Accounting Terminology


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Reconciliation
Verification of financial transactions
Resident Alien
To be classified as a resident alien, the individual must meet one of two tests:

1. Green Card Test


A non-resident alien is a lawful permanent resident of the U.S. at any time if they have been given the privilege, according to the immigration laws, of residing permanently as an immigrant. This status usually exists if the Bureau of Citizenship and Immigration Services has issued a green card.



2. Substantial Presence Test


A non-resident alien is classified as a resident alien for tax purposes if they were physically present in the U.S. for 31 days during the current year and 183 days during a three-year period that includes the current year and the two years immediately before that.

Revenue Fund
Profit Centers in the 111xxxx thru 140xxxx series.