--Future income value
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
FSAT--Financial status audit techniques
FSC--Foreign Sales Corporation
FTAs--Fraud technical advisers
FTD--Federal tax deposit
FTD--Failure to deposit (penalty)
FTHBC--First time homebuyer credit
FTI--Federal taxable income
FTP--Federal tax payment
FTS--Fast Track Settlement
FUTA--Federal Unemployment Tax Act
FV--Field visit
FX--Foreign Corporation
FYE--Fiscal year end
GAA--General asset accounts
GAR--Group annuity reserve table
G.C.M.--Chief Counsel's Memorandum
GDS--General depreciation system
GE--Grantee
G&G--Geological and geophysical expenditures
GHWI--Global High Wealth Industry (Group)
GITCA--Gaming Industry Tip Compliance Agreement Program
GLA--Generic legal advice memoranda
GOZ--Gulf Opportunity Zone (also GO zone)
GP--General Partner
GR--Grantor
GRA--Gain recognition agreement
GRT--Gross receipts test
GSTT--Generation skipping transfer tax
HAR--Historic absorption ratio
HAMP--Home Affordable Modification Program
HCE--Highly compensated employee
HCTC--Health coverage tax credit
HDHP--High-deductible health plan
HINF--High-income nonfiler
HOH--Head of household (also HH)
HRA--Health reimbursement account
HSA--Health Savings Account
HTF--Highway Trust Fund
HY--Half year
IA--Intercompany account
IA--Installment agreement
iBOB--Installment sale bogus optional basis transaction
IC--Insurance Company
IC--Industry case
ICD--Interface Control Document
ICD--Intercompany dividends
IDC--Intangbile drilling costs
IDD--Industry director directive
IDGT--Intentionally defective grantor trust
IDIT--Intentionally defective irrevocable trust
IDR--Information Document Request
IDRS--Integrated data retrieval system
IET--Income/Expense table
IIF--Industry issue focus
IIR--Industry Issue Resolution program
ILIT--Irrevocable life insurance trust
ILM--Internal Legal Memoranda
IMF--Individual master file
IMF MCC--Individual Master File-Martinsburg Computing Center
IMRS--Issue Management Resolution System
IMT--Issue management team
INT--Interest
IPCLAT--Increasing payment charitable lead annuity trust
IPIC--Inventory price index computation
I.R.B.--Internal Revenue Bulletin (also IRB)
IRC--Internal Revenue Code
IRD--Income in respect of a decedent IRMF--Individual return master file
IRPAC--Information Reporting Program Advisory Committee
IRSAC--Internal Revenue Service Advisory Council
IRSCI--Internal Revenue Service Criminal Investigation division
IRSN--Internal Revenue Service number
IRM--Internal Revenue Manual
IST--Issue specialization team
ITA--Interactive tax assistant
ITIN--Individual Taxpayer Identification Number
ITW--Income tax withholding
IVES--Income Verification Express Service
JCT--Joint Committe on Taxation
JITSIC--Joint International Tax Shelter Information Centre
LB&I--Large Business and International Division
LCU--Large corporate underpayment
LDC--Lead Development Center
LDR--Loss disallowance rule
LE--Lessee
LIFE--Limited Issue Focused Examination
LIH--Low income housing
LIHTC--Low income housing tax 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
LTP--Lower-tier partnership
LTR--Letter ruling (also LR)
LUST--Leaking underground storage tank
M--Minor
MAC--Maximum amount contributable
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
MLTN--More likely than not
MM--Mid month
MMLLC--Multi-member LLC
MMREF--Magnetic Media Reporting and Electronic Filing
MOIC--Monitoring Offer In Compromise
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
MTA--Maximum tax adjustment
MTC--Minimum tax credit
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
MWPC--Making Work Pay Credit
MUS--Market Segment Understandings
NAE--Nonaccrual experience
NBAP--Notice of beginning of administrative proceeding
NCP--Nontaxable combat pay
NDWC--Notice of determination of worker classification
NESE--Net earnings from self employment
NFFE--Non-financial foreign entity
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
NMP--Net misreporting percentage
NMTC--New Markets Tax Credit
NMWHFIT--Non-mortgage widely held fixed investment trusts
NNFTL--Nominee notice of federal tax lien
NOD--Notice of deficiency
Nonacq.--Nonacquiescence
NEH-ETA--Non-Economic Hardship-Effective Tax Administration
NOPA--Notice of Proposed Assessment
NOT--Nondebt open transaction
NPC--Notional principal contract
NPL--National Public Liaison
NPRM--Notice of Proposed Rulemaking
NQDC--Nonqualified deferred compensation
NQPS--Nonqualified preferred stock
NRA--Nonresident alien
NRE--Net realizable equity
NRP--National Research Project
NRS--Nonrequesting spouse
NTF--National Tax Forums
NUBIG--Net unrealized built-in gain
NUBIL--Net unrealized built-in loss
NYLZ--New York Liberty Zone
O--Organization
OAA--Other adjustments account
OAR--Operations assistance request
OCCP--Offshore Credit Card Program
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
OI--Other investigation
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
OTA--Office of Tax Analysis
OTIA--Oral tax information authorization
OTSA--Office of Tax Shelter Analysis
OVCI--Offshore Voluntary Compliance Initiative
OVDI--Offshore Voluntary Disclosure Initiative
OVDP--Offshore Voluntary Disclosure Program
P--Parent Corporation
PA--Periods after
PAB--Private activity bond
PAL--Passive activity loss
PALS--Property and asset liquidation specialist
PATS--Participants Acceptance Testing System
PBC--Prepared by client
PCA--Private collection agency
PCB--Potential current beneficiaries
PCCM--Percentage of completion capitalized cost method
PCM--Percentage of completion method
PCT--Preliminary or contemporaneous transactions
PCT--Platform contribution transaction
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
PMTA--Program Manager Technical Advice
PO--Posession of the U.S.
