Due to changes in the Internal Revenue Service regulations, Loyola University Maryland disbursements must obtain additional tax related information from all individuals or entities (independent contractors) before they can be paid for services provided to the University.
The tax information required differs depending upon the official status of the person or entity.
Payments to U.S. Persons or Entities
A "U.S. person or entity" means a citizen or resident of the United States (including green card holders, or alien residents of the U.S. that qualify under the 183 day "substantial presence test"), and domestic partnerships, limited liability companies or corporations created or organized in the U.S. or under the laws of the United States. First-time vendors to the University must complete the Vendor Information Form, which should be submitted to the disbursements office along with the Payment for Services Request Form.
If you should require further assistance for payments to U.S. persons or entities, please contact Karen Albert at 410-617-1357 or email@example.com.
Payments to Non-U.S. Persons or Entities
If the independent contractor is a non-U.S. person or entity (non-resident alien), any payment that is made for services rendered in the United States is subject to a 30% withholding tax. The independent contractor can avoid this withholding by 1) indicating on each invoice that none of the services were performed in the U.S. or 2) providing the University with appropriate documentation as shown in the Foreign National Information Form. In come cases, withholding is required regardless of documentation. Such situations are indicated on the chart with an asterisk. Submit the completed IRS form along with the Payment for Services Request form to the disbursements office.
Form more information on the test used to determine resident alien or non-resident alien status see IRS Publication 519, U.S. Tax Guide for Aliens.
Learn more about U.S. Tax Treaties.
If you should require further assistance for payments to non-U.S. persons or entities, please contact Karen Albert at 410-617-1357 or firstname.lastname@example.org.