User's Manual - Drake Software

Drake Software User’s Manual
EA
“E” ack
EF
EFIN
EFT
EFTPS
EFW
EIC, EITC
EIN
ERC
ERD
ERO
ETA
ETC
ETD
ETIN
F
FMS
HOH
IRC
IRS
Enrolled Agent
IRS acknowledgment for an imperfect return
Electronic Filing
Electronic Filer’s Identification Number
Electronic Funds Transfer. The process through which direct deposit refunds are transmitted
from the government to the taxpayer’s account at a financial institution.
Electronic Federal Tax Payment System. A free service from the U.S. Treasury
through which federal taxes may be paid via the Internet, by phone, or through a service
provider.
Electronic Funds Withdrawal. A payment method which allows taxpayers to authorize
the U.S. Treasury to electronically withdrawal funds from their checking or savings
accounts. Also known as “direct debit.”
Earned Income Credit, Earned Income Tax Credit. A refundable individual income tax
credit for certain persons who work.
Employer Identification Number
Electronic Refund Check (bank product)
Electronic Refund Deposit (bank product)
Electronic Return Originator. An authorized IRS e-file provider that originates the
electronic submission of returns to the IRS.
Electronic Tax Administration. The office within the IRS with management oversight
of the IRS’ electronic commerce initiatives.
Electronic Training Center. Drake’s online training center featuring tax courses, tutorials,
and practice returns.
Electronically Transmitted Documents
Electronic Transmitter Identification Number. An ID number assigned by the IRS to a
participant in the e-file program.
Federal code; generally a drop list at the top of an applicable screen.
Financial Management Service. The agency of the Department of the Treasury
through which payments to and from the government, such as direct deposits of
refunds, are processed.
Head of Household
Internal Revenue Code
Internal Revenue Service
D-2 Tax Year 2012