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What payments are transferred usually electronically by a paying agent directly to the account of a recipient?
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Do 941 forms have to be filed electronically in 2011?
No. Most payments must be made electronically using EFTPS, but you may still file paper forms.
What are the uses of a debit card machine?
A Visa debit card machine allows one to take payments from Visa credit cards. They are used by businesses to receive payments from customers electronically.
What type of bank account does merchant processing use?
A merchant processing account is an account that allows a business to accept payment from credit and debit cards. This allows payments to be processed electronically.
What is the purpose of a W2 tax form?
To report, to both the employee and the government, the types and amounts of income, and the types and amounts of withholding and/or payments made on behalf of the recipient, for everyone's use.
Do you send a 1099 to your franchisor for royalties paid to them as a franchisee?
If your franchisor is a corporation, you do not send a 1099 for royalty payments.From: http://www.irs.gov/instructions/i1099msc/ar02.html#d0e644Exceptions. Some payments are not required to be reported on Form 1099-MISC, although they may be taxable to the recipient. Payments for which a Form 1099-MISC is not required include:Generally, payments to a corporation; but see Reportable payments to corporations on page 2Box 2. RoyaltiesEnter gross royalty payments of $10 or more before reduction for severance and other taxes that may have been withheld and paid. Use box 2 to report gross royalties (before reduction for fees, commissions, or expenses) paid by a publisher directly to an author or literary agent, unless the agent is a corporation.
When does wsib stop making pension payments?
WSIB (Workplace Safety and Insurance Board) pension payments typically stop upon the death of the pension recipient or in certain cases where the recipient is no longer eligible to receive benefits. It is best to contact WSIB directly to inquire about specific circumstances that may lead to the cessation of pension payments.
Do 941 forms have to be filed electronically in 2011?
No. Most payments must be made electronically using EFTPS, but you may still file paper forms.
Is Fuel assistance itaxable as income?
NO it is considered a federal grant and not part of taxable income. Usually payments are made directly to fuel suppliers, so the recipient never actually sees the money.
What is EOB and ERA?
An EOB is an Explanation of Benefits/payments, normally sent by the payer in paper format. An ERA is an electronic version of the traditional EOB. Instead of receiving a printed, paper explanation of payments and adjustments, an ERA arrives electronically and payment is sent separately or deposited directly into your practice's bank account.
What is paid out?
"Paid out" typically refers to the act of disbursing or distributing funds or payments to someone or something. It can refer to various situations where money is being transferred or given out, such as paying wages or salaries to employees, making payments to suppliers or vendors, or issuing refunds or reimbursements to customers. When funds are "paid out," it means that they are being released or distributed from a source to a recipient.
Pell grants come in the mail right?
No, Pell grants are typically not mailed directly to individuals. Instead, they are usually disbursed directly to the educational institution where the recipient is enrolled. The institution will then apply the funds towards the recipient's tuition and other qualified educational expenses before any remaining funds are provided to the student.
Can I put a lien on a car title I'm selling if the buyer is making payments to you?
You can if you listed yourself as the lien holder of the car at the time you transferred the title to the person making payments. If you did not do this at the time you transferred them the title, you can not legally do anything.
What are the advantages of banks using ACH payments?
Some of the advantages of banks using ACH would be that it is automatic and electronically handled. It makes your life easier. You will never have to worry about late payments and easy to keep track of the payments also.
What are the uses of a debit card machine?
A Visa debit card machine allows one to take payments from Visa credit cards. They are used by businesses to receive payments from customers electronically.
When will Medicare recipient's get the 250.00 cola?
Medicare is a health insurance program; it does not issue cash payments to beneficiaries.
If judgment says in lieu of spousal support are those payments considered taxable income?
No. However, if goods or real estate is recieved in lieu of spousal support, and the recipient then sells it, the recipient would then be responsible for any tax burden for the sale. Monetary spousal support payments recieved are not considered taxable income.
What is meant by payment term TT?
Payment term TT stands for Telegraphic Transfer, which is a method of payment where funds are transferred electronically from one bank account to another. TT payments are commonly used in international trade transactions as a secure and quick way to exchange funds.
