runslikeajohndeere
5-Year Member
- Joined
- Feb 6, 2012
- Messages
- 163
Do you happen to know which IRS publication your accountant is relying on regarding the taxability of the R&B? The only one I'm aware of is Pub. 970 and it specifically states that R&B is taxable. I would love to find a way to get around paying tax on it.
Thanks in advance for your help!
I don't want to stir the pot, but there are different interpretations of what is taxable and what isn't (I've noted all kinds of differences from one ROTC to next-practice, operational, etc.).
I've just begun education with DS and it seems there are some perplexing workings. As I've said, we're just starting so I'll see the tax implications soon, yet the current plan of applying to R&B seems quite lucrative. His paperwork applied scholarship to R&B and his other scholarships will cover tuition.
PM me and I'll keep you in the loop once I see the final bill and speak with a tax accountant (I used to do it, but may forgo it for one year).