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Article #247

Re: taxes

#247
From: Douglas Chang
Date: Thu, 18 May 1995 00:00
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In response to Jose's note today, I tried a similar argument the past couple
of years.

When I talked to the IRS office here in San Diego, and with the university's
student fellowship and grants officer, it was determined that my stipend
is taxable.  I argued that it was a loan, and that other people around
the country have received refunds on their MSTP stipends from the IRS.

They said that it is a grey area, and it is subject to the local whims of
each IRS office around the country.

They felt however that the MSTP stipend is only a loan, if you default on
the agreement and payback the money you received.

If you don't default on the program, the money is not considered a loan.  It
is a stipend and therefore taxable.



-doug
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From: Douglas Chang <dchang@SDCC3.UCSD.EDU>
Subject: Re: taxes
Date: 1995/05/18
Message-ID: <9505181545.AA14523@sdcc3.UCSD.EDU>
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approved: NETNEWS@AUVM.AMERICAN.EDU                              *
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