ClinCard's Tax Toolkit supports research sites and sponsors in remaining IRS Tax compliant while maintaining confidentiality and privacy.
Tax Toolkit Features
- TIN validation
- Automatic withholding of a portion of taxable payments when TIN is unavailable or invalid
- Payment classification as taxable or tax exempt
- Configuration flexibility (i.e. withholding percent, thresholds, approach)
- 1099 and taxable payments reporting