dbg@u1100a.UUCP (D B Grooms) (03/16/84)
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
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201-981-3277