Stipends

[AJoseph24]

We paid $1000 each in stipends to medical fellows for the year 2021-2022 in the year 2023 on behalf of the Parent Hospital that our company resides in.  When processing a  1099 for these fellows, should that be listed under 1099-Misc other payments?

[ThomasM125 · Accepted solution]

If the payments were not for teaching, research or other services rendered as a condition of receiving the stipend, you can report them on the Form 1099-MISC in Box 3 Other Payments. Otherwise, they should be reported on a W-2. 

[AJoseph24]

Also, I forgot to mention that these fellows are not employees so they cannot get a W-2.  They are research medical student fellows. Also, my company is being reimbursed 100% for paying these stipends to the fellows by the affiliated hospital. The stipend is for them to use for supplies, lab coats, books, I-pads or whatever to use while working here. Should we be sending the 1099 or the Hospital that is reimbursing us for the stipend payments 1099 these fellows?

[RobertB4444]

You need to issue the 1099-MISC with the amount in box 3 to all of the fellows.

The hospital should be sending a 1099 to YOU.

@AJoseph24