{"id":758,"date":"2013-05-10T20:39:47","date_gmt":"2013-05-10T20:39:47","guid":{"rendered":"https:\/\/wp.stolaf.edu\/finance\/st-olaf-college-northfield-mn-usa-19\/"},"modified":"2023-06-07T08:19:41","modified_gmt":"2023-06-07T13:19:41","slug":"nonemp","status":"publish","type":"page","link":"https:\/\/wp.stolaf.edu\/finance\/nonemp\/","title":{"rendered":"Non-Employee Compensation"},"content":{"rendered":"<div data-modular-content-collection><p>Internal Revenue Code Sec. 1.6041-1(a)(1)(i) requires us to report annually &#8220;salaries, wages, commissions, fees, and other forms of compensation for services rendered aggregating $600 or more&#8221; paid to non-employees on form 1099-MISC.<\/p>\n<p>The reporting regulations apply to payments made to speakers for honorariums, entertainers, and other professionals for services rendered. Payments for royalties and rents are also subject to the reporting requirements.<\/p>\n<p>Whenever you contract for services obtain the following information:<\/p>\n<ul>\n<li><b>name (as it will appear on their tax return), <\/b><\/li>\n<li><b>taxpayer identification number (social security number or employer identification number) and <\/b><\/li>\n<li><b>complete mailing address. <\/b><\/li>\n<\/ul>\n<p>Prior to engaging an individual as an &#8220;independent contractor&#8221; who will provide ongoing services, the Payroll Office must review the agreement. An <a href=\"https:\/\/wp.stolaf.edu\/finance\/files\/2019\/12\/IC-Checklist.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Independent Contractor Checklist<\/a> must be completed and provided to the Payroll Office.<\/p>\n<p>Payment cannot be made until this information has been submitted to Accounts Payable. You may use the <a href=\"https:\/\/wp.stolaf.edu\/finance\/files\/2019\/07\/fw9.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">W-9<\/a>\u00a0form to assist you in obtaining the appropriate information. The information may be obtained by phone (signatures are not required).<\/p>\n<p>If you are contracting with individuals from a foreign country please have the individual complete the <a href=\"https:\/\/forms.gle\/u9imW5ivuNq9qQWn9\" target=\"_blank\" rel=\"noopener noreferrer\">International Visitor Questionnaire<\/a> and contact the Payroll Office for detailed instructions.<\/p>\n<p><!-- begin-migrated-from-panel-builder --><!-- end-migrated-from-panel-builder --><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Internal Revenue Code Sec. 1.6041-1(a)(1)(i) requires us to report annually &#8220;salaries, wages, commissions, fees, and other forms of compensation for services rendered aggregating $600 or more&#8221; paid to non-employees on [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-758","page","type-page","status-publish","hentry"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/wp.stolaf.edu\/finance\/wp-json\/wp\/v2\/pages\/758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wp.stolaf.edu\/finance\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/wp.stolaf.edu\/finance\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/wp.stolaf.edu\/finance\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.stolaf.edu\/finance\/wp-json\/wp\/v2\/comments?post=758"}],"version-history":[{"count":7,"href":"https:\/\/wp.stolaf.edu\/finance\/wp-json\/wp\/v2\/pages\/758\/revisions"}],"predecessor-version":[{"id":6379,"href":"https:\/\/wp.stolaf.edu\/finance\/wp-json\/wp\/v2\/pages\/758\/revisions\/6379"}],"wp:attachment":[{"href":"https:\/\/wp.stolaf.edu\/finance\/wp-json\/wp\/v2\/media?parent=758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}