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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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 […]

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Samuel Read Hall’s Second Act

The beloved residence hall is enjoying a new life as the campus hub for STEM programming. It’s a transformation that the building’s namesake would have certainly approved …

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Celebrating Service to the Country “North of Boston”

More than 400 alumni and friends gathered on February 3, 2015, to celebrate former New Hampshire Governor John Lynch as the twenty-second recipient of the PSU Alumni Association’s Robert Frost Contemporary American Award. The event, held at the Radisson Hotel in Manchester, NH, featured special guests including the Plymouth State Chamber Singers, led by Professor […]