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Introduction

Seattle Pacific University has partnered with Paymerang to provide streamlined payment processing to its U.S. vendors. Payments will be primarily issued via Paymerang as the preferred route of issuing, confirming, and reconciling vendor payments.

Introduction

Accounts Payable establishes protocols of enrollment for both Foreign and Domestic vendors into our payment system.

• Independent Contractors. Reviews and approves the enrollment of contractors who render services for the University.

• 1099 Misc. Tax Forms. Oversight and compliance for non-employees who receive payment from the University.

• W-8: The W-8 form is required for foreign nationals or foreign vendors providing goods or services to WSU.

  • For individuals, complete W-8 BEN.

  • For businesses, complete W-8 BEN-E.

  • W-8 ECI

  • W-8 EXP

Note: A W-9 may not be required if a vendor has an existing relationship or WSU ID#.  If there is a change in business name or business type we will require an updated W-9.

1099-MISC & 1099-NEC TAX REPORTING

WSU is required to file the 1099-MISC & 1099-NEC tax form to each individual or business to whom WSU has paid $600 or more, in reportable payments, during the tax year.

Below is a list of common 1099-MISC & 1099-NEC reportable payments per the IRS:

• Rents

• Services from nonemployees

• Prizes and awards

• Medical and healthcare payments

• Payments to an attorney

• Royalties (at least $10 in royalties)