INVENTORY
Products or items used in a SELF-EMPLOYMENT business which can be identified as related to a particular sale or service; raw materials or parts which become part of an item for sale; or items purchased for resale. Also see CAPITAL ASSET and CAPITAL EXPENDITURE in 0002.09 (Glossary: Calendar Month...), SUPPLIES in 0002.65 (Glossary: Suitable...).

IRA
Individual Retirement Account. A savings account recognized by the Internal Revenue Service as being for retirement purposes.

IRCA
See IMMIGRATION REFORM AND CONTROL ACT in 0002.31 (Glossary: Honoraria...).

IRREGULAR INCOME
Income the county agency and the unit do not anticipate. For more information about specific program provisions, see 0017.15.12 (Infrequent, Irregular Income).

IRREVOCABLE TRUST
A TRUST which allows neither the person originating the trust nor the beneficiary to change the provisions of the trust.

IRTS
See INTENSIVE RESIDENTIAL TREATMENT SERVICES in 0002.33 (Glossary: Independent…).

ISSUANCE CYCLE
The length of time between issuing benefits.

IV-D AGENCY
An agency responsible for CHILD SUPPORT enforcement.

IV-D UNIT
A unit within a COUNTY AGENCY that is responsible for establishing PATERNITY and collecting CHILD SUPPORT according to TITLE IV-D of the Social Security Act.

IV-E ADOPTION
Adoptions that are subsidized under Title IV-E of the Social Security Act.

JOB CORPS
A Workforce Innovation and Opportunity Act (WIOA) program providing education and training to people ages 16 to 24.

JOB SEARCH
MFIP, DWP : A component developed with the CLIENT by the EMPLOYMENT SERVICES provider.

SNAP: A SNAP E&T component included in a SNAP client's EMPLOYABILITY DEVELOPMENT PLAN.

JOB SERVICE
An office within the Minnesota Department of Employment and Economic Development with branches throughout the state helping people find employment.

JOINT OWNERSHIP
Two or more people owning the same piece of property. Each joint owner has rights to the entire property, including the right to survivorship. Also see MULTIPLE OWNERSHIP in 0002.43 (Glossary: Money...), TENANTS-IN-COMMON in 0002.65 (Glossary: Suitable...).

KEOGH PLAN
A savings account recognized by the Internal Revenue Service for the retirement of self-employed people.

KNOWN TO THE AGENCY
SNAP: Information about a unit’s circumstances that a county agency receives from the unit or discovers from sources such as BENDEX, SDX, MEC2, Child Support information through the MAXIS/PRISM system, NEW HIRE reports, and matches such as UNVI, BEER, and UBEN.

For more information, see 0002.11 (Glossary: Child Care...), 0002.31 (Glossary: Honoraria...), 0007.15.03 (Unscheduled Reporting of Changes - SNAP), 0008 (Changes in Circumstances), 0008.06.01 (Implementing Changes - Program Provisions).

For the purposes of this determination, the county agency includes the Minnesota Department of Human Services and the county human service agency(s) responsible for the administration of the cash, food, and health care programs. It also includes any agency(s) that contracts with the Human Service agency for the delivery of financial, health care, child care programs, and employment services.

LAG QUARTERS
Current year work quarters and the year preceding it which may not appear in the work quarter history because of the employer report, or the self-employment tax return has not been processed by the Social Security Administration (SSA). The number of lag quarters could be up to 7 quarters depending on when a request for work quarter history is processed. See 0010.18.15.06 (Verifying Social Security Credits).

LAWFUL PERMANENT RESIDENT (LPR)
An IMMIGRANT legally admitted to the United States under the United States Immigration and Nationality Act on a permanent basis. See 0011.03.12 (Non-Citizens - Lawful Permanent Residents).

LAWFUL TEMPORARY RESIDENT (LTR)
An IMMIGRANT legally admitted to the United States under the United States Immigration and Nationality Act on a temporary basis. See 0011.03.24 (Non-Citizens - Lawfully Residing People).

LAYETTE
Clothing and equipment for a new baby.