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

The Best Job Perk Ever

 An Interview with Donald Hall ■ Diane Jeffrey ’97, Director of the Silver Center for the Arts When I tell people that I am director of PSU’s Silver Center for the Arts, they often say “That sounds like fun!” Not only do I confirm their suspicions, I often tell them about the fascinating people I […]

Example Image

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 […]

Example Image

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.