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Form 1042-T Birmingham Alabama: What You Should Know

This is part of . 10990-A — Student Accounts Receivable 10990-C — Student Accounts Credits — (credit card balances) This form is for students who have outstanding balance from the previous billing cycle for any of the following items:  Credit Card Account Accounts charged using non-University billing address Any item of student accounts receivable must be reviewed at your campus billing office and paid immediately and must be removed from the outstanding  balance when completed, so they do not go into an extended payment. This form also includes a 1099-MISC form for payment and will  be sent directly to the University. 10990-E — Student Accounts Receivable — (credit card balances for any of the items above which have reached 0) Any items of student accounts receivable must be reviewed at your campus billing office and paid immediately and must be  removed from the outstanding balance when completed, so they do not go into an extended payment. This form also includes a 1099-MISC form for payment.  You can obtain one of the forms below: 10990 — Student Accounts Receivable — (Credit card balances charged using an unauthorized billing address) Student Accounts Receivable: Student accounts may have an overdraft charge of 5 plus an account interest rate of  16% on balances which carry an interest rate of 15% or over (including balances with a 15-year fixed rate, but which may be renewed annually and which have a  zero or negative balance) Student accounts receive an overdraft charge of 5 plus an account interest rate of 16% when credit card and/or account is charged for an item charged using the  University billing address Student accounts receive an overdraft charge of 20 plus an account interest rate of 17%, when credit card and/or account is charged for an item charged using the University billing address or to student accounts  associated with an expired account. Credit card purchases will generally incur an overdraft charge and may not be credited or refunded, after the  amount of the student account exceeds the account balance.

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