Puff, the Magic Dragon - Parodies. 1  In the mid 1970s an American Jewish band named Ruach created a parody version of the song entitled Puff the Kosher Dragon.
Pay tuition directly to the college. If you are considering making an outright cash gift, another option is to bypass your grandchild and pay the college directly. Under federal law, tuition payments made directly to a college aren't considered taxable gifts, no matter how large the payment.
1098-T Tax Credits. The Tax Reform Act of 1997 provides our students with Hope Scholarship and Lifetime Learning tax credit opportunities. In participation with this program, each January the college sends the students and the IRS Form 1098-T.ike many schools, Middlesex County College has elected to report the amounts billed (qualified tuition and related expenses) to the student for the tax year. No amounts will be reported in Box 1 of the 1098-T form. Box 2 of the 1098-T includes all qualified items that were actually billed during the current tax year.