There are an enormous number of side gigs that could help you earn a little extra cash each month. Whether you want to drive ...

These guidelines address types of payments made to students, including scholarships, fellowships, stipends, prizes and awards, compensation for services, and reimbursements. Additionally, this ...

When processing an IEEE award, it would be a good idea to notify the award recipient that his or her award will be taxable income unless he or she requests ... to individuals paid amounts representing ...

Please be aware that prize money payments will be reported to the IRS as reportable income and are subject to federal, state, and local income tax. Since no taxes are being withheld by USATF, you may ...

Make the interim policy revision permanent to specify that State, UB Foundation, and Research Foundation funds may not be used to purchase alcohol intended to be used as a gift, prize, or award ...

Powerball numbers are on many people's minds since the jackpot soared again (it stood at $1.326 billion for the April 6 winning ticket) following another recent Powerball lottery jackpot prize of ...

All awards, prizes, and/or gifts given by RIT are taxable to the recipient ... A 1042-S document will be issued at year-end to summarize the amount of miscellaneous income that is being reported to ...

Despite the odds of winning the massive prizes being about one in 292.2 million ... they would be subject to federal income tax at the top tax rate, which is 37%. (So after the 24% off the ...