PPIA--Partial payment installment agreement
PPS--Practitioner Priority Service
PR--Partner
PRO--Problem solving officer
PRP--Problem resolution program
PRS--Partnership
PSP--Payroll service provider
PTC--Production tax credit
PTE--Prohibited Transaction Exemption
PTE--Pass-through entity
PTI--Previously taxed income
PTIN--Preparer tax identification number
PTT--Prohibited transaction tax
PTTP--Post-termination transition period
Pub. L.--Public Law
PY--Processing year
PYA--Prior year amount
QAB--Qualified additional benefits
QACA--Qualified automatic contribution arrangement
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
QDI--Qualified dividend income
QDOT--Qualified domestic trust
QEAA-Qualified exchange accomodation arrangement
QECB--Qualified energy conservation bond
QEE--Qualified education expenses
QEF--Qualified electing fund
QEI--Qualified equity investment
QETP--Questionable employment tax practices
QEV--Qualifed electric vehicle
QFCB--Qualified forestry conservation bond
QFOBI--Qualified family-owned business interests
QHEE--Qualified higher education expenses
QHIL--Qualified home improvement loan
QI--Qualified intermediary
QIE--Qualified investment entity
QIO--Qualified indicia of ownership
QJSA--Qualified joint and survivor annuity
QJV--Qualified joint venture
QLI--Qualified leasehold improvements
QLICI--Qualified low-income community investment
QLIP--Qualified leasehold improvement property
QLITC--Qualified low income taxpayer clinic
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
QPRI--Qualified principal residence indebtedness
QPRT--Qualified personal residence trust
QPSA--Qualified preretirement survivor annuity
QPSC--Qualified personal services corporation
QRB--Qualified rehabilitated building
QRD--Qualified reservist distributions
QRE--Qualified research expenses
QRE--Qualified rehabilitation expenditures
QRIP--Qualified retail improvement property
QRP--Qualified restaurant property
QRP--Qualified replacement property
QRP--Questionable refund program
QRPBI--Qualified real property business indebtedness
QRT--Qualified revocable trust
QSB--Qualified small business stock (also QSBS)
QSCB--Qualified school construction bonds
QSF--Qualified settlement fund
QSI--Qualified stated interest
QSLOB--Qualified separate line of business
QSS--Qualified structured settlement
QSTP--Qualified state tuition program
QSV--Quick sale value
QTP--Qualified tuition plan (program)
QZAB--Qualifed zone academy bond
RA--Reporting agent
RA--Revenue Agent
RAB--Reasonably anticipated benefits
RAC--Refund anticipation check
RACS--Revenue Accounting Collection System
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
RCA--Reasonable Cause Assistant
RCC--Rebate recovery credit
RCP--Reasonable collection potential
RCRA--Research credit recordkeeping agreement
RDD--Return due date
Reg.--Regulation
REIT--Real Estate Investment Trust
REP--Remote examination process
Rev. Proc.--Revenue Procedure
Rev. Rul.--Revenue Ruling
RFA--Regulatory flexibility analysis
RI--Royalty income
RMD--Required minimum distribution
RMFP--Representative market or field price
RMTF--Risk Management Task Force
RO--Revenue officer
ROBS--Rollovers as business startups
ROTA--Revenue Officer Technical Advisor
RPC--Return preparer coordinator
RPD--Return processible date
RPS--Revenue protection strategy
RRAP--Rapid Response Appeals Process
RS--Requesting spouse
RTL--Regular tax liability
RTRP--Registered tax return preparer
RWI--Research and workload identification
S--Subsidiary
S--Single
SAC--Special agent in charge
SAG--Separate affiliated group
SAR--Suspicious activity report
SATESC--Servicewide Abusive Transaction Executive Steering Committee SB/SE--Small Business/Self-Employed Division
SCA--Service Center Advice
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
SEHID--Self-employed health insurance deduction
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
SND--Statutory notice of deficiency
SO--Settlement officer
SOB--Son of BOSS
SOI--Statistics of Income
SOL--Statute of limitations
SPA--Significant participation activity (see also immediately below)
SPPA--Significant passive participation activity
SPR--Securities position report
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
SPEC--Office of Stakeholder, Partnerships, Education and Communication
SPF--Special procedures function
SPOC--Single point of contact
S.P.R.--Statements of Procedural Rules
SRLY--Separate return limitation year
SSR--Settlement Status Report
Stat.--Statutes at Large
STCP--Student Tax Clinic Program
STJ--Special Trial Judge
SWA--State workforce agency
T--Target Corporation
TAA--Trade adjustment assistance
TAC--Taxpayer Assistance Center
TANF--Temporary Assistance for Needy Families
TAP--Taxpayer Advocacy Panel
TAS--Taxpayer Advocate Service
TAXDEF--National Tax Defier Initiative
TBR--Office of Taxpayer Burden Reduction
T.C.--Tax Court
TCB--Tax credit bond
TCE--Tax Counseling for the Elderly Program
TCO--Tax compliance officer
T.D.--Treasury Decision
TDA--Taxpayer delinquency account
TDA--Treasury Direct Account
TDI--Taxpayer delinquency investigation
TDS--Transcript Delivery System
TE--Tax exempt, tax exempt organization
TEAM--Technical Expedited Advice Memoranda
TEB--Tax exempt bond
TEDB--Tribal economic development bonds
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
TIEA--Tax information exchange agreement
TIF--Tier issue focus
TIGTA--Treasury Inspector General for Tax Administration
TIH--Trust interest holder
T.I.R.--Technical Information Release
TLB--Tax Litigation Bulletin
TMP--Tax matters partner
TMP--Taxable mortgage pool
TMT--Tentative minimum tax
TMT--Tax motivated transaction
TOP--Treasury Offset Program
TP--Taxpayer
TPC--Tax Policy Center
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)
TWB--Taxable wage base
TYB--Taxable year beginning
TYBA--Taxable years beginning after
TYBB--Taxable years beginning before
TYBI--Taxable years beginning in
TYBOA--Tax year beginning on or after
TYEA--Taxable years ending after
TYE--Taxable year ended
U.S.C.--United States Code
UBIT--Unrelated business income tax
UIL--Uniform issues list
UNI--Undistributed net income
UOP--Unit of property
UPE--Unreimbursed partnership expenses
UPT--Upper-tier partnership
USFI--United State financial institution
USRPHC--U.S. real property holding company
UTP--Uncertain tax position
VBID--Value-based insurance designs
VS--Volume submitter
W/H--Withholding
W&I--Wage and Investment Division
WHC--Withholding Compliance Program
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
XCF--Excess collection file
Y--Corporation
Selected Significant Tax LegislationTRUIRJCA--Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (P.L. 111-312
FACTA--Foreign Account Tax Compliance Act
EJMAA--Education Jobs and Medicaid Assistance Act of 2010 (P.L. 111-226)
HCERA--Health Care and Education Reconciliation Act of 2010 (P.L. 111-152)
PPACA--Patient Protection and Affordable Care Act of 2010 (P.L. 111-149)
MSRRA--Military Spouses Residency Relief Act of 2009
WHBBA--Worker, Homeownership and Business Assistance Act of 2009
ARRA--American Recovery and Reinvestment Act of 2009
HDTRA--Heartland Disaster Tax Relief Act of 2008 (P.L. 110-343)
TEAMTRA--Tax Extenders and Alternative Minimum Tax Relief Act of 2008
WRERA--Worker, Retiree, and Employer Recovery Act of 2008 (P.L. 110-458)
EESA--Emergency Economic Stabilization Act of 2008
HEART--Heroes Earnings Assistance and Relief Tax Act of 2008
HERA--Housing and Economic Recovery Act of 2008 (P. L. 110-289)
ESA--Economic Stimulus Act of 2008 (P.L. 110-185)
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
CRA--Community Renewal Tax Relief Act of 2001
RRA--Restructing and Reform Act of 1998 (P.L. 105-206)
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
TILA--Truth in Lending Act
FMLA--Family and Medical Leave Act
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
FECA--Federal Employees' Compensation Act
BSA--Bank Secrecy Act of 1970 (also known as the Currency and Foreign Transactions Reporting Act)
RFPA--Right to Financial Privacy Act
90DSAC--90 days, same as cashA&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
ABCP--Asset backed commercial paper
ABL--Asset-based lending (also, asset-based loan)
ABO--Accumulated benefit obligations
ABP--Average benefit percentage
ABS--Asset based securitization (also asset based securities)
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
ADB--Asian Development Bank
ADC--Acquisition, development and construction
ADEA--Age Discrimination in Employment Act
ADI--After date of invoice
ADJ--Adjust or adjustment
ADP--Average deferral percent
ADP--Actual deferral percentage
ADP--Applicable distribution period
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
AFB--American Farm Bureau
AFC--Average fixed costs
AFP--Association for Financial Professionals
AFDA--Allowance for doubtful accounts
AFDC--Aid to Families with Dependent Children
AFE--Average funds employed
AFN--Additional funds needed
AFN--Annual funding notice
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
AIMS--Advertising and integrated marketing solutions
AIR--Assumed investment rate
AJE--Adjusting journal entry (also A/J/E)
ALJ--Administrative law judge
ALV--Average lease value (cars)
AMA--American Management Association
AMC--Appraisal management companies
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
A.O.B.--Any other business (also a.o.b.)
