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RETIREE ADULT CHILD HEALTH BENEFITS ELIGIBLE OPEN ENROLLMENT DEADLINE: MARCH 13, 2020, BENEFITS EFFECTIVE: APRIL 1, 2020, DECEMBER 31, 2020 ***I M P O R T A N T N O T I C E*** Dear Retiree:At this
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i m p o refers to the income and payment information reporting obligations that certain organizations or individuals must fulfill regarding their financial transactions.
Organizations and individuals who make payments or receive income that meets the reporting thresholds are required to file i m p o.
To fill out i m p o, you need to gather the necessary financial data, complete the required forms with accurate information, and submit them to the appropriate tax authority.
The purpose of i m p o is to ensure that income and payments are accurately reported for taxation purposes, thereby preventing tax evasion.
The information that must be reported includes the name, address, tax identification number of the payer and payee, as well as the amount of income or payment.
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