Tax Responsibilities
In accordance with the Tax Reform Act of 1986, if your aggregate scholarship, grant, fellowship and teaching/research assistance exceeds tuition, required fees for course instruction or academic enrollment and books/supplies (for which receipts have been kept), the amount in excess must be included in your taxable income. You are responsible for determining whether your assistance in whole or part, should be included as taxable income.
Please contact the Internal Revenue Service or tax preparer for further information or assistance with these tax issues or refer to IRS website: http://www.irs.gov/publications/p970/ch01.html