While serving under the NDSEG Fellowship Program, Fellows agrees that s/he is NOT an employee or considered an independent contractor of Innovative Technology Solutions-Joint Venture (ITS-JV). The Fellow understands and agrees that ITS, therefore, will NOT treat Fellows as employees for income tax purposes. The Fellow acknowledges her/his understanding and agreement that s/he is personally responsible for her/his individual tax preparation and payment.
Notification of Tax Status and Payments to Fellows. Fellows will receive a Statement of Payments from detailing all taxable payments made to them by ITS during the relevant tax year. These Statement of Payments forms will be distributed in January following the relevant tax year in which the payments were made.
This statement is provided for information purposes only. It is not intended as legal or tax advice, or a definitive interpretation of the law: "Taxability and Filing with the Internal Revenue Service (IRS). All stipend payments paid by Innovative Technology Solutions – Joint Venture (ITS-JV) directly to the Fellow or on her/his behalf are considered taxable by the U.S. Federal government and should be reported annually. Stipend payments are not considered wages or self-employment income and should not be reported as such."