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Article #247Re: taxes
From: Douglas Chang
Date: Thu, 18 May 1995 00:00
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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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 1028bb,24ab0be88b4756a8 X-Google-Attributes: gid1028bb,public From: Douglas Chang <dchang@SDCC3.UCSD.EDU> Subject: Re: taxes Date: 1995/05/18 Message-ID: <9505181545.AA14523@sdcc3.UCSD.EDU> X-Deja-AN: 102890065 sender: Dual Degree Programs Discussion List <MDPHD-L@UBVM.CC.BUFFALO.EDU> approved: NETNEWS@AUVM.AMERICAN.EDU * comments: ******************************************************** newsgroups: bit.listserv.mdphd-l