Kentucky Form 740-ES can be downloaded from the Kentucky Revenue Cabinet. Student should file federal tax Form 1040NR and probably Kentucky Form 740 at tax time each year. In general, the Commonwealth of Kentucky provides the same exemption as does the federal government. The exempt amount is reported on Form 1042S. Individuals should file federal Form 1040NR each year, and probably Kentucky Form 740. Though taxable, the stipend is not subject to withholding.
Students are responsible for making any necessary estimated tax payments.
Federal Form 1040-ES is can be downloaded from the IRS forms page. State Form 740-ES is available from the KRS forms page. Students should file federal tax Form 1040NR and probably Kentucky Form 740 at tax time each year.