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						as far as taxes go, for all you students i talked to my uncle who is a lawyer and he said the first 8k is pretty much 0-3% tax.  100K would be quite a high tax bracket.  he said getting caught would be like finding a needle in a haystack.  however if you never report it/dont file taxes they can come back at any time in your life and still nail you for it. 
 
if you do file, they have 3 years to audit you, and after that, you are clean. 
 
disclaimer-im not a lawyer, and i was just talking informally to my relative, talk to your own cpa/lawyer for your situation.
					 
				 
				
			 
			 
		  
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