ISP Taxing

General Discussion for SMART Scholarship Recipients
amta248

ISP Taxing

Post by amta248 »

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!

TheTaxManCometh

Re: ISP Taxing

Post by TheTaxManCometh »

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.

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