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Non-qualified educational expenses

February 28, 2022
February 28, 2022

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Q. I need to know if this is true: Scholarships or fellowships received to offset non-qualified educational expenses are taxable to the student. However, for students who are US citizens or resident aliens, there is no tax withholding or Form 1099 reporting required by the University. A. (Answered by Sovos, a 3rd party software, services and education provider offering assistance in tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, Canada, Quebec, Puerto…

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