The IRS has issued a Technical Advice Memorandum (TAM) that may have a significant impact on income tax reporting for royalty payments received by faculty inventors. CU provides a Form 1099 each year to faculty receiving these payments.
TTO letter to inventors, 2002 (pdf)
CPA summary of TAM, March, 2003 (pdf)
Copy of TAM 200249002 (pdf)
IRS web site for TAM 200249002 (pdf)
Faculty/Staff/Student Investigators