Stipends

Forum|Forum|2 years ago
January 18, 2024
3 replies
48 views

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?

Best answer by ThomasM125

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.

ThomasM125Answer

Level 15

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AJoseph24Author

Level 2

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?