Tax

Vanderbilt must report certain types of payments for services, rents, etc. to the IRS annually via Forms 1099 and 1096. Vanderbilt must also report this information to the recipients of the payments by sending a Form 1099 which includes the total of all applicable payments for the preceding calendar year. Read More

IRS W-8 and W-9 forms are no longer used solely for the purpose of reporting taxable income. New Internal Revenue Service (IRS) guidelines regarding the Foreign Account Tax Compliance Act (FATCA) went into effect July 1, 2014. FATCA requires payors such as Vanderbilt University to: Have procedures in place to… Read More

Vanderbilt University is an exempt organization under 501 (c) (3) of the internal revenue code, i.e., Vanderbilt University is not required to pay Federal income tax on income related to its exempt purposes including its primary mission activities of education, research, and patient care. However, the University may engage in… Read More

Tennessee Sales and Use Taxes Vanderbilt University is exempt from Tennessee sales tax for its purchases. However, the University is not exempt from charging, collecting and remitting Tennessee sales taxes on its sales of tangible property and certain services. University departments are responsible for the collection of sales taxes and… Read More

State Sales Tax Exemptions Vanderbilt University is exempt from sales tax on purchases being shipped to and being used or consumed in furtherance of Vanderbilt’s exempt mission in the states listed in the State Sales Tax Exemption Listing. For all questions regarding Sales… Read More