Search28 Results

The University is required to file an Exempt Organization Business Income Tax Return (Form 990-T) with the Internal Revenue Service reporting any unrelated business income generated by the activities of its academic and support units.

The University is required to file an Exempt Organization Business Income Tax Return (Form 990-T) with the Internal Revenue Service reporting any unrelated business income generated by the activities of its academic and support units.

The sales tax for admission charges is required by N.C. General Statutes.

Sales taxes must be collected on admission charges to entertainment events and remitted to the N.C. Department of Revenue.

North Carolina sales taxes on sales of tangible personal property are collected by a campus unit and remitted to the NC Department of Revenue (NCDOR) by University Accounting Services.

North Carolina General Statute 105-164 Article 5, "North Carolina Sales and Use Tax Act," requires The University of North Carolina at Chapel Hill ("University") to collect sales taxes on all sales of tangible personal property. This applies to all University colleges, departments and units that sell tangible personal property.

The University is required by North Carolina law to withhold state income tax at the rate of four (4) percent on non-wage compensation paid to nonresident individuals and businesses for personal services rendered within North Carolina unless certain criteria are met.

Payments for personal services may be processed in one of three ways.

The purpose of this document is to describe the procedure on paying an Independent Contractor.

When a non-resident alien is compensated for services performed in the United States other than wages, then they are classified as an Independent Contractor.

The determination of the correct classification of worker as employee or independent contractor is significant to the University.

The purpose of this policy is to provide information and instruction regarding tax compliance for payments to foreign national independent contractors performing services in the United States.

Returns of materials or equipment acquired with a purchase order require authorization from the vendor and documentation in the purchase order system to receive credit for the return. Returns of items acquired through Campus Voucher, P-Card or eProcurement are handled by the department placing the order.

Complete purchase order records need to be retained, including changes resulting in returns to vendors or credits.

This Procedure is intended to help facilitate a quicker process for campus departments to engage with Community Collaborators as part of community outreach and to gather community feedback. Community Collaborators are a special category of Independent Contractors.