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Fulbright grants received by a U.S. citizen from an agency which dispenses and administers Fulbright grants (domestic or foreign) fall into two types of income for tax purposes.

Issue Snapshot - Spousal Consent Period to Use an Accrued Benefit As Security for Loans

You may be required to report yearly to the IRS foreign bank and financial accounts (FBAR) exceeding certain thresholds.?

Topic no. 421, Scholarships, fellowship grants, and other grants

Miscellaneous types of organizations that qualify for exemption from federal income tax.

Describes when SSA and Medicare taxes apply outside of the United States.

Graph of Common Distributions

A foreign government-related individual is an individual (or a member of the individual's immediate family) who is temporarily present in the United States.

Tax Tip 2024-50, May 16, 2024 ¡ª The IRS Energy Credits Online tool lets multiple people register as users on behalf of their entity. For continuity of access to the clean energy online tools, the IRS encourages each entity to have more than one clean energy officer.

Tax Tip 2022-74, May 12, 2022 ¡ª Business owners can simplify things by filing payroll taxes electronically. E-file software performs calculations and populates forms and schedules using a step-by-step process. It will also alert the filer if they are missing information which reduces the chances of receiving an IRS notice