AON--All or none order
AOQL--Average outgoing quality level
AOV--Average order value
A/P--Accounts payable (also AP)
APB--Accounting Principles Board
APIC--Additional paid-in capital
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
ARO--After receipt of order
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
ASF--American Securitization Forum
ASP--Application service provider
ASPPA--American Society of Pension Professionals & Actuaries
ASR--Accelerated stock repurchase
ATA--Accredited Tax Advisor
ATB--Adjusted trial balance
ATCF--After tax cash flow
ATF--As trustee for
ATO--Asset turnover
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
BAB--Build America Bonds
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
BET--Business entity tax
BFP--Bona fide purchaser
BHC--Bank holding company
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
BOMA--Building Owners and Managers Association International
BOP--Businessowner's policy
BOV--Broker's opinion of value
BOY--Beginning of year
BPD--Bureau of the Public Debt
BPD--Barrels per day
BPM--Business process management
BPM--Business performance management
BPML--Business process modeling language
BPO--Bargain purchase option
BPO--Business process optimization
BPO--Broker price opinion
BRC--Business reply card
BRE--Business reply envelope
BRICS--Brazil, Russia, India, China, and South Africa
BS--Balance sheet
BSA--Bank Secrecy Act
BSM--Black-Scholes-Merton
BTCF--Before tax cash flow
BV--Book value (also B/V)
C&D--Cease and desist
C&F--Cost and freight
C&I--Commercial and industrial
CA--Confidentiality agreement
CAD--Cash available for distribution
CAD--Computer aided design
CADR--Cash available for distribution before debt reduction
CAE--Computer aided engineering
CAGR--Compound annual growth rate
CAM--Common area maintenance
CAM--Computer aided manufacturing
CAFR--Comprehensive Annual Financial Report
CAMPS--Cumulative auction market preferred stock
CAO--Chief accounting officer
Capex--Capital expenditures
CAPP--Cash account pension plan
CAPM--Capital asset pricing model
CAPS--Convertible adjustable preferred stock
CARDS--Custom Adjustable Rate Debt Structure
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
C-CPI--Chained Consumer Price Index
C-CPI-UChained Consumer Price Index for All Urban Consumers
CCC--Commodity Credit Corporation
CCM--Completed contract method
CCP--Collateralized commercial paper
CCPA--Consumer Credit Protection Act
CCR--Central Contracting Registry
CD--Certificate of deposit
CDARS--Certificate of Account Registry Service
CDFI--Community Development Financial Institutions
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
CGA--Charitable gift annuity
CGL--Comprehensive general liability (insurance)
CGMA--Chartered Global Management Accountant
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
CIFR--Committee on Improvements to Financial Reporting
CIK--Central index keys
CIMA--Chartered Institute of Management Accountants
CIMC--Certified investment management consultant
CIP--Carriage and insurance paid
CISSP--Certified Information Systems Security Professional
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
CMS--Content management system
CMSA--Consolidated metropolitan statistical area
CMT--Constant maturity Treasury securities
CNC--Currently not collectible
COB--Close of business
COCA--Cost of capital allowance
COD--Cash on delivery
COD--Cancellation of debt (income)
CODI--Cancellation of debt income
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
CORTS--Corporate-backed trust securities
COS--Cost of sales
COSO--Committee of Sponsoring Organizations
COST--Council on State Taxation
CP--Commercial paper
CPA--Certified public accountant
CPCU--Chartered property and casualty underwriter
CPDO--Constant proportion debt obligation
CPFFC--Cost-plus-fixed-fee contract
CPI--Consumer price index
CPI-U--Consumer Price Index for All Urban Consumers
CPI-W--Consumer Price Index for Urban Wage Earners and Clerical Workers
CPK--Cost per keyword
CPM--Cost per thousand (sometimes customer profitability management)
CPM--Corporate performance management
CPM--Critical Path Method
CPM--Cost per mile
CPO--Cost per order
CPP--Capital purchase program
CPSC--Consumer Products Safety Commission
CR--Continuing resolution
CRA--Credit rating agency
CRAT--Charitable Remainder Annuity Trust
CRFB--Committe for Responsible Federal Budget
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
CSA--Capital support agreement
CSI--Commissioners Standard Industrial Mortality Table
CSO--Commissioners Standard Ordinary Mortality Table
CSPN--College Savings Plan Network
CSR--Customer service representative
CSR--Corporate social responsibilty
CSRS--Civil Service Retirement System
CSV--Cash surrender value
CSVLI--Cash surrender value life insurance
CTFA--Certified trust & financial advisor
CTJ--Citizens for Tax Justice
C-TPAT--Customs-Trade Industry Against Terrorism
CTR--Currency transaction report
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
DBT--Days beyond terms
DC--Defined contribution plan
DC--Deep discount issue
DCAP--Dependent care assistance plan
DCF--Discounted cash flow
DCP--Defined contribution plan
DCR--Debt coverage ratio
DDB--Double declining balance
DDB--Deemed death benefit
DDSN--Demand-driven supply networks
DDU--Destination Delivery Units
DEC--Deductible voluntary employee contributions
Depr.--Depreciation
DFAS--Defense Financial Accounting Service
DFI--Derivative financial instrument
DFL--Degree of financial leverage
DI--Disability insurance
DI--Debt instrument
DI--Derivative instrument
DIC--Document identifier code
DIO--Days inventory outstanding
DIP--Debtor-in-possession
DIT--Deposit(s) in transit
D/L--Demand loan
DM--Direct mail
DMA--Designated Market Area
DMAIC--Define, measure, analyze, improve, control
DNAMTI--Distributable net alternative minimum taxable income
D/N--Demand note
D/O--Delivery order
DOC--Drive other car insurance
DOC--U.S. Department of Commerce
DOE--U.S. Department of Energy
DOJ--Department of Justice
DOL--Department of Labor
DOL--Degree of operating leverage
DOM--Distributed order management
DOT--Department of Transportation
DPGA--Deferred payment gift annuity
DPO--Days payables outstanding
DPP--Deferred payment plan; direct participation program
DPSP--Deferred profit-sharing plan
Dr.--Debit, also debtor, drawer
DR--Direct response (advertising)
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
DSA--Disaster Debt Set-Aside Program
DSO--Days sales outstanding
DTA--Deferred tax assets
DTCC--Depository Trust & Clearing Corp.
