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L&S Royalty Payment Processing

In this document, the L&S business office provides information for the benefit of L&S departments, programs, faculty and staff concerning payment processing for payment of intellectual property(such as royaties). L&S follows UW-Madison policy and procedure, which adopts the IRS policy definition of a "royalty" as something paid to obtain iintellectual property, or to use intellectual property or rights to such property.

The IRS classifies the following expenditure terms similarly: Royalty, Patents, Licensing, Copyrights, Rights, Tradenames, Trademarks, Inellectual, Permissions. 

Please use the following link on the UW Accounting Services web site and scroll down to Royalties Payments (Tax Withholding and Reporting)

Royalty Payments (Tax Withholding and Reporting)

Keywords:Royalty, patents, licensing, copyrights, rights, trade names, trademarks, intellectual, permissions   Doc ID:56557
Owner:Matt M.Group:L&S Administrative Gateway
Created:2015-09-18 14:02 CDTUpdated:2019-11-25 10:05 CDT
Sites:L&S Administrative Gateway
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