Additional Requirements
Individuals who visit the United States and receive an honorarium or stipend for services performed in the U.S. may be treated as having taxable income by the U.S. Internal Revenue Service (IRS). This applies to payments such as honoraria, stipends, and royalties, depending on the individual’s tax residency, visa status, and the nature of the income.
MGIC is responsible for withholding, remitting, and reporting all required U.S. income taxes in accordance with IRS rules governing Withholding Agents.