DTL--Deferred tax liability
DUA--Disaster Unemployment Assistance
DUNS--Data Universal Numbering System
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
EAT--Exchange accommodation titleholder
Ebita--Earnings before interest taxes depreciation amortization
EBO--Equity buy out
EBP--Employee benefits plan
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
ECM--Enterprise content management
ECN--Electronic communications network
ECOA--E-mail change of address
ECP--Emergency Conservation Program
EDA--Economic Development Administration
EDGAR--Electronic Data Gathering, Analysis, and Retrieval (system)
EDI--Electronic data interchange
EECB--Executive e-mail carpet bomb
EEOC--Equal Employment Opportunity Commission
EFAST--ERISA Filing Acceptance System (also EFAST2)
EFT--Electronic funds transfer
EFW--Electronic funds withdrawal
EGI--Effective gross income
EGM--Extraordinary general meeting
EHLP--Emergency Homeowners Loan Program
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
ELP--Electing large partnership
EM--Emergency Loan Program
EMA--Expense management automation
EMA--Exponential moving average
EMIF--Emerging Issues Task Force
EO--Executive Order
EOE--Equal opportunity employer
EOLI--Employer owned life insurance
EOM--End of month
EOQ--Economic order quantity
EOY--End of year
EP--Earned premium
EPCM--Exempt-contract, percentage-of-completion method
EPLI--Employee 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
ERP--Estimated retail price
ERS--Economic Research Service
ERV--Estimated rental value
ESA--Coverdell education savings account
ESI--Electronically stored information
ESO--Employee stock option
ESOP--Employee stock ownership plan
ESOT--Employee stock ownership trust
ETA--Department of Labor's Employment and Training Administration
ETF--Exchange traded fund
ETN--Exchange traded note
ETR--Effective tax rate
EURIBOR--Euro Interbank Offered Rates
EV--Enterprise value
FABS--Financial and business solutions
FAR--Floor area ratio
FAR--Federal Acquisition Regulation
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
F&C--Free and clear
FCA--Farm Credit Administration
FCF--Free cash flow
FCFE--Free cash flow to equity
FCIC--Financial Crisis Inquiry Commission
FDCPA--Fair Debt Collection Practices Act
FDIC--Federal Deposit Insurance Corporation
FEI--Financial Executives Institute
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
FISMA--Federal Information Security Management Act
FIT--Financial institutions tax
FITW--Federal income tax withholding (sometimes FIT)
f/k/a--Formally known as
FLP--Family Limited Partnership
FLRAFederal Labor Relations Authority
FLSA--Fair Labor Standards Act
FMC--Federal Maritime Commission
FMCS--Federal Mediation and Conciliation Service
FMHA--Farmer's Home Administration
FMLA--Family and Medical Leave Act
FMOC--Federal Open Market Committee
FMR--Fair market rent
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
FOF--Fund of fund
FOIA--Freedome of Information Act
FOK--Fill-or-kill order
FOMC--Federal Open Market Committee
FPL--Federal Poverty Level (also Line)
FPM--Flexible payment mortgage
FR--Federal register
FRA--Full retirement age
FRB--Federal Reserve Board
FRN--Floating rate notes
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
FSR--Financial strength rating
FTC--Federal Trade Commission
FTE--Full time employee
FUTA--Federal Unemployment Tax Act
FVO--Fair value option
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
GCT--General corporation tax
GEM--Growing equity mortgage
GFE--Good faith estimate
GIC--Guaranteed investment contract
GIM--Gross income multiplier
GLA--Gross leaseable area
GMIB--Guaranteed minimum income benefit
GMP--Guaranteed maximum price
GMWB--Guaranteed minimum withdrawal benefit
GNMA--Government National Mortgage Association
GNP--Gross National Product
GOI--Gross operating income
GPI--Gross potential income
GPM--Graduated payment mortgage
GPO--Guaranteed purchase option; Government Printing Office
GRAT--Grantor retained annuity trust
GRC--Goverance, risk and compliance
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
GWAC--Government Wide Acquisition Contract
HARP--Home Affordable Refinance Program
HC--Human capital
HCE--Highly compensated employee
HECM--Home Equity Conversion Mortgage
HELOC--Home equity line of credit
HFA--Housing Finance Agency
HHS--Health and Human Services Department
HIBOR--Hong Kong Interbank Offered Rate
HMO--Health maintenance organization
HOW--Homeowner warranty plan
HQS--Housing Quality Standards
HR--Human resources
HRA--Health reimbursement arrangement
HRC--Historic rehabilitation credit
HUD--Department of Housing and Urban Development
HVAC--Heating, ventilation, and air conditioning
HVCC--Home Valuation Code of Conduct
IAF--Inflation adjustment factor
IASB--International Accounting Standards Board
IATA--International Air Transport Association
IBAN--International Bank Account Number
IBDOEI--Income before discontinued operations and extraordinary items
IBNR--Incurred but not reported
IBR--Income-based repayment
ICE--Internal control evaluation
ICQ--Internal control questionnaire
ICM--Incentive compensation management
IDA--Industrial development authority (also agency)
IDB--Industrial development bond
IDIQ--Indefinite delivery indefinite quantity
IDIT--Intentionally defective irrevocable trust
IDR--Issuer default rating
IDS--Income deposit securities
IFRIC--International Financial Reporting Interpretations Committee
IFRS--International Financial Reporting Standard
IIA--Institute of Internal Auditors
ILC--Industrial loan company
ILIT--Irrevocable life insurance trust
IMF--International Monetary Fund
IOLTA--Interest on lawyer's trust account
IP--Intellectual property
IPO--Initial public offering
IQPA--Independent qualified public accountant
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 for Supply Management
ISO--Incentive stock option
ISO--Independent sales organization
ISO/MSP--Independent sales organization/Member service provider
ITEP--Institute on Taxation and Economic Policy
ITF--In trust for
ITS--Intermarket trading system
ITSM--Information technology service management
IVR--Interactive voice responseJ/E--Journal entry (also JE)
JEC--Joint Economic Committee
JCT--Joint Committee on Taxation
JOLTS--Job Openings & Labor Turnover Survey (also JOLT)
k/a--Known as
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
LLET--Limited liability entity tax
LLP--Limited liability partnership
LLLP--Limited liability limited partnership
LLIC--Limited liability investment company
LLTC--Limited liability trust company
LM--Last month (also L/M)
LMRA--Labor Management Relations Act
LOB--Line of balance
LOC--Library of Congress
LOC--Line of credit
LOI--Letter of intent
LPA--Licensed Public Accountant
LSE--London Stock Exchange
LT--Long term
LT--Lead time
LTC--Long-term care
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
MA--Moving average
M/M--Month-over-month
MACRS--Modified accelerated cost recovery system
MAD--Mean absolute deviation
MAGI--Modified adjusted gross income
MANOVA--Multivariate analysis of variance
MAS--Multiple award schedule
MBA--Mortgage Bankers Association
MBDA--Minority Business Development Agency
MBE--Mortgage banking enterprise
MBS--Mortgage backed securities
MC--Market capitalization (cap)
MCC--Mortgage credit certificate
MCC--Merchant category codes
MDF--Market development funds
MDIB--Minimum distribution incidental benefit
MEC--Modified endowment contract
MEWA--Multiple employer welfare arrangements
Mfst--Manifest
MGIC--Mortgage Guarantee Insurance Company
MIS--Management information system
MLD--Market-linked deposit
MLM--Multi-level marketing
MLP--Master limited partnership
MLP--Minimum lease payments
MLR--Medical loss ratio
MLS--Multiple listing service
MMC--Money market certificate of deposit
MMDA--Money market deposit account
MOD--Manufacturing on demand
M.O.M.--Middle of the month
M-O-M--Month over month
MOTO--Mail order-telephone order
MPC--Marginal propensity to consume
MPS--Marginal propensity to save
MQT--Medicaid qualifying trust
MRO--Maintenance, repair, and overhaul
MRPS--Mandatorily redeemable preferred stock
MRQ--Most recent quarter
MSA--Metropolitan statistical area
MSER--Multi-state Employer Registration
MSRB--Municipal Securities Rulemaking Board
MSRP--Manufacturer's suggested retail price
MSP--Managed service provider
MTBF--Mean time between failure
MTTR--Mean time to recovery (mean time to repair)
MTC--Multi-State Tax Commission
MUPLA--Model Uniform Products Liability Act
MVIC--Market value of invested capital
NABA--National Association of Black Accountants
NABE--National Association for Business Economics
NACM--National Association of Credit Management
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
NAP--Noninsured Crop Disaster Assistance Program
NAPAT--National Association for Private Annuity Trusts
NAR--National Association of Realtors
NASBA--National Association of State Boards of Accountancy
NATP--National Association of Tax Professionals
NAV--Net asset value
NAVA--National Association for Variable Annuities
NBER--National Bureau of Economic Research
NBIA--National Business Incumbation Association
NCCUSL--National Conference of Commissioners on Uniform State Laws
NCO--Net chargeoffs
NCUA--National Credit Union Administration
NCUSIF--National Credit Union Share Insurance Fund
NDA--Nondisclosure agreement
NDNH--National Directory New Hires
NFIB--National Federation of Independent Businesses
NFIP--National Flood Insurance Program
NFTC--National Foreign Trade Council, Inc.
