Were we supposed to pay taxes?

General Discussion for SMART Scholarship Recipients

Were we supposed to pay taxes?

Postby HOrobOD » Sun Aug 04, 2019 11:53 am

So I ran into another SMART intern at my SF a few weeks ago and she told me that we weren't supposed to pay taxes this year. She told me that another intern she knew had paid taxes and got a refund. I payed nearly 3k in taxes this year, so if I wasn't supposed to, I would really like to know.

Does anyone else know if this is true?
HOrobOD
 
Posts: 8
Joined: Sat Feb 10, 2018 6:45 pm

Re: Were we supposed to pay taxes?

Postby JDetwiler » Sun Aug 04, 2019 12:21 pm

I've heard a number of various things about this and am wondering how they're filing taxes too. I paid quite a bit using the instructions for being an independent contractor, so I'm wondering how people are getting refunds when we don't have taxes taken out to begin with.
I'm a Phase 1 recipient graduating Dec. 2019 with degrees in Computer Science and Math from Virginia Tech. I've been with SMART since May 2017, and Dahlgren is my SF.

Don't walk, run away from SMART (see my first post on this forum).
JDetwiler
 
Posts: 21
Joined: Sat Jul 06, 2019 7:41 pm

Re: Were we supposed to pay taxes?

Postby kbl2017 » Thu Aug 08, 2019 11:08 pm

*not an accountant and am not completely accursed te on my %s* There is no rule either way. You can pay quarterly to make smaller payments 4 times a year instead of one big one. I personally did not pay any taxes ahead of time. You risk the possibility of a late fee by not doing so, but if they come after me for that in a year and a half so be it, it'd be something like 5% which makes a big difference in much higher income than ours . It's also scholarship income, you are independent contractors who are not self employed thus you shouldn't be paying any self employment income as this is in exchange for going to school not for doing work. I'd rather have underpaid them and owed more than over paid them and not gotten it back.
kbl2017
 
Posts: 331
Joined: Mon May 15, 2017 10:48 pm


Return to Recipients

Who is online

Users browsing this forum: No registered users and 1 guest

Welcome. The Unofficial SMART Scholarship Forum is fully supported through this banner add. In the past, I have relied on this income to pay for all hosting and domain charges, but it has only covered half of my expenses in recent years. If this is the first time you are seeing a banner here, it is because an adblocker has prevented it from appearing (I don't blame you). If you have found this forum valuable, I would appreciate it if you consider supporting its upkeep.

Thank you for being a part of this community.

-Chris