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Tax-tuition & fees
Posted: Sun Sep 13, 2015 10:10 pm
by peachekiehn
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?
Re: Tax-tuition & fees
Posted: Mon Sep 14, 2015 11:52 am
by Guest
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
Re: Tax-tuition & fees
Posted: Tue Sep 15, 2015 1:51 pm
by Guest
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.