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Financial Aid and Awards OfficeUndergraduate Award Bulletin JMSB Undergraduate Student Life Awards 202324 The following Undergraduate Student Life Awards are available for students in the John Molson

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What is awards prizes and scholarships?

Awards, prizes, and scholarships are forms of financial support or recognition given to individuals, often based on merit or specific criteria, to aid in education or to acknowledge accomplishments.

Who is required to file awards prizes and scholarships?

Individuals who receive awards, prizes, or scholarships that exceed certain thresholds must report this income on their tax returns, along with the organizations that grant these awards.

How to fill out awards prizes and scholarships?

To fill out awards, prizes, and scholarships, gather necessary information such as the award amount, the recipient's details, and the purpose of the award, and then report this on the relevant tax forms provided by the IRS.

What is the purpose of awards prizes and scholarships?

The purpose of awards, prizes, and scholarships is to provide financial assistance to students, recognize outstanding achievements, and encourage further education or specific skills development.

What information must be reported on awards prizes and scholarships?

Information that must be reported includes the amount of the award, the recipient's name and taxpayer identification number, and a description of the award.

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