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What is a participant’s tax liability for stipends received during the appointment?

April 26, 2017appointment liability participant received stipends tax

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What is a participant’s tax liability for stipends received during the appointment?

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All stipends paid to participants are reported to the Internal Revenue Service, and a 1099 Form is issued to the participant each year at the end of January. Taxes are NOT withheld from the stipend payments. Participants are responsible for paying their own taxes and should consider filing Form 1040-ES to pay estimated taxes.