Category: H
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HIPAA
Description and Definition of HIPAA The Health Insurance Portability and Accountability Act of 1996. Resources See Also Further Reading HIPAA in the West's Tax Law Dictionary HIPAA in "A Dictionary of Taxation"
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Hobby Loss
Hobby Loss means:a loss incurred by a taxpayer in an activity not pursued for profit. In general, hobby losses are deductible only to the extent of income generated by the hobby. If an activity generates a loss in 3 of 5 years, there is a rebuttable presumption that it is not operated […]
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Holding Period
Holding Period means:the length of time that an investment is owned or expected to be owned. The holding period is important in determining whether a gain or loss from the sale or exchange of a capital asset is long-term or short-term. For tax purposes, the holding period generally […]
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Health Insurance
Health Insurance Exchange Marketplace Issue You may find information about Health Insurance Exchange Marketplace in this Tax Platform of the American Encyclopedia of Law.
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Health Savings Accounts
Health Savings Accounts (HSAs) Treasury March 30, 2004 Guidance on Health Savings Accounts (HSAs) Today the Treasury Department and the IRS issued additional guidance on Health Savings Accounts (HSAs). The guidance clarifies the types of preventive care that can be provided under a high […]
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Health Care Law
Health Care Law: What'S New for Individuals and Families, I.R.S. Pub. 5187 (Tax Year 2014) Issue You may find information about Health Care Law: What'S New for Individuals and Families, I.R.S. Pub. 5187 (Tax Year 2014) in this Tax Platform of the American Encyclopedia of Law.
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Hedge
About Hedge: Hedge or hedging is a strategy used to offset business or investment risk. A perfect hedge eliminates the possibility of future gain or loss. Futures hedging gains are taxable ordinary income, but futures hedging losses are capital losses and are deductible only to the extent of capital…
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Home Sate Exemption
. Age 55 Or Over Home Sate Exemption It was the right of an individual age 55 or over to sell, once in a lifetime, a principal residence at a gain and to exclude up to $125,000 of this gain from taxation, regardless of whether or not another home is purchased. The individual must have…
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Home sale profit
About Home sale profit: Profit of up to $250,000 ($500,000 for married taxpayers filing jointly) is tax-free, if you owned and lived in the home for two of the five years leading up to the sale. This break can be used multiple times, but not more than once in any two year period. A surviving…
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Highly Compensated Employee
Highly Compensated Employee is used. with regard to cash or deferred arrangements, any employee who: 1. was a 5% or more owner of the employer, 2. received annual compensation from the employer in excess of an indexed amount ($99,000 for 1994), 3. received annual compensation from the employer in ex…