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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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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That She May Serve

Elizabeth Morrissette ’18 selected as New Hampshire’s Miss University 2015 Elizabeth Morrissette ’18 stood on the stage at her first Miss New Hampshire pageant, trying to keep her knees from knocking. “I was definitely nervous—I’d only had a week to prepare and I wasn’t really sure what to expect—but at the same time I felt […]

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Hope for Hypertension

Jennifer DuPont ’08 is investigating what triggers high blood pressure as we age Sixty-seven million Americans have it. Nearly a thousand people die from it each day. And in just one year, it can cost the nation more than $40 million. Hypertension, or high blood pressure, takes a tremendous toll on our country, both in […]