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

Example Image

PEOPLE FIRST: The Presidency of Sara Jayne Steen

In her introductory remarks for her first Faculty Day on August 23, 2006, President Steen said, “PSU’s future is something we’ll shape together.” What follows are just some of the many initiatives launched and nurtured during her presidency, as told by the people who worked with her to shape them.

Example Image

Generous Nature

To honor her mother’s memory, Shaughn Bolton established a scholarship to support environmental science and policy students—tomorrow’s environmental leaders.

Example Image

Ut Prosim: Burton for Certain

Ray Burton ’62 lived all his years in the North Country of New Hampshire. Few elected officials have ever understood the lifestyle and character of their constituents as well as he did or have known so many of them by name. On December 14, 2013, hundreds of Burton’s fellow citizens joined dozens of past and […]