Hans wrote:

- quote -

It shounds like a "prize", which might very well be subject
to 30% withholding in lieu of income tax.

The late Paul Erdös offered prizes for mathematical problems
he found interesting. But, as he appears to have been a
stateless person, normally, residing in the United States,
it's unclear what the "source" is for income tax purposes.

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There is a website (http://www.innocentive.com/) that posts
"challenges" in the areas of biology and chemistry. These
challenges are open to anyone and everywhere, and give
substantial rewards if solved.

My question is: what taxes are applicable to an award of
this nature, especially for an F1-visa holding international
Ph.D. student in the U.S.

thanks

hans

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