New documentation required for Gifts to Non-Employees

Feb. 18, 2015

New documentation required for Gifts to Non-Employees

Gifts to non OSU Employees may be taxable under IRS Regulations. CFAES has the responsibility to ensure that The Ohio State University reports significant gifts to the IRS. For all CFAES units if any gift is provided to an individual for a value of $250 or greater, then it needs to be reported to the appropriate Service Center (Columbus or Wooster) via a Non-Employee Gift Form  and the University’s Vendor Setup Form (Page 2 only)The Non-Employee Gift Form also contains a more detailed explanation and guidelines on what needs to be reported. 

Questions: Cindy Buxton