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I know of schools that don't give W2s, pretty sure that is just illegal and also pretty sure those schools get dinged by the IRS regularly for this. some stude
by munin 12y ago
I know of schools that don't give W2s, pretty sure that is just illegal and also pretty sure those schools get dinged by the IRS regularly for this.
some student friends of mine get paid in very sketchy ways, like in personal checks from the department administrator, and don't even know if the university has done withholding. these are ivy league schools too! every few years there is a big IRS thing but nothing changes.
universities are shady as hell.
- tanderson92 12y agoFellowship income (for example from the STEM fellowships) is not reported as earned income for sure. It's less clear for other positions. Consider this from IRS publication 970: “Scholarship and fellowship payments are compensation for IRA purposes only if shown in box 1 of Form W-2.”