Payee Information Form (PIF)
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Purpose of Form:
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To correctly classify an Independent Contractor as an Individual, Sole Proprietor, Partnership, or Corporation. This will aid the Accounting Office in processing accurate IRS Forms at the end of the calendar year.
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To correctly classify an Independent Contractor as a Citizen, a Nonresident Alien, or a Lawful Permanent Resident; which will aid the Accounting Office in determining whether to withhold incomes taxes when making payments to each.
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Notes:
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Invididuals and Sole Proprietors should provide a copy of their Social Security Card with this form. A payment before the tax exemption effective date may be processed, however, federal income tax will be withheld at a rate of 30%.
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Partnerships must provide an Employer Identification Number and must also identify itself as a Texas Corporation, Professional Association, Professional Corporation, Out-of-State Corporation, Government Entity, State Agency or University, Financial Institution, Foreign Business, or Other.
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Please note that Accounts Payable will not process any Voucher payments without a Payee Information Form on file.