Search found 7 matches

by clobber
Sat Jul 03, 2021 12:46 am
Forum: General Questions and the Application
Topic: Choosing a SF for Mechanical Engineer?
Replies: 1
Views: 1665

Choosing a SF for Mechanical Engineer?

Can anyone recommend a Sponsoring Facility for a Mechanical Engineer? The list is dautning.
by clobber
Fri Apr 30, 2021 6:57 pm
Forum: Recipients
Topic: Transfer/Switch Schools?
Replies: 1
Views: 1450

Transfer/Switch Schools?

After accepting the award, can you switch schools as a transfer student?
by clobber
Sat Apr 17, 2021 11:05 pm
Forum: Recipients
Topic: Official IRS direction on Fellowship Taxes (NOT SE income)
Replies: 27
Views: 25696

Re: Official IRS direction on Fellowship Taxes (NOT SE income)

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'...
by clobber
Tue Apr 13, 2021 8:13 am
Forum: Recipients
Topic: Official IRS direction on Fellowship Taxes (NOT SE income)
Replies: 27
Views: 25696

Re: Official IRS direction on Fellowship Taxes (NOT SE income)

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 ...
by clobber
Tue Apr 13, 2021 7:08 am
Forum: Recipients
Topic: Recommended Tax Professional
Replies: 3
Views: 2136

Re: Recommended Tax Professional

Yes please, how much did it cost?
by clobber
Tue Apr 13, 2021 2:22 am
Forum: Recipients
Topic: Anyone Have Details for the 2020 1099?
Replies: 3
Views: 1815

Re: Anyone Have Details for the 2020 1099?

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
by clobber
Wed Apr 07, 2021 8:19 am
Forum: Recipients
Topic: Anyone Have Details for the 2020 1099?
Replies: 3
Views: 1815

Anyone Have Details for the 2020 1099?

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, ...