FAFSA 항목중 궁금한사항 - ASK미국

m**wonchan**** 님 답변 답변일 3/3/2012 9:33:31 AM

1098-T is from school for education credit in income tax return. I have been asked many times from my students about that question in FAFSA. Federal Grant (PELL), State Grant, Institutional Grant, and Institutional scholarships what you received are not Grant or Scholarship reported to IRS. If you received any outside Grant or scholarship being considered as income and reported to IRS when income tax return is filed, you need to indicate how much it was in FAFSA. In your child’s case, he or she does not put anything on that question in FAFSA.

w**o**** 님 답변 답변일 3/3/2012 9:47:22 AM

외부장학금은 써넣아한다고 하셨는데 장학금은 아니고 award를 받은게있는데 인컴으로 간주되서 1099를 받은게있으면 FAFSA에 기입해야하는건가요?

L**M**** 님 답변 답변일 3/3/2012 9:47:57 AM

답변주셔셔 감사합니다.

m**wonchan**** 님 답변 답변일 3/3/2012 11:01:29 AM

1099 form is not being normally used any Grant or Scholarship being reported to IRS. You do not say what kind award it was in 1099 form. Any Grant or Scholarship being reported as income in your income tax return needs to be indicated how much it was in FASFA. Please, read this to understand. This is from IRS website.

Scholarships. Do not use Form 1099-MISC to report scholarship or fellowship grants. Scholarship or fellowship grants are taxable to the recipient because they are paid for teaching, research, or other services as a condition for receiving the grant are considered wages and must be reported on Form W-2. Other taxable scholarship or fellowship payments (to a degree or nondegree candidate) do not have to be reported by you to the IRS on any form.

Normally you get mailed W-2 form for any Grant or Scholarship being reported to IRS because it is taxable.

w**o**** 님 답변 답변일 3/3/2012 11:35:06 AM

이상금을 세금보고해야하는지 상금 준 기관에 물어봤더니 scholarship 아니고 award로 분류되서 taxable이라 1099-MISC를 발행했다고 답이왔는데 Financil Aid님의 답글을 읽어도 무슨소리인지 잘 모르겠어요. W-2는 받은적이없어요.. 이 상금을 소득으로 간주해서 아이가 세금보고를 한건 맞는건가요?
FAFSA에 적는게 맞나요? 다시답변 부탁드려요.

m**wonchan**** 님 답변 답변일 3/3/2012 1:39:42 PM

1099-Misc is being used for income other than wages, slaryies, or tips. 1099-Misc can be used for any prize or award more than $600. If that award was or will be used for education, your child can indicate it in FAFSA.

w**o**** 님 답변 답변일 3/3/2012 1:56:15 PM

알겠습니다.
근데 FAFSA에 써 넣는 이 액수가 크면 FA받는데 불리한거 아닌가요?

m**wonchan**** 님 답변 답변일 3/3/2012 3:44:29 PM

It depends how much 2011 earned income your child made. Financial aid is normally determined by student's/parents' income tax returns, assets, number in family, and number in college. Federal government considers 30% from student' information and 70% from parents' information.

w**o**** 님 답변 답변일 3/3/2012 6:49:30 PM

여러가지 요소들을 감안해서 FA를 결정하겠지만 아무래도 아이의 소득이 있고 더구나 Grant and scholarship aid reported to the IRS 항목에 금액을 써넣는다면 부모의소득이 같을경우 FA 받는 액수가 줄어들지 않을까 걱정이되네요.
일회성으로 받은 상금인데 안해도 되는 세금보고에 FA서류작성도 복잡해지고 세금도 내야하고 FA에도 영향도 있다면 마냥 좋아할일이 아니네요

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