Download Research Corporationof the University of Hawai‘i2.012 Requirements When Paying Foreign PersonsI. Definition of Foreign PersonsForeign persons include the following:A. Nonresident alien individuals (individuals who are not U.S. citizens, permanent resident aliens, or resident aliens; a resident of a foreign country under the residence article of an income tax treaty is a nonresident alien individual … Continue reading “2.012 Requirements When Paying Foreign Persons”

Download Research Corporationof the University of Hawai‘i2.007 Tax Treatment of Compensation (Services, Rents, and Royalties)This policy addresses the tax treatment of compensation (compensatory payments) paid to individuals and entities for services, rents, and royalties. Payments for related business expenses are addressed in Policy 2.008 Tax Treatment of Business Expenses (Service-Related).This policy does not apply to … Continue reading “2.007 Tax Treatment of Compensation (Services, Rents, and Royalties)”

Download Tax Treatment of Compensation (Services, Rents, and Royalties) Decision TreeThis decision tree provides a summary of the tax reporting and withholding requirements for compensation paid for services, rents, and royalties. RCUH Policy 2.007 Tax Treatment of Compensation (Services, Rents, and Royalties), provides more detailed guidance and, therefore, must be read in conjunction with this … Continue reading “Tax Treatment of Compensation (Services, Rents, and Royalties) Decision Tree”

Download Research Corporationof the University of Hawai‘i2.301 Vendor Records I. Overview of PolicyAll RCUH procurement and payment actions require the selection of an existing vendor record or the creation of a new vendor record. Vendor record information must be accurate and actively maintained for the proper procurement, payment, and federal tax reporting actions to be … Continue reading “2.301 Vendor Records”

Download Research Corporationof the University of Hawai‘i2.006 Tax Treatment of Non-Service Financial Assistance for IndividualsI. Overview of PolicyThis policy addresses the tax treatment of financial assistance provided to/for individuals who are not required to perform services in exchange for the financial assistance they receive. This policy does not apply to regular RCUH employees.Non-service financial assistance … Continue reading “2.006 Tax Treatment of Non-Service Financial Assistance for Individuals”

FOR INDIVIDUALS Program Name Street Address City, State, Zip/Postal Code Date Name Street Address City, State, Zip/Postal Code Country Dear Insert Name: The United States Internal Revenue Service (IRS) requires the Research Corporation of the University of Hawaii (RCUH) to report the payment(s) made to you as a foreign person on an IRS Form 1042-S. … Continue reading “Sample Letters Requesting ITIN or EIN”

Download FOR INDIVIDUALSProgram NameStreet AddressCity, State, Zip/Postal Code Date NameStreet AddressCity, State, Zip/Postal CodeCountry Dear Insert Name: The United States Internal Revenue Service (IRS) requires the Research Corporation of the University of Hawaii (RCUH) to report the payment(s) made to you as a foreign person on an IRS Form 1042-S. Include a copy of the … Continue reading “Sample Letters Requesting ITIN or EIN”

Download FOR INDIVIDUALSProgram NameStreet AddressCity, State, Zip/Postal Code Date NameStreet AddressCity, State, Zip/Postal CodeCountry Dear Insert Name: The United States Internal Revenue Service (IRS) requires the Research Corporation of the University of Hawaii (RCUH) to report the payment(s) made to you as a foreign person on an IRS Form 1042-S. Include a copy of the … Continue reading “Sample Letters Requesting ITIN or EIN”

Download Research Corporationof the University of Hawai‘i2.011 Requirements When Paying U.S. PersonsI. DefinitionsUnited States (U.S.) persons include the following:A. Citizens, permanent resident aliens, and resident aliens of the United States.B. Foreign persons who are married to U.S. citizens and elect to be treated as a U.S. citizen for tax purposes.C. Partnerships created or organized in … Continue reading “2.011 Requirements When Paying U.S. Persons”