General Ledger File A file within RACS which posts journal entries to specific accounts and keeps balances of those accounts by month or fiscal year.
Tag: TERM
Gendata
Gendata Records that are generated for every type of transaction input through realtime processing that affect information on one or more of the data bases. These records are used for control and balancing.
Front-End Processor
Front-End Processor The Front-End Processor is also referred to as the Data Communication Processing System (DCPS) or the “Traffic Cop”. The equipment directs your command code terminal entry to a file (data base) where you may research or make changes.
Freeze Code
Freeze Code This could be on Master File or on AIMS AIMS—The code indicating that certain types of updates and closing actions will be prevented until the restriction (freeze code) is removed. Refer to Section 12 Master File—A freeze places a taxpayer’s account in a condition which requires additional action before the account can be… Continue reading Freeze Code
Fiscal Year
Fiscal Year A twelve month accounting period.
Fiscal Year Filer
Fiscal Year Filer Taxpayer whose fiscal or filing year ends in a month other than December.
File Year
File Year The 14th digit of the DLN will show the calendar year the document was numbered.
File Source
File Source A one digit code which follows the Taxpayer Identification Number (TIN) The common values are: Blank: valid SSN or EIN V: valid SSN on BMF D: Temporary TIN P: valid EPMF EIN N: NMF *: invalid SSN on IMF W: invalid SSN on BMF
File
File A file is a collection of related records. However, unlike a data base, the file does not have to be organized. Normally files are not accessible unless you use a realtime program to organize the data for you.
Federal Tax Deposit (FTD)
Federal Tax Deposit (FTD) Until December 31, 2010 under the Federal Tax Deposit System, a taxpayer did not make payments to the Internal Revenue Service. Instead, taxpayers would deposit payments with a Federal Reserve Bank (FRB) or an authorized commercial bank. The taxpayer used an FTD form supplied by IRS in a coupon booklet format.… Continue reading Federal Tax Deposit (FTD)