Tax Revenue Accrual Adjustment - Estate and Gift
Definition
This account is used to record the amount of accrual adjustment related to estate and gift tax collected from individuals on the excess of a predetermined amount received from an estate or a gift resulting from the U.S. Federal Government's sovereign power to tax and reported by initial collectors or U.S. Federal Government custodians (for example, the Internal Revenue Service (IRS)). Initial collectors should record the Federal/Non- Federal Code attribute domain value "N."
Source: Section II ·
p1sec2-acctdef-2026.pdf
Required attributes & legal values
12For each attribute this account reports, these are the only domain values GTAS will accept for this account (Section IV).
Begin/End
BulkFile attribute
E
Debit/Credit
BulkFile attribute
D
C
Cust/Noncust
BulkFile attribute
A
S
Exch/Nonexch
BulkFile attribute
T
Fed/Nonfed
BulkFile attribute
G
N
Trading Partner
BulkFile attribute
###
Trading Partner Main
BulkFile attribute
####
Fund Type
TAS attribute
CF
DF
EC
EG
EM
EP
ER
ES
ET
GA
TR
UG
US
UT
Reporting Type Code
TAS attribute
E
F
U
Financing Account Code
TAS attribute
D
G
N
TAS Status
TAS attribute
U
E
Trans Code
TAS attribute
X
K
N
Transactions
4
C402
To record an accrual of revenue reported on the Statement of Custodial Activity or on the custodial footnote that is collected by an agency to be deposited directly into a General Fund Receipt Account. In addition, to record administrative fees earned for administering a nonfiduciary deposit fund.
Credit · Proprietary entry C422 To record accrued revenue from federal or non-federal sources for non-revolving trust funds and special funds.
Credit · Proprietary entry D586 To reclassify tax revenue from accrued to collected.
Debit · Proprietary entry F336 To record the closing of revenue, expense, and other financing source accounts to cumulative results of operations.
Debit · Proprietary entry
Credit · Proprietary entry C422 To record accrued revenue from federal or non-federal sources for non-revolving trust funds and special funds.
Credit · Proprietary entry D586 To reclassify tax revenue from accrued to collected.
Debit · Proprietary entry F336 To record the closing of revenue, expense, and other financing source accounts to cumulative results of operations.
Debit · Proprietary entry
Statement crosswalks
6
V
Balance Sheet · line 42.1
Cumulative results of operations - Funds from Dedicated Collections (Note 21) V Balance Sheet · line 42.2
Cumulative results of operations - Funds from other than Dedicated Collections V Statement of Changes in Net Position · line 15
Nonexchange revenue (Note 35) V Statement of Custodial Activity · line 9
Accrual Adjustments (+/-) VI Reclassified Statement of Operations & Changes in Net Position · line 5.6
Estate and gift taxes VI Reclassified Statement of Operations & Changes in Net Position · line 6.6
Other taxes and receipts (RC 45) - Footnote 1
Cumulative results of operations - Funds from Dedicated Collections (Note 21) V Balance Sheet · line 42.2
Cumulative results of operations - Funds from other than Dedicated Collections V Statement of Changes in Net Position · line 15
Nonexchange revenue (Note 35) V Statement of Custodial Activity · line 9
Accrual Adjustments (+/-) VI Reclassified Statement of Operations & Changes in Net Position · line 5.6
Estate and gift taxes VI Reclassified Statement of Operations & Changes in Net Position · line 6.6
Other taxes and receipts (RC 45) - Footnote 1