Nerd Alert: Tax consequences of bar stipend
Posted: Fri Sep 23, 2011 9:58 pm
For those that have been given or are being given a bar stipend from your firm, do you know if this is usually given in one lump sum? Is it treated like a regular paycheck (i.e. taxes are withheld from it at the same W-4 rate as your summer associate checks)? Or is it treated as a gross amount that you then pay taxes on later?
Preemptive Notes: (1) While it might be logical to respond "It depends on the firm," in this case I can't imagine the firms vary all that much. (2) By "bar stipend" I do NOT mean a cash advance, a stub bonus, or a signing bonus.
Preemptive Notes: (1) While it might be logical to respond "It depends on the firm," in this case I can't imagine the firms vary all that much. (2) By "bar stipend" I do NOT mean a cash advance, a stub bonus, or a signing bonus.