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1099 reporting of stipends paid to teachers
May 2, 2024
Q. We are a university that pays teachers from local public schools stipends to mentor our students. Should these payments be reported on a 1099?
A.
(Answered by IOFM's third-party tax experts)
Whether the payment is 1099 reportable will depend on the specific type of payment that you have made – IRS language does not recognize “stipend” as a defined term for tax reporting purposes. So first you will need to confirm what this payment was actually intended for – i.e., a reimbursement; a…
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