Award/Prize Tax Data Collection

When offering an award/prize from a drawing with a business purpose, the award/prize is considered taxable to the recipient (regardless of the amount) and may require reporting to the IRS by the University. To facilitate this process, an Award/Prize Tax Data Collection Form will need to be filled out before giving the prize to the recipient. This applies when distributing awards or prizes through a drawing not related to Employee Recognition. The recipient maybe an employee, student, or other affiliate.

Form

Award/Prize Tax Data Collection Information