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  3. What are the tax requirements surrounding prizes and award payments to employees?
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  2. Taxes
  3. What are the tax requirements surrounding prizes and award payments to employees?

What are the tax requirements surrounding prizes and award payments to employees?

Prize and award payments to employees must be reported to University Payroll for proper tax treatment. For additional information,  please review the  University Controller’s Office Guideline and Procedures for Taxation of Gifts, Prizes, and Awards.

Updated on March 30, 2022

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