NIPA--National income and product accounts
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
NPW--Net present worth
NQDC--Nonqualified deferred compensation
NQPS--Nonqualified preferred stock
NR--Not rated
NRA--Net rentable area
NRA--Normal retirement age
NRD--Normal retirement date
NRE--Net realizable equity
NRF--National Retail Federation
NRI--Net revenue interest
NRI--Net Rising Index
NRMLA--National Reverse Mortgage Lenders Association
NSA--National Society of Accountants
NSBA--National Small Business Association
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
OCR--Overall capitalization rate
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
OIS--Overnight Index Swaps
OJT--On-the-job training
OMB--Office of Management and Budget
OP--Order point
OR--Operations research
OSBDU--Office of Small and Disadvantaged Business Utilization
OSS--Open source software
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
PBA--Pending bank approval
PBGC--Pension Benefit Guarantee Corporation
PBM--Pharmacy benefits 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
PCS--Post-contract customer support
PDM--Product data management
PE--Price-earnings ratio
PE--Private equity
PE--Pass-through entity (rare see PTE)
PEC--Potential earnings converted
PEO--Professional employer organization
PEP--Personal exemption phaseout
PERAB--President's Economic Recovery Advisory Board
PERC--Premiums, earnings and reasonable charges
PERT--Program evaluation and review technique
Pfd--Preferred
PFS--Personal financial specialist
PGI--Potential gross income
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
POC--Proof of claim
POD--Payable on death
POP--Premium only plans
POP--Point-of-purchase
POQ--Periodic order quantity
POS--Point-of-sale
POS--Point of service (related to health care plans)
PPA--Paperwork Reduction Act
PPE--Property, plant and equipment
PPI--Producer price index
PPIP--Public Private Investment Program
PPO--Preferred provider organization
PRA--Paperwork Reduction Act of 1980
PRP--Preferred risk policy
PRP--Potentially responsible party
PSC--Personal service corporation
PSR--Presentence report
PTE--Pass-through entity
PTO--Paid time off
PTP--Publicly traded partnership
PUD--Planned unit development
PV--Present value
PVFC--Prepaid variable forward contract
PWBA--Pension and Welfare Benefits Administration
PY--Prior year
P&Z--Planning and zoning
Q--Quarter
QA--Quality assurance
QBU--Qualified business unit
QC--Quality control
QDRO--Qualified domestic relations order
QE--Quarter end (or ended)
QIE--Domestically controlled qualified investment entity
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
QSF--Qualified settlement fund
QSPE--Qualified special purpose entity
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
RDC--Remote deposit capture
R/E--Real estate (also RE)
R/E--Retained earnings
REA--Return on assets
REC--Renewable Energy Certificates
Reg.--Regulation(s)
REIT--Real estate investment trust
RELP--Real estate limited partnership
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
RFB--Request for bid
RFI--Request for information
RFP--Request for proposal
RFQ--Request for quotation
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--Regulated investment company
RIF--Reduction in force
RMA--Return merchandise authorization
RMA--Restricted management account
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--Rentable square feet
RSI--Relative strength indicator
RTN--Routing transit number
S&P--Standard & Poors
S&OP--Sales and Operations Planning
SAAR--Seasonally adjusted annualized rate
SaaS--Software as a Service
SALY--Same as last year
SAM--Shared appreciation mortgage
SAMS--Systemic Advocacy Management System
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
SBDC--Small Business Development Centers
SBIR--Small Business Innovation and Research (program)
SBLC--Small Business Legislative Council
SBLF--Small Business Lending Fund
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
SDB--Small disadvantaged business
SDR--Special drawing rights
SDVOB--Service-disabled veteran owned business
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
SERP--Systemwide Electronic Research Program
SFH--Single family home
SG&A--Selling, general, and administrative expenses
SGLI--Servicemembers' Group Life Insurance
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
SLA--Share lending agreement
SLOB--Separate line of business
SMA--Separately managed account
SMA--Simple moving average
SMB--Small- to medium-sized business(es)
SME--Samll- to medium-sized entities
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
SNT--Supplemental needs trust
SOA--Service-oriented architecture
SOHO--Small office/home office
SOYD--Sum-of-the-years'-digits
SPAC--Special-purpose acquisition company
SPD--Summary plan description
SPE--Special purpose entity
SPV--Special purpose vehicle
SRPM--Stated redemption price at maturity
SRM--Supplier relationship management
SS--Safety stock
SSA--Social Security Administration
SSARS--Statement on Standards for Accounting and Review Services
SSBCI--State Small Business Credit Initiative
SSBIC--Specialized small business investment company
SSD--Social Security disability
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
SV--Salvage value
SWA--State Workforce Agencies
SWOT--Strengths, weaknesses, opportunities, and threats
SWT--State witholding tax
SYD--Sum-of-the-years-digits
T&E--Travel and entertainment
TAA--Trade Adjustment Act
TAA--Trade adjustment assistance
TAB--Tax anticipation bill
TALF--Term Asset-Backed Securities Loan Facility
TAM--Technical advice memorandum
TAN--Tax anticipation note
TARP--Troubled Assets Relief Program
T/B--Trial balance (also TB)
TBD--To be determined
TCE--Tangible common equity
TCO--Total cost of ownership
TCOE--Total cost of equity
TDA--Tax deferred annuity
TDB--Temporary disability benefits
TDC--Total direct compensation
TDI--Temporary disability insurance
TEA--Technology-enabled auditing
TIC--Tenant in common
TIF--Tax increment financing
TILA--Truth in Lending Act
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
TPS--Transaction processing services
TRO--Temporary restraining order
TRUPS--Trust preferred securities
TSA--Tax-sheltered annuity
TSP--Thrift Savings Plan
TSR--Total shareholder return
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
UDR--Unused development rights
UGMA--Uniform Gifts to Minors Act
UI--Unemployment insurance
UIM--Underinsured motorist
UL--Universal life
ULC--Uniform Law Commission
ULPA--Uniform Limited Partnership Act
UM--Uninsured motorist
UPE--Unreimbursed partnership expenses
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
USPAP--Uniform Standards of Professional Appraisal Practice
USPTO--U.S. Patent and Trademark Office
USRPHC--U.S. real property hodling corporation
USRPI--U.S. real property interest
UTC--Uniform Trust Code
UTD--Under trust dated
VA--Variable annuity
VAT--Value-added tax
VC--Venture capital
VCL--Vacancy and collection losses
