C chef Senior Member 15+ Year Member 20+ Year Member Joined Nov 6, 2001 Messages 1,004 Reaction score 1 Jan 23, 2003 #1 Members do not see this ad. i heard you dont receive W2 forms. do u all file/pay taxes? is there anyone who doesn't?
Members do not see this ad. i heard you dont receive W2 forms. do u all file/pay taxes? is there anyone who doesn't?
D DarkChild Senior Member 15+ Year Member 20+ Year Member Joined Jan 28, 2002 Messages 727 Reaction score 2 Jan 23, 2003 #2 great question and the almight google shows that: a) taxes usually arent withheld from paychecks b) you need to pay the g-man quarterly estimated taxes because if you have over a $1K tax annual tax liability the IRS penalizes you http://bret.mc.vanderbilt.edu/mstp/html/frame_wel.htm http://www.med.umich.edu/medschool/mstp/about/FellowsGuidebook.pdf
great question and the almight google shows that: a) taxes usually arent withheld from paychecks b) you need to pay the g-man quarterly estimated taxes because if you have over a $1K tax annual tax liability the IRS penalizes you http://bret.mc.vanderbilt.edu/mstp/html/frame_wel.htm http://www.med.umich.edu/medschool/mstp/about/FellowsGuidebook.pdf
M MSTP boy Senior Member 7+ Year Member 15+ Year Member 20+ Year Member Joined May 23, 2001 Messages 120 Reaction score 0 Jan 24, 2003 #3 Yes, (unfortunately), stipends are taxable income (depending if the state has income tax for low brackets) , just like any graduate student.
Yes, (unfortunately), stipends are taxable income (depending if the state has income tax for low brackets) , just like any graduate student.
