What does a miscellaneous payment mean?
What does a miscellaneous payment mean? Miscellaneous Payments means the total of (a) adjustment payments and transfer deposit amounts deposited in collected accounts on the related distribution date, and (b) unallocated principal collections on such distribution date available to be treated as miscellaneous payments.
Why did I get a miscellaneous payment?
Misc pay, also known as miscellaneous pay, is any payment received apart from the standard contracted payment received. The Internal Revenue Service classifies misc pay to include rents, prizes, awards, healthcare payments, and payments to attorneys.
What is an example of a miscellaneous payment?
If you rent a physical location for your business and don't pay a real estate agent or property manager, the payments are considered miscellaneous. Also include machine and pasture rentals as miscellaneous information.