Tag Archives: Scholarship

Research Grants

Today TaxMama® hears from a couple of people in the TaxQuips Forum, with similar questions. The second one combines both person’s concerns. “My wife is a graduate student who received a few research grants this year. Some of them want to give the money directly to her instead of through the university, and have asked […]

Daughter and 1098T

Today TaxMama® hears from Sheba in the TaxQuips Forum, who needs guidance. “My daughter is a first year college student out of state. She has a partial loan, partial scholarship and grants. I don’t know what to do with the information from the 1098-T. I still claim her as a dependent and I pay part […]

Grant & Fellowship Income

Today TaxMama® hears from Mark in the TaxQuips Forum, who is bewildered. Let me summarize. “Mark received a post-doctoral fellowship that covered his salary to do research. It came with insurance and other employee benefits. The income was reported to him on a 1099-MISC. He paid taxes on the income. Two years later, the IRS […]

Tuition Assistance Programs

Today TaxMama hears from Mike in the TaxQuips Forum, with a terrific question. Mike says, “My employer has asked me to look into finding out what is necessary to create a Tuition Assistance Program.  I read through Pub 970, and all I could find was that I needed to have the agreement in writing. What […]

Scholarship Award

Today TaxMama hears from Betty who tells us. “I belong to a non profit organization that sponsors scholarships for student members. The board of this organization voted to give a “gift” (not scholarship) to two student members of the organization who have not achieved the 3.0 GPA required for scholarship awards. Can this gift be […]