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Mayors PAD Agreement INSTRUCTIONS1. The Payee must retain this agreement for at least 12 months after the last PreAuthorized Debit (PAD) is issued. 2. The Payee can obtain the Transaction Type Code
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Form payee refers to a specific tax form that a payee may need to obtain for reporting income received from a payer.
Payees who receive payments that are subject to reporting, such as independent contractors and freelancers, are required to file the needed form.
To fill out the form, enter the payee's information such as name, address, and Social Security number, along with details of the payments received during the year.
The purpose of the form is to report income earned by the payee to the IRS and to ensure accurate tax liabilities are assessed.
The information required includes the payee's identification details, the payment amounts received, and the type of payments made.
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