Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site u1100a.UUCP Path: utzoo!watmath!clyde!floyd!whuxle!spuxll!abnjh!u1100a!dbg From: dbg@u1100a.UUCP (D B Grooms) Newsgroups: net.taxes,bell.wanted Subject: Taxes on salaries received while on company scholarship (OYOC) Message-ID: <597@u1100a.UUCP> Date: Fri, 16-Mar-84 09:33:15 EST Article-I.D.: u1100a.597 Posted: Fri Mar 16 09:33:15 1984 Date-Received: Sat, 17-Mar-84 03:31:54 EST Organization: Bell Communications Research, Piscataway, NJ Lines: 16 A few articles appeared in Dec. 83 regarding taxes on "salaries" received under Bell Laboratories OYOC (One Year On Campus) program. According to the articles, IRS auditors classified these amounts as scholarships not subject to tax. I am considering amending my returns for the OYOC years to use the scholarship classification. I would like to hear from other OYOC participants (via mail), or participants in other companies' programs which are similar, about their experiences claiming OYOC salaries as scholarships. How did you deduct the amount? Did you deduct the salary as scholarship and also deduct OYOC expenses as business/educational expenses? Were you audited, and if so, were the deductions allowed? Thanks in advance. David Grooms Bell Communications Research {ihnp4,houxm,pyuxww}!u1100a!dbg 201-981-3277