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L II M II T TE ED D PP U UR RC CH HA A SS E C CH HE EC CK KP O S I T I V E PAY Purpose: Report checks to the bank as they are issued by the buying departments. (An issue is a check that is prepared
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What is l ii m?
L ii m stands for Labor Income and Investment Management.
Who is required to file l ii m?
Employers and individuals with income from investments are required to file l ii m.
How to fill out l ii m?
L ii m can be filled out online through the designated government portal or in person at a tax office.
What is the purpose of l ii m?
The purpose of l ii m is to accurately report and track labor income and investment earnings for tax purposes.
What information must be reported on l ii m?
Information such as income from employment, dividends, interest, capital gains, and rental income must be reported on l ii m.
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