Re: Payment of Stipends Shannon Fisher 21 Dec 2001 08:13 EST
Do you have a reference on the part about stipends not being compensation? Info that came to us regarding an IRS audit of a university indicated they viewed stipends as compensation. We didn't get the info straight from the IRS or their report or anything though, so maybe we misunderstood! Date sent: Thu, 20 Dec 2001 07:51:53 -0500 Send reply to: Research Administration Discussion List <xxxxxx@hrinet.org> From: "Wolterman, Ken (WOLTERK)" <xxxxxx@UCMAIL.UC.EDU> Subject: Re: [RESADM-L] Payment of Stipends To: xxxxxx@HRINET.ORG At the University of Cincinnati stipends can be processed both ways - payroll and aid. Since stipends are not compensation there is a push here to eliminate the processing of them via payroll system. Too many students think it's compensation and want to know where their W-2 is each year. As for the taxes I believe UC covers them for the student due to the administrative burden...another reason payroll wants to eliminate the processing of non-compensation stipends. -----Original Message----- From: Susan B. Burke [mailto:xxxxxx@GWU.EDU] Sent: Wednesday: December 12, 2001 2:30 PM To: xxxxxx@HRINET.ORG Subject: [RESADM-L] Payment of Stipends The question has been raised here as to whether stipends (when allowable and appropriate) should be paid through the payroll system or through accounts payable. I'd like to know how it is done elsewhere...and, if paid through accounts payable, is the income reported to the IRS? You may reply to me directly (xxxxxx@gwu.edu).... Thanks for your help. Susan -- Susan B. Burke Sponsored Research Information Specialist Office of Research Services The George Washington University 2121 I Street NW, Suite 601 Washington, DC 20052 Telephone: 202/994-9136 Facsimile: 202/994-9137 ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.hrinet.org (click on "Listserv Lists") ====================================================================== ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.hrinet.org (click on "Listserv Lists") ====================================================================== Shannon Fisher Assistant Controller Kansas State University Controller's Office Sponsored Projects Accounting 785-532-6207 xxxxxx@ksu.edu ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.hrinet.org (click on "Listserv Lists") ======================================================================