This part of the book serves as a comprehensive resource for understanding tax-related responsibilities and compliance requirements associated with engaging independent contractors at Indiana University.

Review this section for common taxable scenarios that arise in the course of contracting services and for clear guidance on how to determine if an individual is an employee or independent contractor. A central focus is placed on the importance of accurate information reporting and proper record retention to ensure compliance with IRS regulations and university policy. Whether a unit is initiating a new contract or managing ongoing vendor relationships, this guide will help clarify the unit’s role in maintaining tax compliance and safeguarding institutional information.

Policies

Review the below policy related to taxable scenarios regarding independent contractors:

• FIN-ACC-630: Independent Contractor versus Employee Status Determination

Standards

Review the below standards related to taxable scenarios regarding independent contractors:

• TSOPs
• UCO-TAX-7.00: Independent Contractor: Determination of Employee or Independent Contractor Status

Checklists

There are no checklists related to this portion of the book at this time. Please check back in the future!

TRAINING MATERIALS

There are no training materials related to this portion of the book at this time. Please check back in the future!

OTHER RELATED MATERIALS

Review the below other materials related to taxable scenarios regarding independent contractors:

• Reference Document: 1099-Misc Information 
• Reference Document: Form 1042-S Information
• Reference Document: Approved Statement of Work (SOW) Examples
• Form: Form W-9
• Form: Independent Contractor Questionnaire (ICQ)
• Template: Statement of Work (SOW) Template

IU Financial system reports and procedures

There are no IU financial system reports and procedures related to this portion of the book at this time. Please check back in the future!