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posted May 31, 2019 5:38:04 PM

How to claim an honorarium

I received a $200 honorarium for a phone interview about my role in coordinating care for cancer patients.  I did not receive any tax forms to declare this but have a check stub with the company name and address.  How do I declare this?

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1 Best answer
Alumni
May 31, 2019 5:38:06 PM

The State Controller of North Carolina has an excellent summary of honoraria. To summarize it:

  1. honorariums paid to, for example, give a speech where no continuing relationship is made are miscellaneous income not subject to self-employment taxes.
  2. Honorariums paid in a continuing situation such as a guest lecturer to teach a course such as done by an Adjunct Professor are wages and should be treated as such by the payer.
  3. Honorariums in extremely rare instances may be a gift where a speech is made with no expectation whatsoever for payment, but payment is made.

 

The most common type (miscellaneous income) is reported in  as follows:

  • Under the wages and income tab select "Explore On My Own", and
  • at the bottom under "Less Common Income"  select Miscellaneous Income, then
  • select Reportable Income, then
  • Select "Yes" and, in the next screen, describe the income.


1 Replies
Alumni
May 31, 2019 5:38:06 PM

The State Controller of North Carolina has an excellent summary of honoraria. To summarize it:

  1. honorariums paid to, for example, give a speech where no continuing relationship is made are miscellaneous income not subject to self-employment taxes.
  2. Honorariums paid in a continuing situation such as a guest lecturer to teach a course such as done by an Adjunct Professor are wages and should be treated as such by the payer.
  3. Honorariums in extremely rare instances may be a gift where a speech is made with no expectation whatsoever for payment, but payment is made.

 

The most common type (miscellaneous income) is reported in  as follows:

  • Under the wages and income tab select "Explore On My Own", and
  • at the bottom under "Less Common Income"  select Miscellaneous Income, then
  • select Reportable Income, then
  • Select "Yes" and, in the next screen, describe the income.