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After you file
Your taxable income probably was not $9,800 if you had only that much in scholarship income. Most people at least get the standard deduction of $6,300 (2016) and then if you were NOT claimed as a dependent you would have had an exemption of $4,050. Which would leave you with no taxable income. You will also have to determine how much was used for qualified education expenses (not room and board). If it all was, then it wouldn't have been taxable. There are a lot of variables. IF and this is the big IF...you hade a tax liability, then you may have penalties and interest for failure to pay and failure to file. Click here for IRS penalty information. <a rel="nofollow" target="_blank" href="https://www.irs.gov/faqs/irs-procedures/collection-procedural-questions/collection-procedural-questi...>
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‎June 1, 2019
5:57 AM