Reporting implications for scholarships

February 13, 2020

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Q. I work for a teaching hospital and we provide scholarships to help current employees with schooling. Are there any tax implications for that scholarship for 1099s or W2s? A. (Answered by COKALA Tax Information Reporting Solutions, LLC, a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting. You can learn more about them at www.cokala.com.) It…

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