Master File- An IRS File which consists of a series of runs, data records and files that are in production with links to many of the other IRS systems. All businesses and individuals have an IRS Master File. Master Files receive individual or business tax submissions in electronic format, process them through a pre-posting phase, post the transactions, analyze the transactions and produce output in the form of Refund data, Notice data, Reports, and information feeds to other entities.
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Courtoons THE BOOK is here!
3 years ago
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