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Should I file a 1099-MISC for an AmeriCorps education award?
Yes, you should file your 1099-MISC for the AmeriCorps education award. The IRS states, Taxpayers must report all income from any source and any country unless it is explicitly exempt under the U.S. tax code. There may be taxable income from certain transactions even if no money changes hands.
Generally, the IRS considers all income received in the form of money, property or services to be taxable income unless the law specifically provides an exemption.
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