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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Remembering Gene Savage ’58

On May 14, 2012, New Hampshire lost a gifted educator, respected leader, and devoted friend. From his earliest days in education as a high school teacher, coach, and director of guidance, through his post as director of admissions at the University of New Hampshire, and later through his various administrative positions within the University System […]

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Faculty Forum: Brian Eisenhauer on Shrinking Our Environmental Impact

In his roles as professor, scholar, researcher, mentor, and campus leader, Brian Eisenhauer is at the center of Plymouth State’s sustainability and climate neutrality efforts. Under his leadership, Plymouth State has been consistently recognized as a leader in environmental sustainability and is regularly included in The Princeton Review’s Guide to Green Colleges, a compilation of […]

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Faculty Forum: Irene Cucina

Professor Irene Cucina has been teaching in the Department of Health and Human Performance since 1998. Prior to coming to Plymouth State, she had a rewarding career as a high school health and physical education teacher and coach in Newton, MA. Her commitment to students and learning has been recognized by her peers through a […]