ROYALTY PAYMENTS

 

Royalty payments are those paid for the right to use intangible property, such as books and other literary compositions, copyrights, trade names, and trademarks. Payments for an author's services (e.g., speaker fees) are not considered royalty payments. Check request forms are the appropriate payment form to make royalty payments even if the payee is an employee of the University.

The University complies with IRS regulations by reporting royalty payments of $10 or greater to any person during a calendar year on Form 1099-MISC.

Required information to process the check request:

  1. The name and A# or SSN of the employee being paid.
  2. The home mailing address of the employee.
  3. Use account code 712501

Note: If a department has several people to pay using the same index, attach a page that lists the payees' names, A#s or SSNs, and home mailing addresses.

(Click on the line below to link to form)

Royalty Payment Check Request Form

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