An award is given to recognize an individual for a specific achievement or for the quality of work done. Awards may be given to employees and non-employees.
Awards given to Students: If an award is being given to a student for achievement, performance, or competition based on academic criteria, please refer to Payments to Students.
Policy 505 - "Employee Gifts and Awards" provides specific guidelines on the type of gifts or awards that can be given to employees. See Policy 505
Awards in the form of cash (including gift certificates) are taxable to the employee. Employees will receive the full award amount. Payroll taxes will be withheld from the employee's next paycheck.
Non-USU Employee Award
The University complies with IRS regulations by reporting payments, including awards, that total $600 or greater over the span of a calendar year on Form 1099-MISC.
Required Information and Documentation to Process the Direct Pay:
- The name and A# of the recipient of the award.
- For a new recipient (non-employee) please fax a completed W-9 to 435-797-1089.
- Recipient's home mailing address.
- For all employees a completed Taxable Gifts and Awards Form.
- Description and name of award.
- Use account code 714600
(Click on the link below to log into EZ-Buy for the Direct Pay Form)