Tax-tuition & fees

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Re: Tax-tuition & fees

by Guest » Tue Sep 15, 2015 1:51 pm

peachekiehn wrote:The IRS website says that scholarships that require "future services" are taxable (so the funds SMART pays to the school). Anyone know anything about this?
Your school will give you a tax form at the end of the year, use it directly. SMART will send you a 1099, use it directly. The end.

Re: Tax-tuition & fees

by Guest » Mon Sep 14, 2015 11:52 am

Few things
1. The tax situation has been discussed in several threads before
2. I don't recall hearing this argument before
3. Stipends to US citizens do not have to be reported to the IRS by SMART

Tax-tuition & fees

by peachekiehn » Sun Sep 13, 2015 10:10 pm

The IRS website says that scholarships that require "future services" are taxable (so the funds SMART pays to the school). Anyone know anything about this?

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