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New York State Homes & Community Renewal Office of Fair Housing and Equal Opportunity Website: www.nyshcr.org Email: other nosher.org Contractors Name and Address: CUMULATIVE PAYMENT STATEMENT (Instructions
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What is cumulative payment statement?
Cumulative payment statement is a record of all payments made by an entity to a specific vendor or payee over a specific period of time.
Who is required to file cumulative payment statement?
Entities or individuals who have made payments to vendors or payees that meet a certain threshold set by the tax authorities are required to file a cumulative payment statement.
How to fill out cumulative payment statement?
The cumulative payment statement can be filled out electronically or manually, depending on the requirements of the tax authorities. The form typically requires information such as the vendor's name, address, tax identification number, and the total amount paid.
What is the purpose of cumulative payment statement?
The purpose of the cumulative payment statement is to provide a detailed record of payments made to vendors or payees for tax reporting and compliance purposes.
What information must be reported on cumulative payment statement?
The cumulative payment statement must report the vendor's name, tax identification number, address, and the total amount paid to the vendor during the specified period.
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