Posts Tagged ‘gross income’

Do Competitions Need To Withhold Taxes On An Artist’s Prize Money?

Wednesday, June 6th, 2012

By Robyn Guilliams We hold a piano competition where artists, some from abroad, pay their own way to come here to compete.  If they win any prize money, do we need to withhold taxes? For artists who are nonresidents of the U.S., I’m afraid you are required to withhold taxes! The general rule is that […]

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