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Board of Governors of the Federal Reserve System Y6 OMB Number 71000297 Approval expires December 31, 2015, Page 1of2(Q Annual Report of Holding Companies FR Y6Report at the close of business as of
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Q py stands for Quarterly Payment.
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Businesses or individuals who are required to make quarterly tax payments.
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The purpose of q py is to ensure that taxpayers are paying their taxes throughout the year rather than in one lump sum at the end of the year.
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Taxpayers must report their income and calculate their quarterly tax payment based on their earnings.
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