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Reportability of stipend payments made to students
December 4, 2024
Q. Are stipend payments to offset living expenses 1099 reportable when paid to students as part of an summer internship program?
A.
(Answered by IOFM's third-party tax experts)
Form 1099 reporting obligations for “stipend” payments in connection with student internships will depend on the specific facts of the program. If the intern is a candidate for a degree at an eligible educational institution (either your institution or another) AND the student is not required to perform services as a…
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