Re: 1099 reporting for stipend payments in the form of gift cards Lesley Zajac 07 Apr 2010 08:54 EST
Couldn't you look at the gift card as a reimbursement for the expenses the study participants incur as part of their participation in the project (gas, parking, child care, lost wages) rather than a payment for services. Especially if you sent them gas cards Lesley S. Zajac Director, Research Administration Jaeb Center for Health Research 15310 Amberly Drive, Ste 350 Tampa, FL 33647 Tel: 813.975.8690 Fax: 813.975.8761 email: xxxxxx@jaeb.org -----Original Message----- From: Research Administration List [mailto:xxxxxx@hrinet.org] On Behalf Of Claassen, Kurt, J Sent: Wednesday, April 07, 2010 9:39 AM To: xxxxxx@hrinet.org Subject: Re: [RESADM-L] 1099 reporting for stipend payments in the form of gift cards This would be for current year reporting. The problem is that there was a bad process in place prior to me coming to CMH and many of our studies purchase bulk gift cards to give to study participants in place of cash or check stipend payments. CMH Accounting tends to agree that we shouldn't be involved with gift cards as it gets very messy. However, we do think that all forms of stipend payment (check, cash and gift card) need to be captured to ensure that any one participant is above or below the $600 1099 limit. Thank you for your thoughts on this, most of Accounting agrees we need to get out of the "gift card business" and use check cards, cash or checks. Thank you. Kurt -----Original Message----- From: Research Administration List [mailto:xxxxxx@hrinet.org] On Behalf Of Cappellucci, James E. Sent: Tuesday, April 06, 2010 8:21 PM To: xxxxxx@hrinet.org Subject: Re: [RESADM-L] 1099 reporting for stipend payments in the form of gift cards My opinion is that they are gifts, as I am sure the subjects were expecting. It sounds like your institution blew it here and should them gifts, as I am sure the subjects were expecting. if these are for the 2009 year,then you are late in getting the 1099s out. If this is for the current year, then your institution is ok and should not pay in gift cards. Give the participants cash. ________________________________ From: Research Administration List on behalf of Claassen, Kurt, J Sent: Tue 4/6/2010 6:05 PM To: xxxxxx@hrinet.org Subject: [RESADM-L] 1099 reporting for stipend payments in the form of gift cards Hi, I would like to know if any institution has a process in place or what the policy is for 1099 reporting for stipend payments made in the form of gift cards. Specifically our institution is a regional site for 27 centers. Each center receives gift cards to give out to subjects at their sites. However, the gift cards are originally purchased by our hospital. I am curious if any other institution has a policy for tracking gift cards and how or if they are reported for 1099 purposes and do you issue a 1099 in instances where a sub-recipient is receiving multiple quantities of gift cards. Thank you. Kurt Claassen Kurt Claassen Children's Mercy Hospital Manager, Research and Grants Accounting 2401 Gillham Road Kansas City, MO 64108 816-701-1306 Office 816-701-1340 Fax Physical Address 2405 Grand, Room 1454 Kansas City, Missouri 64108 ====================================================================== 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") ====================================================================== The information in this e-mail is intended only for the person to whom it is addressed. If you believe this e-mail was sent to you in error and the e-mail contains patient information, please contact the Partners Compliance HelpLine at http://www.partners.org/complianceline . If the e-mail was sent to you in error but does not contain patient information, please contact the sender and properly dispose of the e-mail. ====================================================================== 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") ====================================================================== ====================================================================== 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") ======================================================================