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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Closing the Gap

When Emily Russell ’15CAGS started teaching 16 years ago, she quickly realized that academics were taking a backseat to her students’ social and emotional needs.

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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 […]

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In Good Hands

No one would question Athletic Director John Clark ’71, ’73G if he said he was ready to retire after serving PSU for more than four decades …