W-9 Forms and 1099 Tax Reporting Guidelines
Description: This document outlines Roanoke College’s responsibilities for collecting vendor tax information and issuing IRS Form 1099 for qualifying payments. It emphasizes the need for a completed Form W-9 before any payment is made, details reportable payment types, and warns of penalties for noncompliance, including backup withholding and risks to the College’s tax-exempt status. Payments must be processed via vendor check to ensure proper IRS reporting.
Applies To: Staff, Faculty, Employees, Contractors
Security Status: Public
Download PDF