Other Taxable Types of Income

All payments for services rendered made to non-corporate entities including rents and royalties must be reported to the IRS (via form 1099 Misc.) if the payment(s) total $600 or more.

  • Royalty Payments: report gross amount (prior to severance and other taxes which may have been withheld or paid).
  • Prizes and Awards: report prizes, awards, or any other fixed and determinable payments that arenot for services rendered.
  • Non-employee Compensation: report non-employee compensation to include fees, commissions, prizes and awards, or other forms of compensation for services rendered for your trade or business by an individual who is not an employee.

With these types of payments, basic W-4 taxation information is required before a check can be issued. Information needed is your name, home address (not work or school), and social security number.


In Plymouth Magazine

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Building a First-Year Class

PSU’s overwhelming success with enrollment for the 2015–16 academic year was the result of focused multi-year investments in admissions, marketing, academic and co-curricular programs, and new and repurposed facilities.

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And Justice for All

Alisha Medeiros ’15 wants to help troubled youth make better choices and live fulfilling lives. This desire, influenced by a family tragedy, led her to pursue a career in criminal justice.

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Honoring the Past with a Gift for the Future

Together, Kappa brothers celebrate the good times and help each other in times of need. “The friendships with Brothers of Kappa have stayed with me and so many others for all these years,” says Dana Nelson ’69, one of the fraternity’s founding brothers. “This relationship will stay with us the rest of our lives.” To […]