Payment of Honoraria

POLICY STATEMENT

An honorarium payment is a gratuitous payment to a lecturer or a professional person outside the University community (not a University faculty or staff member) as an expression of thanks.  It is taxable income and is reportable to the Internal Revenue Service if the sum of annual payment(s) to the vendor exceeds $600 annually.

REASON FOR THE POLICY

To govern University honoraria payments.

PRIMARY GUIDANCE TO WHICH THIS POLICY RESPONDS

This policy primarily responds to the guidance of the IRS, which governs the taxation of payments to both US and foreign nationals.

RESPONSIBLE UNIVERSITY OFFICE

Accounts Payable Department

REVISION HISTORY

WHO IS GOVERNED BY THIS POLICY

This policy governs the payment of honoraria.  All University personnel who process honoraria payments or who manage employees who process these payments are governed by this policy. 

WHO SHOULD KNOW THIS POLICY

It is the responsibility of all University personnel who process honoraria payments to know this policy.  Additionally, Accounts Payable staff who process these payments should know this policy.

EXCLUSIONS AND SPECIAL CONSIDERATIONS

Not applicable

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