Student Tax Forms

<p>The filing can be done in less than 10 minutes both state and federal together. Shame on you if you think that $40 is too small to worry about. Stamps and envelop costs ~$1.00.</p>

<p>If you do a sched C on 1099 income, did you have to do SS tax as well?</p>

<p>And has anyone dealt with 1098-T forms that report Scholarship and Grant income? To the extent that this amount exceeds the tuition amount-- does that make it taxable?</p>

<p>The filing can be done in less than 10 minutes both state and federal together. Shame on you if you think that $40 is too small to worry about. Stamps and envelop costs ~$1.00.</p>

<p>Again, the cost of filing hardly offsets the refund I will get. I wasn't speaking of the cost of envelopes/stamps. We do not file our own taxes, since we are completely tax illiterate and feel more confident if we had a professional done it. That way, we will not be liable for any stupid mistakes. Don't shame me about thinking $40 is too small. I don't. I have a jarful of pennies in the kitchen. :) hehe</p>

<p>Looking123:
Doing your taxes at this stage in your life is no more difficult than name, address, TIN#, and attaching the w-2 to the form. IRS will complete the form for you; </p>

<p>or at this point are just 5 more lines: Earned Income, Bank savings interest if any, Withholding, and refund, (after lookup of tax rate, which should be near 0)</p>

<p>You can alternatively download a tax program : FREE. follow the Q & A.
Print and mail. then take your W2s and other info to the preparer to verify the results. </p>

<p>Since your taxes are so easy, its best to learn the tax system now; Then you will discover why taxes, politics, are a hot button for many parents. </p>

<p>BTW: GWB submitted his Budget for coming fiscal year. Expect lower taxes and lower services and entitlements...like aid to education. </p>

<p>I don't really understand Americans. They work hard, fret about money, and then don't care how they give it away. </p>

<p>Too bad you don't have a jar full of pennies because that jar of copper is worth far more as copper than just coins.</p>