What does MSB stand for?

MSB: Most Significant Byte (multiple byte sequences) MSB: Michael Stanley Band: MSB: Money ...

What is a money transmitter and MSB?

Money transmitter. In the legal code of the United States, a money transmitter or money transfer service is a business entity that provides money transfer services or payment instruments. Money transmitters in the US are part of a larger group of entities called money service businesses or MSBs. Under federal law, 18 USC § 1960, businesses are ...

Can an individual be considered a MSB?

Can an individual be considered an MSB? For example: we have a customer who cashes checks for his friends, some in amounts greater than $1,000.00, but this person does not operate a business. Answer: Yes, an individual that cashes checks for persons for greater than $1,000 in a single day is an MSB and would have to register as such. There is ...

Why do I owe money to MSB?

You owe because you added more income. And the withholding on the new W2 wasn't enough to cover the tax. Or some credits you got are reduced because you made more income.