SBAD TREAS 310 MISC PAY (2024)

FAQs

What is Sbad Treas 310 misc pay on my bank statement? ›

The SBAD TREAS 310 Misc payment is the “advance” to the EIDL and it's a grant or subvention. The EIDL will be the total loan that you will have to pay in a 30 years period and it will be deposited within 2 to 3 weeks upon receiving the “grant”.

'IRS Treas 310' is a code that identifies a direct deposit from the U.S. Department of the Treasury, typically signifying a tax refund from your recently filed U.S. tax return.

Your balance sheet should balance without including that loan in the asset section. The loan is not taxable and is not reported as income on form 1065. In fact, the account entry when you received the loan is Debit Cash at bank and Credit Loans.

A refund from a filed tax return, including an amended tax return or an IRS tax adjustment to your tax account – this will show as being from the IRS (“IRS TREAS 310”) and carry the code “TAX REF.”

Sometimes, tax returns contain errors or mistakes that lead to an incorrect tax liability calculation. If you later discover that you've paid more taxes than you should have due to a filing mistake, the IRS may issue a refund to rectify the error. These refunds are typically labeled as IRS Treas 310.

An economic impact payment (or EIP or stimulus payment) will show as “IRS TREAS 310” and have a code of “TAXEIP3.” A refund from a filed tax return, including an amended tax return or an IRS tax adjustment, will show as “IRS TREAS 310” with a description of “TAX REF.”

From ssa. govAccording to my web search, SSA TREAS 310 XXSOC SEC is a code for a deposit from the Social Security Administration (SSA)1.It could be a regular payment or a special payment for retirement, disability, or other benefits2.

SACRAMENTO, Calif. — Some people received refund checks from the IRS even though they were told they owed them money. Is it simply just a nice surprise or a mistake? One tax expert says it could be the result of an error in completing the return, so the IRS corrected it and sent a refund.

Q. Are ACH transfers over $10,000 reported to the IRS? Usually, anybody in a trade or perhaps a business who gets over $10k in a single payment and a cash payment will need to complete Form 8300, which reports to the IRS. However, an ACH transfer is not seen as a cash payment.

Borrowers can register and make their payments on the MySBA Loan Portal. The MySBA Loan Portal allows borrowers to: Make one-time or recurring payments towards your SBA loan. Cancel recurring payments created on Pay.gov.

Why did I get a direct deposit from SSA Treas 310 XXSOC Sec? ›

From ssa. govAccording to my web search, SSA TREAS 310 XXSOC SEC is a code for a deposit from the Social Security Administration (SSA)1.It could be a regular payment or a special payment for retirement, disability, or other benefits2.

Following a declared catastrophe, the SBA directly funds an SBAD loan. The Small Business Administration (SBA) makes low-interest, long-term loans to companies, nonprofit organizations, homeowners, and renters. SBA disaster aid is the only SBA initiative that offers borrowers direct loans.

View loan balance and make payments

Create an account in the MySBA Loan Portal (lending.sba.gov) to monitor your loan status or to make payments. You are responsible for your COVID-19 EIDL monthly payment obligation beginning 30 months from the disbursement date shown on the top of the front page of your Original Note.