The Unofficial SMART Scholarship Forum

Can anyone recommend a Sponsoring Facility for a Mechanical Engineer? The list is dautning.

After accepting the award, can you switch schools as a transfer student?

Two questions as I'm trying to finalize how this will look. 1) Does the 1099-MISC issued by SMART include the tuition payment made to the school? 2) Does the 1098-T issued by the university included the SMART tuition payment in Box 5? According to the 1098-T instructions I think it should be, but I'...

At the end of the day, SMART has filed a 1099 to the IRS, so it's a 1099. You just need to make sure you file your taxes correctly and don't pay self-employment income. Agreed that SMART payments are not subject to self-employment tax. What about kiddie tax? From what I can tell, the 1099-Misc Box ...

Yes please, how much did it cost?

Thank you for the reply.

Can you tell me where, "they make it very clear you are not being compensated for services rendered??"

Thanks again

I've been studying this forum for the tax implications of the SMART scholarship including the possible kiddie tax. It looks like there is a new 1099-MISC starting in 2020 that has the normal "box 3." Anything that used to be reported in "box 7" is now on a different form, the 1099-NEC. 1) For 2020, ...