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California's Protection & Advocacy SystemLump Sum Payments and SSI Eligibility October 2017, Pub. #5604.01 Note: This publication contains general information only. Everyone's situation is different.
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Lump sum payments are a one-time payment of money or a single payment for an entire amount.
Individuals or businesses who make lump sum payments are required to file.
Lump sum payments can be filled out by providing details of the payer, recipient, amount, and purpose of the payment.
The purpose of lump sum payments is to provide a single payment for a specific purpose or to settle a debt.
The information that must be reported on lump sum payments includes the amount, payer, recipient, and purpose of the payment.
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