Calling ATOT accountants

[Pollock]

I have an internship this summer and have the option to be paid $6000 via either stipend or scholarship. Which option would minimize my tax profile? I already receive overage each quarter from my current scholarships, so I don't know if that would complicate it. I also made ~$9000 last quarter with another co-op and had no federal income tax withholding (claimed dependent).

Just trying to find the best option.

 

[Pollock]

Bump?

 

[onza]

See sticky?

 

[FelixDeCat]

How about this crazy idea - ask the people giving you the money if they are going to give you a 1099 at the end of the year based on which decision you make.

Either way youre still in the 15% bracket at the most, so I dont think you really have to sweat it. But keep us informed because now I want to know the answer to this question.

 

[SandEagle]

hookers and blow are tax bebuctidle. trust me, i have a CPA

 

[SphinxnihpS]

hookers and blow are tax bebuctidle. trust me, i have a CPA

Yep! Uninsured medical expenses.