There may be
additional requirements to participate in a clinical
research study. These will be outlined when you call
to sign up for a study or when you attend the clinic
Some clinics require you to live
within a certain distance of their clinic.
This is usually to ensure that the volunteers will
be close enough to get to the clinic and reduce
cancellations and no shows. If you are coming
from out of town, it is best to ask if they have any
restrictions and if an out of state ID will be
Identification and Taxes:
All clinics require proper
identification and a social security number.
Some clinics will accept an ITIN
(Individual Taxpayer Identification Number) for
eligible foreign visitors with a valid passport.
This policy varies from clinic to clinic so be sure
to ask if this will be an issue.
All clinics are required to report to
the IRS any volunteer who has been paid more than
$600 in a tax year. You will receive a 1099 at
the end of the year and will need to report this on
your tax return. Because you are not
considered an employee of the clinic, TAXES ARE NOT
deducted from any study compensation check you
receive. You should be making quarterly tax
payments which will reduce or eliminate any taxes
you would owe at the end of the year.
Otherwise, you may have a large tax burden.
If you derive the majority of your
income from research studies, you will be required
by the IRS to file a Schedule C for self employment.
This is because when you do a study, Social Security
and Medicare is not deducted. Filing the
Schedule C and Self Employment pays your Social
Security and Medicare. Failure to pay your
Social Security and Medicare can vastly affect your
benefits when you retire (from work, not studies). Consult a tax preparer for details. Every tax
situation is different.
Part 1 - General
Part 2 - In-Depth Look
Part 3 - Additional
About Clinical Research