Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
Tax Question: Dependent has a scholarship to a college and
Tax Question: Dependent has a scholarship to a college and she gets reimbursed tuition, room and board. Is room and board taxable to her? To her parent since she's a dependent? Does she need to file a… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,720 satisfied customers
I was reading a question winktax had answered for another
Hi, I was reading a question winktax had answered for another customer about the 1098-T. When box 5 exceeds box 1 or 2, it may be taxable, but he said it can include qualified educational expenses inc… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
I have a 19 year old friend's son. He's a 3/4 time student
I have a 19 year old friend's son. He's a 3/4 time student and works part-time. His parents (my friends) support him - he lives at home, they support him, paid all his college expenses. They will be c… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
Answers from Two Experts requested: I have a child support amendement hearing on Wed. One
I have a child support amendement hearing on Wed. One of my questions is; How does the state of Texas count my education stipen as income when the federal govenment does not tax it and it is not figur… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
Another question, I have a 1098-T with box 7 scholarship/grants
Another question, I have a 1098-T with box 7 scholarship/grants for 18,987 tuition box 1 is 13,783. All money rec'd is from grants, is the difference taxable as scholarship income? Thanks agaim, Fred… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
My daughter received a 1098-T with her scholarships and grants
My daughter received a 1098-T with her scholarships and grants being $3600 more than the qualified tuition. Do I need to claim the difference as taxable income? Her books and supplies were approximate… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
Hi, Does SSI benefits ($700/mo) count as gross income when
Hi, Does SSI benefits ($700/mo) count as gross income when determining if you qualify as a dependent ( $3700 gross income limit as you know)? My grandmother has $700 SSI. She lives with me. I hired pa… read more
PDtax
PDtax
Owner
Master's Degree
1 satisfied customers
Sally was an all-state soccer player during her junior and
Sally was an all-state soccer player during her junior and senior year in high school. She accepted athletic scholarship from State University. The scholarship provided the following: Tuition & fees $… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
If I DID NOT WORK IN 2010, BUT i rexeived financial aid;do
If I DID NOT WORK IN 2010, BUT i rexeived financial aid;do I have to report the grant award to the I.R.S. ?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I with drew from college classes for a whole year and kept
I with drew from college classes for a whole year and kept getting refund checks; will i have to pay taxes on the checks if i paid with my own money?… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Hi, Im a graduate student and Im not sure if all of my tax
Hi, I'm a graduate student and I'm not sure if all of my tax forms are correct/complete. For the year of 2009, I worked as a research assistant during the spring semester and I received a fellowship f… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
60 satisfied customers
Over the years I have filed short form, but now I am going
Over the years I have filed short form, but now I am going to school and need to file long to get credit for my office and computer and supplies. School started last May, 09. We my great niece (who I … read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
I am married with a household income of only $58,000. In 2009
I am married with a household income of only $58,000. In 2009 I had two children in college full time. They both received scholarships and grants (Pell, SEOG, Missouri Access, etc) that pretty much co… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
My daughter received a 1098T from her college. The amount ...
My daughter received a 1098T from her college. The amount in box 5(scholarships & grants) is higher than the amount in box 2(amounts billed for qualified tuition and related expenses) because they don… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
Say that you are a 23 year old college senior who is ...
Say that you are a 23 year old college senior who is claimed on the parents tax return. Because of that you cannot obviously take tax credits for your education(your parents can) nor can you claim a d… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Form 1098-t Box 1 6994.46(Qualified Tuition) Box 5 10347
Form 1098-t Box 1 6994.46(Qualified Tuition) Box 5 10347 (Scholarships/Grants). Part of this amount was used to pay the tuition and the balance for lodging. Can parents still deduct credit on the 6994… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
What is the tax liability of a post-doctoral Fellow ...
What is the tax liability of a post-doctoral Fellow receiving their income under an NIH T32 Training Grant?… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
My daughter received a 1098-T for her grants received to ...
My daughter received a 1098-T for her grants received to attend college and we claimed it as income. Is this taxable or if not why was this 1098 issued and furnished to the IRS.… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x