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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¡Bienvenidos a Cuba!

PSU professor and her students discover the challenges and joys of visiting Cuba » Political science professor Filiz Otucu Ruhm always dreamed of going to Cuba. In fact, she planned on visiting the island more than a decade ago. “The social scientist in me wanted to observe Castro’s Cuba, then go back after Castro, and […]

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Round the Track

It’s been a long 30 years for supporters of Plymouth State’s track and field program, but the wait is finally over. For the first time since 1985, PSU’s track team hosted a meet December 12 at the new ALLWell North facility, which features an NCAA regulation 200-meter track, long- and high-jump pits, pole vault, and a weight area. For […]

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Mary Lyon: Stunning at a Century

Mary Lyon Hall, the beloved grande dame of the Plymouth State campus, is celebrating her centennial this year. Over the past century, she’s been renovated, remodeled, updated, and made energy efficient, all while retaining her stately elegance. More than a campus icon, Mary Lyon has been home to generations of students, many of whom have […]