The Whatever--Random Medical School Stuff

Pre-Med & Medical School Pre-Med Topics
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<p>Kat- DDs good friend was learning to dive in high school, she did the 10m, I believe just the one season. She was very athletic, lifelong swimmer, former gymnast so she did well until the dive she missed and essentially did a belly flop. I don’t know if she ever dove again, but she certainly never competed again. I have seen the video and it was like Wild World of Sports agony of defeat!</p>

<p>My kids are all in grad school and still shop Costco by going through my garage, of course, I encourage it, that’s what parents are for!</p>

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<p>That is why i sometimes wished I stayed near home for med school. Cooking can sometimes be a pain in the butt when I have so much stuff to do. When I came back to school from winter break, loaded my suitcase with frozen homecooked food. will do it again for spring break haha</p>

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<p>

We are envious. DS is thousands of miles away. We can only afford to send some snack package by USPS or UPS once in a while. He still does not have a car and there are not many groceries within the walking distance. There are quite many restaurants though, but they are expensive.</p>

<p>He was excited this semester just because Chipotle Mexican Grill just came to his town. Their food should be better than that from a Burrito cart. I think he misses (Americanized) Texi-mex food.</p>

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<p>I think for those kiddos looking at med schools being near home (well one that is supportive!) is sometimes overlooked as a possible factor. Just not something they are thinking about…honestly they just want to get in. But, after the dust has settled it can change the nature of the 4 year/5 year (extra degrees) or MSTPs they spend.</p>

<p>We put so much effort into fit for undergrad and when it comes to med school it kinda gets pushed under the rug…well the being far, far away.</p>

<p>Son has exams tommorrow, next week is all clinical on the other side of the state and then he has a week of spring break. The MS2 are getting their schedules for 3rd year as I type and it is interesting. At his school you can be sent to 12 different sites all over the state to do your clerkships. So far all his biggies, surgery, neoro, internal/family are ALL in the same location. At the main hospital with his advisor. They are in before dawn out long after the sun is down.</p>

<p>Gonna get interesting! He had an autosopy yesterday and he ruled out coroner. But we were able to meet for lunch so I was happy! Since his clerkships are in the same locale (so far) I can meet him for lunch occasionally and watch his advisor(boss) just yell and yell! Like son, he played D1 football and it is a hoot to watch them interact ESPECIALLY in a hospital/doctor setting. Never gets old. Even better is the school rivalry, son is p’ton grad and he’s a H grad. They all went to the carolina bball game vs. state last weekend so they had something to “bond” over!</p>

<p>Son has also enjoyed the big-time sports aspect even though he is a grad student. More so than even as an undergrad since then he was a participant rather than a spectator…he says tons more fun. And if he really misses being yelled at by coach he doesn’t have far to walk to receive “loud” motivation!</p>

<p>Just something for those applying or about to, to keep in mind…being near home and some of the “fun” things the school might have to offer or at least the location.</p>

<p>Kat</p>

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<p>Yes. I totally agree. My “fun thing” is music and imo no location has more to offer than NYC. It will also be just a short 150mph train ride away from mom and dad. :slight_smile:
I will be happy with any acceptance in NYC, but this:</p>

<p>[Music</a> and Medicine | Weill Cornell Medical College | Cornell University](<a href=“http://weill.cornell.edu/music/]Music”>Music & Medicine | Weill Cornell Medicine)</p>

<p>is my dream school. Perhaps I’ll be on that web page in a couple years :D</p>

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<p>^Good luck! It sure is exciting to find a school that matches what you really like. Definitely keep an eye out for it at all the schools you apply to, and if Cornell doesn’t work out, you might be pleasantly surprised to find out that whatever school you end up going to will work out too. I recently developed a new research interest, and as luck would have it, my school is quite well known in this particular area (which is saying something, as we’re not well known in many research areas). Gotta love the serendipity!</p>

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<p>Check out this in regard to music and medicine combo:
[Video:</a> White Coat Style (gungnam style parody) ~ Frequency](<a href=“http://www.frequency.com/video/white-coat-style-gungnam-style-parody/69037376/-/5-5755298]Video:”>http://www.frequency.com/video/white-coat-style-gungnam-style-parody/69037376/-/5-5755298)</p>

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<p>Wonder whether anybody here has completed the tax return, FAFSA, NeedAcess.</p>

<p>We have just completed the first round of our federal tax returns.</p>

<p>One thing we learned in the process is that, fellowship could be considered as a taxable income (as the student is required to provide the services to the school in order to receive this fellowship.) even though the school is not required by IRS to issue either W2 or 1099-Misc. But it appears that there is no need to pay FICA (i.e., using the self-employment tax form). But this kind of summer earning (not much) is NOT considered as earned income as far as EIC is concerned because there is neither W2 nor 1099-Misc issued. So there is no need to deal with EIC at all. Do not let TurboTax lead you to anywhere near that.</p>

<p>There appears to be a lot of ambiguous or even conflicting information on the Internet. We hope we will do it right. For DS’s tax return, our goal is to report it in such a way that it would minimize the probability of being audited. Not much income was involved anyway as he eraned very little last year.</p>

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<p>FAFSA done and submitted here. Priority deadline is 3/1. No Need Access or other forms, just FAFSA.</p>

<p>Kat</p>

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<p>I should be submitting Need Access today. Wow, what a bear, I thought the Profile was bad. Now I just have to get together and send tax forms in all the various methods requested by different schools (hard copy, scanned email, downloaded, blacked out SS#, etc.); never thought I’d come to appreciate IDOC!</p>

