(Revised 06/01/04 ML #2928)
Interest amounts received in any amount less than $49.99 for the reporting year per recipient will be excluded. This translates into accounts generally less than $500 when applying the interest rate of 5%. If the information is within the tolerance level, it will automatically show on tracking screen as being correct. The eligibility worker will not be required to take action on those individuals; however, the eligibility worker should review those alerts to determine whether possible fraudulent activities exist for non-reporting. If the UFO information is greater than the tolerance level, the worker must work the IEVS alert.
Also, the following data elements will be excluded:
State/Local Tax Refund
Discharge of Indebtedness
Stocks and Bonds
Unemployment Compensation (for in-state payees only)