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., presenter fees) are not considered royalty payments. Direct Pay 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 Direct Pay:
- The name and A# of the vendor or person being paid.
- For new suppliers please fax a completed W-9 from the vendor to 435-797-1089.
- The home mailing address of the vendor or person.
- Use account code 712501
(Click on the link below to log into EZ-Buy for the Direct Pay Form)