***********FOR YOUR INFORMATION *******NOT LEGAL TAX ADVICE***********

1. IRS PUBLICATION 970 CONTAINS THE APPLICABLE INFORMATION AND FORM TO REPORT FELLOWSHIP FUNDING.

2. STUDENTS ARE RESPONSIBLE FOR REPORTING TAXABLE DFI INCOME ON THEIR 2005 TAX RETURNS - whether they receive documentation from their institution or not.

3. STUDENTS SHOULD KEEP A RECORD OF HOW THEIR DFI FUNDS ARE USED THROUGHOUT THE CALENDAR YEAR. According to Pub. 970, fellowship dollars applied to tuition, fees, books, and supplies are tax free; any other use of these funds is taxable. (Reference: http://www.irs.gov/taxtopics/tc421.html)

4. STUDENTS ARE ENCOURAGED TO DISCUSS FELLOWSHIP STIPEND AND TERMS WITH A CERTIFIED PUBLIC ACCOUNTANT.

5. ADDITIONAL INFORMATION FOR REPORTING FELLOWSHIP FUNDS IF YOU ARE A RESIDENT ALIEN:

Please direct any questions to the Internal Revenue Service.