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 […]

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. […]

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 […]

Accountant's Equation

Description and Definition of Accountant's Equation Accountant's Equation is the equation which is the basis of a balance sheet. It is as follows: Assets = Liabilities + Owners' Equity. Resources See Also Further Reading Accountant's Equation in the West's Tax Law […]

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 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.

Charitable Organization

Description and Definition of Charitable Organization An organization that is recognized as tax-exempt by the IRS. Resources See Also Further Reading Charitable Organization in the West's Tax Law Dictionary Charitable Organization in "A Dictionary of Taxation"

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 […]