Taxes on REU

BelknapPoint
Sat, 20 Feb 2016 16:01:55 +0000

Well, if you’re self-employed, you need to pay self-employment tax (both halves of FICA), although you do get an above-the-line deduction for the employer half of that. Although it sounds like what your student did is not self-employment.

ETA: hopefully @Madison85 can offer an opinion.