Is income tax NOT being withheld from your PhD fellowship paychecks?
Not a problem!
This workshop shows you exactly how to calculate and make your federal income tax payments, whether once per quarter or once per year.
Why Should You Purchase This Workshop?
Simply put: The workshop takes all the stress and struggle out of estimating your tax liability on your fellowship income and determining whether you are required to pay your income tax quarterly.
This workshop is explicitly designed for PhD trainees with non-W-2 fellowship or training grant income. That means I won’t waste your time covering topics irrelevant to you.
Right off the bat, I clarify exactly which types of PhD trainee income are potentially taxable.
The workshop walks you step-by-step through filling out the Estimated Tax Worksheet in Form 1040-ES, which is how you calculate your income tax due for the year and determine whether you are required to make quarterly payments.
Alternatively, if you want to cut to the chase, I explain a shortcut method that will take you only minutes!
The workshop includes how to handle several special scenarios that are common for PhD fellows, such as:
- Receiving fellowship and W-2 income simultaneously
- Switching onto or off of fellowship income during the calendar year
- Being married (to someone with W-2 income)
- Being under age 24 on 12/31
- Having had no tax liability in the prior tax year
Finally, the workshop lays out all your options for actually paying your quarterly estimated tax (if you are required to). There are special payment options available for Quarter 1 and Quarter 4, which are covered as well.
What to Expect from the Workshop
Once you subscribe to the workshop, you will receive immediate access to the 26 (short!) workshop videos and the spreadsheet to help you with the Estimated Tax Worksheet calculations. You can work through these at your own pace and return to them anytime your funding changes.
I also hold one live Q&A session each quarter shortly before the payment due date to help you work through any final questions you have.
You have access to the workshop files indefinitely and will be invited to the Q&A session that follows your purchase.
Who Is This for?
This workshop is for graduate students, postdocs, and postbacs with PhD-type fellowship or training grant income not reported on a Form W-2.
It is for US citizens and residents for tax purposes.
Frequently Asked Questions
How much time does the workshop take?
The workshop includes 26 short, narrowly defined videos, so you can easily choose to watch only the ones relevant to your particular situation. If you have a simple situation, you can complete the workshop in about an hour, or even minutes if you use the shortcut method.
Do I need to know anything about taxes?
The workshop assumes you have no familiarity with the tax system and explains everything you need to know from the ground up.
Do I need to fill out any tax forms? They are intimidating!
You only need to fill out a handful of lines on the Estimated Tax Worksheet, and the workshop includes a spreadsheet to assist you with the calculations if you find the instructions confusing.
What if I have questions that the workshop videos don’t answer?
The workshop walks you step by step through everything you need to know, and if you are ever unclear about something, you can come to the live Q&A call to clear it up!
What is your refund policy?
I offer a satisfaction guarantee with this workshop, so if for whatever reason you realize it’s not a good fit for you, simply email me and I will refund the purchase price.
Can I purchase this for my department/program/group?
Absolutely! I offer a 40% discount on bulk purchases ($18/license). Please email me ([email protected]) to set up the purchase.
