Scholarships, Stipends, Fellowships, Honoraria: Essential 1099 and 1042-S Reporting and Tax Withholding Compliance

October 20, 2022 | 2.00PM EST | USA

Scholarships_Stipends
Does your institution make payments through Accounts Payable to students, instructors, researchers and academic visitors?  Internal procedures might identify a payment as a stipend or honorarium, fellowship, grant or scholarship – but what these have in common in tax compliance is a set of specific regulatory requirements which will determine whether payments are subject to tax withholding and the filing of a Form 1099 or 1042-S to the IRS.  This presentation will address the primary rules for these payments; when they must be treated as wages; when non-wage tax withholding is required; whether they’re subject to reporting on Form 1099 or Form 1042-S; and when no reporting at all is required.
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Spotlight

Jussi Leskinen, Senior Security Consultant from F-Secure visited Future Digital Finance Forum and told us about security in digital finance, especially Open Banking and what is TIBER (Threat Intelligence Based Ethical Red Teaming).

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Register Now

Spotlight

Jussi Leskinen, Senior Security Consultant from F-Secure visited Future Digital Finance Forum and told us about security in digital finance, especially Open Banking and what is TIBER (Threat Intelligence Based Ethical Red Teaming).

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