VEBA--Voluntary employee's beneficiary association
VIE--Variable interest entity
VLI--Variable life insurance
VOB--Veteran-owned business
VRM--Variable rate mortgage
VRP--Variable rate premium
VSOE--Vendor-specific objective evidence
VUL--Variable universal life
VWAP--Volume-weighted average price
W-A--Weighted average
WARN--Worker Adjustment and Retraining Notification Act W&M--House Ways and Means Committee
WACC--Weighted average cost of capital
WC--Workers' compensation
W/C--Working capital (also workers' compensation)
WI--Working interest
WIP--Work in process
WMS--Warehouse management systems
WOSB--Woman-owned small business
WPI--Wholesale price index
WT--Warrant
XBRL--eXtensible Business Reporting Language
Y/Y--Year-over-year
YOY--Year-over-year (also Y-O-Y)
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 AbbreviationsA--Individual
AAA--Accumulated adjustments account
AAR--Administrative adjustment request
AAR--Appeals account resolution (specialist)
ACE--Adjusted current earnings
Acq.--Acquiescence
ACS--Automated collection sites
ACT--Advisory Committee on Tax Exempt and Government Entities
ACTC--Additional child tax credit
ADADP--Aggregate deemed asset disposition price
ADR--Average deferral ratio
ADS--Alternative depreciation system
AET--Asset/Equity table
AEIC--Advanced earned income credit
AFR--Applicable Federal Rate
AFS--Applicable financial statement(s)
AFTAP--Adjusted funding target attainment percentage
AGEE--Adjusted qualified educational expenses
AGI--Adjusted gross income
AGUB--Adjusted grossed-up basis
AHYDO--Applicable high-yield debt obligation
AIMS--Audit Information Management System
AIRC--Alternative incremental research credit
AIS--Automated Insolvency System
ALE--Applicable large employer
ALJ--Administrative law judge
AMID--Allowable miscellaneous itemized deductions
AMP--Accounts Management Program
AMT--Alternative minimum tax
AMTFTC--Alternative minimum tax foreign tax credit
AMTI--Alternative minimum taxable income
ANPRM--Advance notice of proposed rule making
AO--Appeals Officer
AO--Account owner
AOD--Action on decision
AOIC--Automated Offer in Compromise
AOTC--American Opportunity tax credit
APP--Actual preproductive period
APT--Advance payment transactions
ARI--Appeals referral investigator
ASG--Affiliated service group
ASC--Alternative simplified credit (research and experimental)
ASED--Assessment stuatutory expiration date
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
ATCL--Appeals Team Case Leader
ATI--Adjusted taxable income
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
BPR--Business Performance Review
B.T.A.--Board of Tax Appeals
BWH--Backup withholding
CA&IC--Competent Authority and International Coordination
CADE--Customer Account Data Engine
CAF--Centralized Authorization File
CAM--Change in accounting method
CAP--Closing agreement program
CAP--Compliance Assurance Process
CAP--Compliance Assurance Program
CAP--Collection Appeals Program
CAWR--Combined Annual Wage Reporting
C.B.--Cumulative Bulletin
CB--Carryback (also C/B)
CBAF--Commercial bank address file
CBRS--Currency and Banking Retrieval System
CC--Chief Counsel
CCA--Chief Counsel's Advice
CCC--Customer contact center
CCDM--Chief Counsel Directive Manual
CCISO--Cincinnati centralized innocents spouse operation
CCM--Completed contract method
CCR--Comprehensive case resolution
CDE--Community Development Entities
CDFI--Community Development Financial Institution
CDP--Collection Due Process
CDPH--Collection Due Process Hearing
CDW--Compliance data warehouse
CERT--Corporate equity reduction transaction
CESA--Coverdell education savings account
CFC--Controlled foreign corporation
CF--Carryforward (also C/F)
CFf--Collection Field function
CFR--Code of Federal Regulations
CHC--Closely held corporation
CI--City
CI--Criminal investigation
CIB--Cash intensive business
CIC--Coordinated industry case
CID--Criminal Investigation Division
CIECos--Clean energy coal bonds
CIMIS--Criminal Investigation Management Information System
CIP--Coordinated issue paper
CIP--Compliance initiative project
C.I.R.--Commissioner Internal Revenue
CIS--Collection information statement (Form 433-A)
CIS--Computer Investigative Specialist
CIT--Corporate income tax
CLADR--Class life asset depreciation range
CLT--Charitable lead trust
CLAT--Charitable lead annuity trust
CLUT--Charitable lead unitrust
CNC--Currently not collectible
CNOL--Consolidated net operating loss
COBE--Continuity of business enterprise
COD--Cancellation of debt income
COI--Continuity of (proprietary) interest
COIC--Centralized Offer-in-Compromise (Units)
COLI--Corporate owned life insurance
CONUS--Continental United States
CP--Common parent
CPM--Compliance and Program Management
CPM--Comparable profits method
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
CSM--Counsel Settlement Memorandum
CSO--Customer Service Operations
CSP--Classification Settlement Program
CST--Cost sharing transaction
CTC--Child tax credit
CTI--Combined taxable income (also consolidate taxable income)
CTL--Consolidated tax liability
CTR--Currency transaction report
Ct.D.--Court Decision
CUSP--Comparable uncontrolled services price
CWA--Central Withholding Agreement
CWA--Contemporaneous written acknowledgment
CWI--Commensurate with income
CY--County
CY--Calendar year
CYBA--Calendar years beginning after
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
DDI--Disqualified debt instrument
DDIA--Direct Debit Installment Agreement
DDLT--Demand during lead time
DDLT--Due date lead time
DDV--Due diligence visit
DE--Donee
DE--Domestic entity
DEOE--Director of Exempt Organizations, Examinations
Del. Order--Delegation order
DFC--Deferred compensation plan
DFE--Direct filing entities
DFO--Director of Field Operations
DIF--Discriminant Index Function
DISC--Domestic International Sales Corporation
DIV--Dividend
DM--Debit memo
DMF--Debtor master file
DNI--Distributable net income
DOD--Date of death
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
DRD--Deduction in respect of decedent
DRO--Deficit restoration obligation
DRO--Domestic relations order
E--Estate
EACA--eligible automatic contribution arrangement
EAG--Expanded affiliated group
EAR--Electronic account resolution
EAT--Exchange accommodation title holder
EBE--Employee business expenses
ECI--Effectively connected income
ECTI--Effectively connected taxable income
EDPA--Entire disposition of passive activity
EE--Employee
EECB--Energy efficient commercial building
EFDS--Electronic Fraud Detection System
EFIN--Electronic Filer (Filing) Identification Number
EFTPS--Electronic Federal Tax Payment System
EH--Equivalent hearing
EIA--Expenses incurred after
EIP--Electing investment partnership
EMA--Equipment maintenance allowance
EmTRAC--Employer-designed tip reporting alterative commitment
EMS--Electronic Management System
EO--Exempt organization
EOVCP--Exempt Organizations Voluntary Compliance Program
EP--Employee plans
EOR--Enhanced oil recovery
EPCM--Exempt contract percentage of completion method
