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Get your taxes done using TurboTax
Intentionally failing to file an IRS Form 1098-T and to pay tax on the taxable portion of a scholarship is tax fraud. This will reduce the amount of the student's income tax refund, if any, or result in a tax bill that must be paid. The student may also be subjected to late fees and penalties, if appropriate. Unfortunately the information on how to properly proceed regarding high school students in early college programs or dual enrollment is murky.
‎January 29, 2020
5:39 PM