Procedure: 601-Tax Reporting and Withholding on Non-Salary Payments
Date: 05/31/2002
Statement of Procedure:
In general, payments to an individual may be considered taxable income, subject to federal and/or state tax. The purpose of this policy is to discuss which types of non-salary income are taxable and which tax forms are used to report that income to the federal and state government and the individual.
Related Policy:
601-Tax Reporting and Withholding on Non-Salary Payments
Table of Contents:
- Federal and State Tax Reporting
- Federal Tax Withholding
- Refunds of Overwithholding
- Wisconsin Entertainer Tax
- Resolving Tax Issues Prior to Payment
- Appendix 1 -UW-Madison Interpretation/Definition of Entertainer
- Appendix 2 -Important Tax Information
Who should know this procedure?
Dean, Directors, and Staff who prepare non-salary payments
Related Documents:
1099-MISC/1042S Tax Reportable Transactions by Account Codes
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