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 […]
Category Archives: Grants
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 […]
Today TaxMama hears from John in the TaxQuips Forum, who wants to employ students.“ The business I work for is very small.https://pinnacle.berea.edu/wp-content/languages/new/dissertation-abstracts-online.html It is a nonprofit educational facility, and we are swamped with work, without financial leverage to hire additional staff. I want to recommend the hiring of interns at a fair hourly wage. I am […]