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Posted by pleasedontemailme on January 8, 2007, 9:58 pm
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> I am involved in creating a fellowship at a private college,
> to be awarded yearly to an area language teacher for
> research and/or course work abroad, probably during the
> summer. We expect the person to submit a full expense
> report, collaborate with the appropriate on campus
> department in presentations and other activities, and
> possibly mentor one or several students.
>
> Under what circumstances could this fellowship be tax free?
> What if the teacher enrolls in a program of study? Travels
> and gathers teaching materials? If the grant itself is not
> tax free, can any of the person's expenses be deducted?
Generally, scholarships are tax-free to the extent they are
applied to qualified educational expenses. However, you
need to keep in mind one important fact: accountable plan
rules DO NOT APPLY to an individual who is not your
employee.
Crystal
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