"Bill Brown" <brownwp[at]longwood.edu> wrote in message
news:ec8428b7-1239-4113-8154-7e0fb5b3219d[at]e23g2000vbe.googlegroups.com...
- quote -

to pay full tuition.
Thanks

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On Apr 13, 9:28*pm, "Kevin" <ke...[at]rocketmail.com> wrote:
- quote -

living in the dorm is a condition of employment. If the RA also gets a
zero cost meal plan, that is tax free as well because the meal plan is
provided by the employer for the convenience of the employer.

If the college requires the student to actually pay for room and
board, then reduces the student's tuition by the same amount then we
have a potential problem.

If the college gives the student free room and board AND reduces
tuition then the student may have taxable income equal to the tuition
reduction unless some other employment related exception applies.

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

On Apr 13, 8:28*pm, "Kevin" <ke...[at]rocketmail.com> wrote:
- quote -

On the first question, it seems reasonable and is what I would do -
but I am just an ordinary taxpayer, not a professional.

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

After paying his college bill from his 529 account in December, my son
became a resident advisor and they credited him $5,000.

He can get a refund for the asking, but I am concerned it will screw up the
529 account, so it seems prudent to hold onto the credit for the next bill
in July.

Any advice here?

And a related issue... I have read on another college's website that
compensation for being an RA is not taxable because it simply reduces the
college tuition and living in the dormitory is a requirement. Do you agree
with that?

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >