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Introduction
Accounts Payable
...
enrolls Foreign and Domestic vendors into our payment system.
We are responsible for filing 1099-MISC & 1099-NEC tax forms to each individual or business to whom the University 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)
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