IRS Repeats Warning about Phone Scams

The Internal Revenue Service and the Treasury Inspector General for Tax Administration continue to hear from taxpayers who have received unsolicited calls from individuals demanding payment while fraudulently claiming to be from the IRS. Based on the 90,000 complaints that…

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Is Your Student’s Athletic Scholarship Taxable?

Do Recent Rulings Make Your Student’s Athletic Scholarship Taxable? The IRS, in a just-released “information letter,” described the tax treatment of college athletic scholarships. The IRS reiterated that because an individual is treated as an employee for labor law purposes, …

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