What is a fellows tax liability for stipends received during the appointment?
All stipends paid to fellows are reported to the Internal Revenue Service, and a 1099 Form is issued to the fellow each year at the end of January. Taxes are NOT withheld from the stipend payments. Fellows are responsible for paying their own taxes and should consider filing Form 1040-ES to pay estimated taxes. For foreign nationals, the rules are different. Q: Can stipend checks and other ORISE payments be direct deposited? A: Yes, ORISE uses electronic fund transfer (EFT) to make stipend, travel reimbursement, and other program-related payments. EFT is a safe, proven, and effective method of payment, and almost all financial institutions are able to accept EFT. Stipend payments are credited to the account on the pay day with funds available immediately on that day. Travel reimbursements can be credited to the account as soon as the travel expenses are audited by ORISE. Complete the EFT Authorization Form for this service. Q: What are the benefits of EFT? A: ORISE cannot guarantee on-