EPCRS--Employee Plans Compliance Resolution System
E.O.--Executive Order
EOAD--Examination Operational Automation Database
EOCA--Exempt Organizations Compliance Area
ER--Employer
ERD--Eligible rollover distribution
ERISA--Employee Retirement Income Security Act
ERO--Electronic return originator
ERPA--Enrolled Retirement Plan Agent
ERS--Error resolution system
ES&TG--Examination Specialization & Technical Guidance
ESA--Education savings account (Coverdell)
ESB--Education savings bond
ESBT--Electing small business trust
ESD--Economic substance doctrine
ESI--Electronically stored information
ESOP--Employee stock ownership plan
ESOT--Employee stock ownership trust
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
FATP--Federally authorized tax practitioner
FAVR--Fixed and variable rate
FBAR--Foreign bank and financial accounts
FBCSI--Foreign base company sales income
FC--Foreign corporation
FCDC--Foreign controlled domestic corporation
FDAP--Fixed or determinable annual or periodic (income, gains)
FFI--Foreign financial institution
FFA--Foreign financial account
FICA--Federal Insurance Contributions Act
FIRE--Filing information returns electronically
FIS--Foreign information system
FISC--Foreign International Sales Company
FIV--Future income value
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
FSAT--Financial status audit techniques
FSC--Foreign Sales Corporation
FTAs--Fraud technical advisers
FTD--Federal tax deposit
FTD--Failure to deposit (penalty)
FTHBC--First time homebuyer credit
FTI--Federal taxable income
FTP--Federal tax payment
FTS--Fast Track Settlement
FUTA--Federal Unemployment Tax Act
FV--Field visit
FX--Foreign Corporation
FYE--Fiscal year end
GAA--General asset accounts
GAR--Group annuity reserve table
G.C.M.--Chief Counsel's Memorandum
GDS--General depreciation system
GE--Grantee
G&G--Geological and geophysical expenditures
GHWI--Global High Wealth Industry (Group)
GITCA--Gaming Industry Tip Compliance Agreement Program
GLA--Generic legal advice memoranda
GOZ--Gulf Opportunity Zone (also GO zone)
GP--General Partner
GR--Grantor
GRA--Gain recognition agreement
GRT--Gross receipts test
GSTT--Generation skipping transfer tax
HAR--Historic absorption ratio
HAMP--Home Affordable Modification Program
HCE--Highly compensated employee
HCTC--Health coverage tax credit
HDHP--High-deductible health plan
HINF--High-income nonfiler
HOH--Head of household (also HH)
HRA--Health reimbursement account
HSA--Health Savings Account
HTF--Highway Trust Fund
HY--Half year
IA--Intercompany account
IA--Installment agreement
iBOB--Installment sale bogus optional basis transaction
IC--Insurance Company
IC--Industry case
ICD--Interface Control Document
ICD--Intercompany dividends
IDC--Intangbile drilling costs
IDD--Industry director directive
IDGT--Intentionally defective grantor trust
IDIT--Intentionally defective irrevocable trust
IDR--Information Document Request
IDRS--Integrated data retrieval system
IET--Income/Expense table
IIF--Industry issue focus
IIR--Industry Issue Resolution program
ILIT--Irrevocable life insurance trust
ILM--Internal Legal Memoranda
IMF--Individual master file
IMF MCC--Individual Master File-Martinsburg Computing Center
IMRS--Issue Management Resolution System
IMT--Issue management team
INT--Interest
IPCLAT--Increasing payment charitable lead annuity trust
IPIC--Inventory price index computation
I.R.B.--Internal Revenue Bulletin (also IRB)
IRC--Internal Revenue Code
IRD--Income in respect of a decedent IRMF--Individual return master file
IRPAC--Information Reporting Program Advisory Committee
IRSAC--Internal Revenue Service Advisory Council
IRSCI--Internal Revenue Service Criminal Investigation division
IRSN--Internal Revenue Service number
IRM--Internal Revenue Manual
IST--Issue specialization team
ITA--Interactive tax assistant
ITIN--Individual Taxpayer Identification Number
ITW--Income tax withholding
IVES--Income Verification Express Service
JCT--Joint Committe on Taxation
JITSIC--Joint International Tax Shelter Information Centre
LB&I--Large Business and International Division
LCU--Large corporate underpayment
LDC--Lead Development Center
LDR--Loss disallowance rule
LE--Lessee
LIFE--Limited Issue Focused Examination
LIH--Low income housing
LIHTC--Low income housing tax 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
LTP--Lower-tier partnership
LTR--Letter ruling (also LR)
LUST--Leaking underground storage tank
M--Minor
MAC--Maximum amount contributable
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
MLTN--More likely than not
MM--Mid month
MMLLC--Multi-member LLC
MMREF--Magnetic Media Reporting and Electronic Filing
MOIC--Monitoring Offer In Compromise
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
MTA--Maximum tax adjustment
MTC--Minimum tax credit
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
MWPC--Making Work Pay Credit
MUS--Market Segment Understandings
NAE--Nonaccrual experience
NBAP--Notice of beginning of administrative proceeding
NCP--Nontaxable combat pay
NDWC--Notice of determination of worker classification
NESE--Net earnings from self employment
NFFE--Non-financial foreign entity
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
NMP--Net misreporting percentage
NMTC--New Markets Tax Credit
NMWHFIT--Non-mortgage widely held fixed investment trusts
NNFTL--Nominee notice of federal tax lien
NOD--Notice of deficiency
Nonacq.--Nonacquiescence
NEH-ETA--Non-Economic Hardship-Effective Tax Administration
NOPA--Notice of Proposed Assessment
NOT--Nondebt open transaction
NPC--Notional principal contract
NPL--National Public Liaison
NPRM--Notice of Proposed Rulemaking
NQDC--Nonqualified deferred compensation
NQPS--Nonqualified preferred stock
NRA--Nonresident alien
NRE--Net realizable equity
NRP--National Research Project
NRS--Nonrequesting spouse
NTF--National Tax Forums
NUBIG--Net unrealized built-in gain
NUBIL--Net unrealized built-in loss
NYLZ--New York Liberty Zone
O--Organization
OAA--Other adjustments account
OAR--Operations assistance request
OCCP--Offshore Credit Card Program
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
OI--Other investigation
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
OTA--Office of Tax Analysis
OTIA--Oral tax information authorization
OTSA--Office of Tax Shelter Analysis
OVCI--Offshore Voluntary Compliance Initiative
OVDI--Offshore Voluntary Disclosure Initiative
OVDP--Offshore Voluntary Disclosure Program
P--Parent Corporation
PA--Periods after
PAB--Private activity bond
PAL--Passive activity loss
PALS--Property and asset liquidation specialist
PATS--Participants Acceptance Testing System
PBC--Prepared by client
PCA--Private collection agency
PCB--Potential current beneficiaries
PCCM--Percentage of completion capitalized cost method
PCM--Percentage of completion method
PCT--Preliminary or contemporaneous transactions
PCT--Platform contribution transaction
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
PMTA--Program Manager Technical Advice
PO--Posession of the U.S.
PPIA--Partial payment installment agreement
PPS--Practitioner Priority Service
PR--Partner
PRO--Problem solving officer
PRP--Problem resolution program
PRS--Partnership
PSP--Payroll service provider
PTC--Production tax credit
PTE--Prohibited Transaction Exemption
PTE--Pass-through entity
PTI--Previously taxed income
PTIN--Preparer tax identification number
PTT--Prohibited transaction tax
PTTP--Post-termination transition period
Pub. L.--Public Law
PY--Processing year
PYA--Prior year amount
QAB--Qualified additional benefits
QACA--Qualified automatic contribution arrangement
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
QDI--Qualified dividend income
QDOT--Qualified domestic trust
QEAA-Qualified exchange accomodation arrangement
QECB--Qualified energy conservation bond
QEE--Qualified education expenses
QEF--Qualified electing fund
QEI--Qualified equity investment
QETP--Questionable employment tax practices
QEV--Qualifed electric vehicle
QFCB--Qualified forestry conservation bond
QFOBI--Qualified family-owned business interests
QHEE--Qualified higher education expenses
QHIL--Qualified home improvement loan
QI--Qualified intermediary
QIE--Qualified investment entity
QIO--Qualified indicia of ownership
QJSA--Qualified joint and survivor annuity
QJV--Qualified joint venture
QLI--Qualified leasehold improvements
QLICI--Qualified low-income community investment
QLIP--Qualified leasehold improvement property
QLITC--Qualified low income taxpayer clinic
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
QPRI--Qualified principal residence indebtedness
QPRT--Qualified personal residence trust
QPSA--Qualified preretirement survivor annuity
QPSC--Qualified personal services corporation
QRB--Qualified rehabilitated building
QRD--Qualified reservist distributions
QRE--Qualified research expenses
QRE--Qualified rehabilitation expenditures
QRIP--Qualified retail improvement property
QRP--Qualified restaurant property
QRP--Qualified replacement property
QRP--Questionable refund program
QRPBI--Qualified real property business indebtedness
QRT--Qualified revocable trust
QSB--Qualified small business stock (also QSBS)
QSCB--Qualified school construction bonds
QSF--Qualified settlement fund
QSI--Qualified stated interest
QSLOB--Qualified separate line of business
QSS--Qualified structured settlement
QSTP--Qualified state tuition program
QSV--Quick sale value
QTP--Qualified tuition plan (program)
QZAB--Qualifed zone academy bond
RA--Reporting agent
RA--Revenue Agent
RAB--Reasonably anticipated benefits
RAC--Refund anticipation check
RACS--Revenue Accounting Collection System
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
RCA--Reasonable Cause Assistant
RCC--Rebate recovery credit
RCP--Reasonable collection potential
RCRA--Research credit recordkeeping agreement
RDD--Return due date
Reg.--Regulation
REIT--Real Estate Investment Trust
REP--Remote examination process
Rev. Proc.--Revenue Procedure
Rev. Rul.--Revenue Ruling
RFA--Regulatory flexibility analysis
RI--Royalty income
RMD--Required minimum distribution
RMFP--Representative market or field price
RMTF--Risk Management Task Force
RO--Revenue officer
ROBS--Rollovers as business startups
ROTA--Revenue Officer Technical Advisor
RPC--Return preparer coordinator
RPD--Return processible date
RPS--Revenue protection strategy
RRAP--Rapid Response Appeals Process
RS--Requesting spouse
RTL--Regular tax liability
RTRP--Registered tax return preparer
RWI--Research and workload identification
S--Subsidiary
S--Single
SAC--Special agent in charge
SAG--Separate affiliated group
SAR--Suspicious activity report
SATESC--Servicewide Abusive Transaction Executive Steering Committee SB/SE--Small Business/Self-Employed Division
SCA--Service Center Advice
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
SEHID--Self-employed health insurance deduction
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
SND--Statutory notice of deficiency
SO--Settlement officer
SOB--Son of BOSS
SOI--Statistics of Income
SOL--Statute of limitations
SPA--Significant participation activity (see also immediately below)
SPPA--Significant passive participation activity
SPR--Securities position report
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
SPEC--Office of Stakeholder, Partnerships, Education and Communication
SPF--Special procedures function
SPOC--Single point of contact
S.P.R.--Statements of Procedural Rules
SRLY--Separate return limitation year
SSR--Settlement Status Report
Stat.--Statutes at Large
STCP--Student Tax Clinic Program
STJ--Special Trial Judge
SWA--State workforce agency
T--Target Corporation
TAA--Trade adjustment assistance
TAC--Taxpayer Assistance Center
TANF--Temporary Assistance for Needy Families
TAP--Taxpayer Advocacy Panel
TAS--Taxpayer Advocate Service
TAXDEF--National Tax Defier Initiative
TBR--Office of Taxpayer Burden Reduction
T.C.--Tax Court
TCB--Tax credit bond
TCE--Tax Counseling for the Elderly Program
TCO--Tax compliance officer
T.D.--Treasury Decision
TDA--Taxpayer delinquency account
TDA--Treasury Direct Account
TDI--Taxpayer delinquency investigation
TDS--Transcript Delivery System
TE--Tax exempt, tax exempt organization
TEAM--Technical Expedited Advice Memoranda
TEB--Tax exempt bond
TEDB--Tribal economic development bonds
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
TIEA--Tax information exchange agreement
TIF--Tier issue focus
TIGTA--Treasury Inspector General for Tax Administration
TIH--Trust interest holder
T.I.R.--Technical Information Release
TLB--Tax Litigation Bulletin
TMP--Tax matters partner
TMP--Taxable mortgage pool
TMT--Tentative minimum tax
TMT--Tax motivated transaction
TOP--Treasury Offset Program
TP--Taxpayer
TPC--Tax Policy Center
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)
TWB--Taxable wage base
TYB--Taxable year beginning
TYBA--Taxable years beginning after
TYBB--Taxable years beginning before
TYBI--Taxable years beginning in
TYBOA--Tax year beginning on or after
TYEA--Taxable years ending after
TYE--Taxable year ended
U.S.C.--United States Code
UBIT--Unrelated business income tax
UIL--Uniform issues list
UNI--Undistributed net income
UOP--Unit of property
UPE--Unreimbursed partnership expenses
UPT--Upper-tier partnership
USFI--United State financial institution
USRPHC--U.S. real property holding company
UTP--Uncertain tax position
VBID--Value-based insurance designs
VS--Volume submitter
W/H--Withholding
W&I--Wage and Investment Division
WHC--Withholding Compliance Program
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
XCF--Excess collection file
Y--Corporation
Selected Significant Tax LegislationTRUIRJCA--Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (P.L. 111-312
FACTA--Foreign Account Tax Compliance Act
EJMAA--Education Jobs and Medicaid Assistance Act of 2010 (P.L. 111-226)
HCERA--Health Care and Education Reconciliation Act of 2010 (P.L. 111-152)
PPACA--Patient Protection and Affordable Care Act of 2010 (P.L. 111-149)
MSRRA--Military Spouses Residency Relief Act of 2009
WHBBA--Worker, Homeownership and Business Assistance Act of 2009
ARRA--American Recovery and Reinvestment Act of 2009
HDTRA--Heartland Disaster Tax Relief Act of 2008 (P.L. 110-343)
TEAMTRA--Tax Extenders and Alternative Minimum Tax Relief Act of 2008
WRERA--Worker, Retiree, and Employer Recovery Act of 2008 (P.L. 110-458)
EESA--Emergency Economic Stabilization Act of 2008
HEART--Heroes Earnings Assistance and Relief Tax Act of 2008
HERA--Housing and Economic Recovery Act of 2008 (P. L. 110-289)
ESA--Economic Stimulus Act of 2008 (P.L. 110-185)
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
CRA--Community Renewal Tax Relief Act of 2001
RRA--Restructing and Reform Act of 1998 (P.L. 105-206)
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
TILA--Truth in Lending Act
FMLA--Family and Medical Leave Act
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
FECA--Federal Employees' Compensation Act
BSA--Bank Secrecy Act of 1970 (also known as the Currency and Foreign Transactions Reporting Act)
RFPA--Right to Financial Privacy Act