TERM

Name Control

Name Control The first 4 letters of the taxpayer’s last name (in the case of individuals) and the first 4…

4 years ago

Modem

Modem A device for converting signals to be transferred over telephone lines.

4 years ago

Microfilm Serial Number

Microfilm Serial Number This is a 10–digit number assigned to FTD’s during the OCR scanning process. This has increased to…

4 years ago

Microfilm Replacement System (MRS)

Microfilm Replacement System (MRS) The Microfilm Replacement System (MRS) is a realtime mode that supports a myriad of functions. It…

4 years ago

Master File Tax Code (MFT)

Master File Tax Code (MFT) The MFT reduces the numerous types of tax to a two digit code

4 years ago

Master File (MF)

Master File (MF) A magnetic tape record containing all information regarding the taxpayer’s filing of returns and related documents.

4 years ago

Master Control Record (MCR)

Master Control Record (MCR) This is basically the DLN and ABC identifier along with other block header information of a…

4 years ago

Mainframe

Mainframe Mainframe means large computer. Mainframes have faster processing speeds than smaller systems. The mainframe also houses the CPU.

4 years ago

Magnetic Tape (Mag Tape)

Magnetic Tape (Mag Tape) Magnetic tapes are made of flexible plastic with only one side coated with a magnetic recording…

4 years ago

Machine language

Machine language The language at its lowest level in binary form (001111100), into which data and programs must ultimately be…

4 years ago