As we enter the homestretch for the spring semester, we see an increase in the volume of payments made to students.  Terms such as wages, stipend, prize, award, and fellowship are sometimes used interchangeably, but not always correctly.  Determining the type of payment to be made, and understanding the tax consequences can be very confusing.  … Continue reading “Prizes, Stipends, Wages, and Awards – Oh My!” New forms to demystify payments to Students.