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<p>D1 will be filling out her tax return and FAFSA (no parental financial info required, yay!) when she gets back from her post-STEP 1 holiday at the end of the week.</p>

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<p>Spent the last few hours fighting with TurboTax (desktop version), in order to get the taxable fellowship into line 7 of 1040 (with “SCH his-taxable-amount” showing up to the left of line 7.)</p>

<p>DS received a fellowship which is paid to him for his summer work in a lab and he could use it for anything (rent, food, entertainment, etc.) This amount is taxable income because he worked for the benefit of the institute rather for his education/training. The problem was he only received an award letter and neither W2 nor 1099-Misc.</p>

<p>Also, he received 1098-T, in which there is another tax-free scholarship (meant for paying tuition and fees) is included.</p>

<p>Basically, I was struggling for hours to get these two (one taxable and the nother not taxable) into TurboTax. I finally use the trick mentioned in this link to get what I want:</p>

<p><a href=“https://ttlc.intuit.com/questions/1420954-where-do-i-enter-taxable-scholarship-income[/url]”>https://ttlc.intuit.com/questions/1420954-where-do-i-enter-taxable-scholarship-income&lt;/a&gt;&lt;/p&gt;

<p>This person asked for help: (although DS’s case is not exactly the same as his. There is no way that DS would get all of his tuition paid by the school in the form of a scholarship. This is because DS attended a professional school, not a graduate school.) </p>

<p>Texas Roger, the problem with that is that I do not receive a 1098-T for my fellowship because it is not a scholarship applied directly to my tuition. As a graduate student I get my tuition paid by the school in the form of a scholarship (which shows up on a 1098-t) and in addition I receive a fellowship which is paid to me and I can use it for anything (rent, food, entertainment, etc.). So the information on my 1098-t is unrelated to my fellowship.</p>

<p>This nice soul from our state (could be curm? He has been very experienced with scholarship and he might be good at tax law as well :)) helped him to make TurboTax does what he wants to do:</p>

<p>Sometimes things get overidden by certain entries and there never seems to be a solution. Since you are using the desktop version, have you tried making the entry in forms mode? If you open form 1040 and click on the line to the left of number 7 then click the spy glass to open the supporting form, you will see the Wages, Salaries, and Tips Worksheet. Scroll down to line 13 and enter the taxable amount of the scholarships in the appropriate column. This amount will then be entered by TurboTax on line 7 to the left of 7 with the letters SCH and be added to the amount to the right of 7. If this doesn’t work, I don’t have a solution.</p>

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<p>I use the free online H&R block tax software. Ive never had a problem entering my taxable scholarship into line 7.</p>

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<p>

I believe the issue is to get the fellowship income added on line 7 as THAT was the taxable amount. I am confused on why you would need to add the scholarship though. Only TAXABLE income would have been added so only amounts exceeding the tuition would need to be included. :o</p>

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<p>i had a monthly stipend in college on top of my full ride so it was all taxable. but the same thing applies for the fellowship income. i wasnt mailed a 1098-T or any other forms</p>

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<p>

I am actually confused by the need to do this (i.e., what I have done.)</p>

<p>If, by looking at 1098-T, I am confident that the sum of the taxable scholarship and the tax-free scholarship (if applied to qualified education expenses) is less than my qualified education expense, can I choose to not mention anything about any of these two scholarship as long as I am sure I could provide the info to IRS when audited?</p>

<p>But I think this is not what the tax software wants you to do, as there are education credits or education deduction we can take advantage of if we enter this info.</p>

<p>But when using the tax software, I sometimes feel that I need to do a lot of work and get a big fat zero in return in the end. A lot of efforts for nothing, except for the peace of mind that the chance of being audited is lower.</p>

<p>I think taxable scholarship is treated just as compensation income, albeit there is no need to file schedule SE if a full-time student. In principle, it should be a part of your income, I think.</p>

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<p>Well, MCAT2. You have succeeded in confusing me. lol I know that in my D’s case her grant aid does not cover tuition (much less anything above tuition) so I take the position , rightly or wrongly, that we are good to go.</p>

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<p>^Wish I had the problem of having scholarships too big I can’t figure out their taxes :slight_smile: and in the meantime, I’ll just continue coasting along, no income tax return required, because I have…zero taxable income.</p>

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<p>^^D1’s situation too, except she does have a very, very small amount of interest income from her checking account. (Go credit unions!) And she’s been paying off her federal undergrad loans so she may have a tax credit for any interest paid towards that.</p>

<p>But definitely no income and her scholarship doesn’t even approach her tuition costs.</p>

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<p>

Curm, what do you mean when you said “we are good to go”? Does it mean that you do not need to mention her grant aid at all in her tax return?</p>

<p>In DS’s case, he does not owe any fed income tax when everything is done – the standard deduction plus the exemption (even do not need the help of the education deduction or the liftime education credit) would be higher than the small taxable aid he has received. He definitely owes a big fat zero dollar for his Fed income tax.</p>

<p>But I think his “income” is still not low enough to not file the tax return, unless I am mistaken.</p>

<p>I think in his UG years, the tax-free scholarship is directly applied to his tuition and fees. I might have chosen to not mention it in some year, if my memory serves me will.</p>

<p>Maybe I overthink the whole thing, and do not need to file his tax return at all.</p>

<p>To clarify, DS’s fellowship is not big at all. (just summer “work.”) Our question is that when this could-be-taxable fellowship is much lower than his tuition and fee, should he still file the tax return and mention this income so that IRS would go away and not bother him/us in the future?</p>

<p>DS has had an interest income of likely 2 cents. After we faithfully entered it into TurboTax, it is rounded to zero :)</p>