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In preparing your personal income tax return, please consult with your own tax advisor, because University Financial Services is not authorized to provide individual tax advice. You may, however, find it helpful to read the IRS publication relevant to your personal situation:
• If you are a U. S. citizen or resident for tax purposes, who received
fellowship amounts for studying, teaching or researching in the U. S., then
see IRS Publication 970, Tax Benefits for Education, which is available at
http://www.irs.gov/publications/p970/index.html
• If you are a U. S. citizen or resident alien for tax purposes, who received
fellowship amounts for studying, teaching or researching outside the U. S.,
then see Publication 54, Tax Guide for U. S. Citizens and Resident Aliens
Abroad, which is available at http://www.irs.gov/pub/irs-pdf/p54.pdf.
• If you are a nonresident alien for U. S. tax purposes, who received
fellowship amounts for studying, teaching or researching in the U. S., then
see Publication 519, U. S. Tax Guide for Aliens, which is available at
http://www.irs.gov/pub/irs-pdf/p519.pdf.
• Federal income tax forms and publications can be downloaded from the
IRS web site at http://www.irs.gov
• Massachusetts income tax forms and publications can be downloaded
from the Massachusetts Department of Revenue (DOR) web site at
http://www.dor.state.ma.us/forms/FormsMenu2.htm.
Additional information regarding the taxation of nonresident aliens in the U. S. can be found on the University International Office web site at
http://www.hio.harvard.edu/taxes-social-security
Fellowship amounts are subject to FICA only if they are deemed to be “wages” for employment tax purposes. Whether fellowships are wages is an inherently
factual determination, requiring consideration of all relevant facts and circumstances of the program.
A fellowship is any amount paid or allowed to, or for the benefit of, an individual to aid such individual in the pursuit of study or research. A fellowship may take
the form of: (i) payment(s) to the recipient, such as stipend payments; (ii) reimbursement or payment of expenses, such as travel expenses, to or on behalf
of an individual; or (iii) a credit against an existing term bill or a reduction in the amount owed by the recipient to an educational organization in connection with
the pursuit of study or research.
- Harvard University is unable to provide assistance to individuals for personal tax filings or situations as we are not professional tax preparers.
Harvard's tax identification number is 04-2103580.
Checks drawn on a foreign bank are costly to process due to the fact that both Bank of America (BOA) and the foreign bank charge fees that may exceed the value of the check.
Bank of America does not accept checks drawn on foreign banks in US dollars (USD) for amounts less than $200 USD. Checks drawn on a foreign bank are costly to process due to the fact that both Bank of America (BOA) and the foreign bank charge fees that may exceed the value of the check. Since local units are assessed these fees they should instruct their foreign customers to have their checks drawn on US bank in USD to avoid processing fees or drawn on a foreign bank in foreign currency.
President and Fellows of Harvard College is exempt from federal income tax as an educational institution under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.
As an educational institution, Harvard is also exempt from Massachusetts state income tax.
The legal name of Harvard University is President and Fellows of Harvard College.
Harvard's tax identification number is 04-2103580.
This number is also sometimes called:
- Federal Employer Identification Number (FEIN)
- Employer I.D. Number (EIN)
- Federal I.D. Number
- T.I.N. or Taxpayer Identification Number
- Tax-Exempt Number
- 04 number (referring to the first two digits)
Use the Massachusetts exemption when purchasing goods in another state that will be shipped to Massachusetts.
http://internal.procurement.harvard.edu/files/procurement/files/certificate_st_2.pdf