Tax Information for Degree Candidates
Using the figures on your educational expenses statement, you are now ready to determine your tax liability, using the fill-in form below.
Please note that you must prepare a form for each semester covered by your ASF award.
If your award is $10,000 or less, it will be paid in one lump sum prior to your first semester or as soon as we receive your tax documents. In this case you only need to complete a form for that semester.
If your award is over $10,000, it will be disbursed in two payments: half in the beginning of your first semester, usually in August or September, and the second half before the beginning of your second semester, usually in January. In this case, you need to complete a form for each semester, filling in line 1 with half your ASF award total.
Tax Liability Determination Form for Degree Candidates
| 1. Fellow's Name: ________________________________________ | |
| 2. ASF Award Payment | $________________ |
| 3. Total of: Tuition and fees Educational expenses (from your educational expenses calculation) |
$________________ |
| 4. Subtract line 3 from line 2 If line 3 is greater than or equal to line 2, you have NO tax responsibility (Fill in 0 and proceed to signature line) If line 3 is smaller than line 2, proceed to line 5 |
$________________ |
| 5. Calculate 14% of amount in line 4. THIS IS YOUR TAX LIABILITY. | $________________ |
| 6. Subtract line 5 from line 2. THIS IS YOUR AWARD PAYMENT. | $________________ |
Signature: ________________________________________ Social Security # / ITIN: ________________________________________ Visa Category: ________________________________________ Date: ________________________________________ |
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A signed copy of this form, including your Social Security Number or ITIN, along with a copy of your educational expenses calculation, must be mailed to the Fellowship Department at the ASF before award payment can be made.