Suppliers
An MIT supplier provides goods and services to MIT. See the Supplier menu at left for information specific to MIT suppliers.
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You searched for: supplier
Common Income Types (Suppliers)
Consulting/Honoraria/Guest Speaker Fees Service income, classified as independent contractor An honorarium is a voluntary payment, or something in value, given to a person in recognition of a special or distinguished service in an academic activity (e.g. a guest lecture, serving on a panel discussion) for which no fixed fee is set. An honorarium payment is made as a gesture to…
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Types of Tax Forms You May Submit to MIT (Suppliers)
The following forms may be submitted to MIT to adjust tax withholding amounts. Form 8233: Exemption from Withholding on Compensation for Independent (and Certain Dependent) Personal Services of a Nonresident Alien Individual Used by nonresident alien individuals to claim exemption from withholding on compensation for personal services because of an income tax treaty between the U.S. and a foreign country…
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Types of Tax Forms You May Receive from MIT (Suppliers)
Tax reporting documents (1042-S) are a record of payments received and your taxes paid in the prior calendar year. Payments of a particular income type (and from the same payment system) are aggregated in a single tax-reporting document, which is issued depending on: your U.S. tax residency status whether the income is considered U.S. or foreign-sourced the type of income…
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FAQs: Uniform Guidance Procurement Standards—Effective July 1, 2018
FAQs: Uniform Guidance Procurement Standards When is the new purchasing policy in effect? Uniform Guidance procurement standards went into effect on July 1, 2018. As a recipient of federal research funding, MIT must procure goods and services in compliance with the Office of Management and Budget ’s (OMB) Uniform Guidance. As sound guidance and practice, VPF is adopting this framework…
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VPF Essentials
VPF uses these key platforms to enable the MIT community to conduct business and perform financial functions throughout the Institute.
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Strategic Sourcing
The VPF Strategic Sourcing team proactively addresses MIT’s complex purchasing needs, by finding and sourcing the most appropriate suppliers of goods and services. This helps DLCs take a strategic approach when making purchasing decisions.
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Procurement Operations
Procurement Operations helps the MIT community buy the goods and services it needs to conduct the Institute’s business and serves as the community’s partner in the actual purchasing process.
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