Author Archives: Hongwei Zhang

Scholarship

Scholarship

Description and Definition of Scholarship

Monies granted by an organization to a student for tuition and other educational expenses. Grants to degree candidates receive tax free treatment if awarded after August 16, 1986, and used for tuition and course related expenses. Room and board expenses do not qualify.

Resources

See Also

Further Reading

Attorneys' Fee Awards

Attorneys' Fee Awards

Description and Definition of Attorneys' Fee Awards

If you litigate with the IRS in Tax Court or another federal court and win and you can show that the IRS's position was unreasonable you may be entitled to a certain amount for attorneys' fees and other litigation expenses.

Resources

See Also

Further Reading

Restricted Stock

Restricted Stock

Description and Definition of Restricted Stock

Stock owned by an employee of a company that has limits on its transferability. If you receive restricted stock you do not need to include its value in excess of the amount you paid for it in your income. However, when the restrictions are lifted and you are free to sell or transfer your stock you will need to include its value in your taxable income.

Resources

See Also

Further Reading

Elderly

Elderly

Volunteer Income Tax Assistance (Vita) and Tax Counseling for the Elderly Issue

You may find information about Volunteer Income Tax Assistance (Vita) and Tax Counseling for the Elderly in this Tax Platform of the American Encyclopedia of Law.

Seizure

Seizure

Seizure of Residence or Business Issue

You may find information about Seizure of Residence Or Business in this Tax Platform of the American Encyclopedia of Law.

Insurance Returns

Insurance Returns

Transmittal of Employer-Provided Health Insurance Offer and Coverage Insurance Returns, I.R.S. Form 1094-C Issue

You may find information about Transmittal of Employer-Provided Health Insurance Offer and Coverage Insurance Returns, I.R.S. Form 1094-C in this Tax Platform of the American Encyclopedia of Law.