ISP Taxing

General Discussion for SMART Scholarship Recipients

ISP Taxing

Postby amta248 » Tue Apr 17, 2018 1:47 pm

Does anyone know if we have to pay taxes on our ISPs? I am assuming we do, I was just hoping someone could confirm or deny that. Thanks!
amta248
 

Re: ISP Taxing

Postby TheTaxManCometh » Tue Apr 17, 2018 5:25 pm

amta248 wrote:Does anyone know if we have to pay taxes on our ISPs? I am assuming we do, I was just hoping someone could confirm or deny that. Thanks!


Yes. They are reported on the 1099-MISC, along with the stipend, book allowance, and health insurance allowance.
TheTaxManCometh
 


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