| Payment Add - Non-Qualified
Lump Sum |
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The Non-Qualified Lump Sum Payment consists
of the following pages:
- Payment Distribution Type
- Payment & Taxability
- Deductions
- Disbursement Instructions
- Tax Withholding
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| Before You Begin: |
- From the left menu, under Payment, click Add.
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To Add a Non-Qualified Lump Sum Payment:
- Select a Distribution Type.
- Click Next.
The Payment & Taxability page appears.
- Enter information in appropriate fields. Note
Payable Date defaults to next business day.
- From the bottom of the page, click Deductions.
- Enter Deduction and Amount if needed.
- From the bottom of the page, click Disbursement Instructions.
The Disbursement Instructions page appears.
- Enter the following information if needed.
- Alternate Payment Address
- Special Handling Instructions
- Electronic Transfer Information
- From the bottom of the page, click Withholding.
The Tax Withholding page appears.
- Enter Tax Withholding information.
- Click Save.
Message appears indicating a successful save.
To Add a Non-Cash ONLY Payment:
- Select a Distribution Type.
- Click Next.
The Payment & Taxability page appears.
- Enter appropriate information in fields. Note
Payable Date defaults to next business day.
Under Non-Cash, enter:
- Taxable Stock Distribution (Distribution Type 12)
- Cost of Group Life Insurance (Distribution Type 12)
- US Taxable Income, No Exemption (Distribution Type 21)
- US Taxable Income, Exemption Code 2 (Distribution Type 21)
- US Taxable Income, Exemption Code 4 (Distribution Type 21)
- US Taxable Income, Exemption Code 3 (Distribution Type 21)
- Taxable (Distribution Type 23)
- Non-taxable (Distribution Type 23)
- Net Unrealized Appreciation (Distribution Type 23)
- From the bottom of the page, click Withholding.
The Tax Withholding page appears.
- Enter Tax Withholding information.
- Click Save.
Message appears indicating a successful save.
To discontinue adding a payment:
- From the left menu, click any option before saving payment.
