Policy: 601-Tax Reporting and Withholding on Non-Salary Payments
Date: 01/29/04
Statement of Policy:
The University of Wisconsin System will report taxable payments to the IRS, Wisconsin Department of Revenue, and the individual receiving the payment and withhold federal or state income taxes from payments as required by Federal and State laws. Also, the University of Wisconsin will require social security numbers or Individual Taxpayer Identification Numbers (ITINs) for non-resident aliens as required by Federal law.
Related Procedure(s):
601-Tax Reporting and Withholding on Non-Salary Payments
Who should know this policy?
Dean, Directors, and Staff who prepare non-salary payments
Related Documents:
1099-MISC/1042S Tax Reportable Transactions by Account Codes
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