Chloe Receives a Student Loan from a Foundation Which Encourages
Chloe receives a student loan from a foundation which encourages students to pursue teaching careers. Under the terms of the loan,Chloe will not have to repay the loan if she teaches in a public school for ten years. What tax issues should Chloe consider?
Discuss briefly the options available for avoiding double taxation for the U.S.citizen earning income from sources outside the United States.
John,who is President and CEO of ZZZ Corporation which owns the ZZZ hotel chain,is working with his Human Resources department to design an employee fringe benefits package.He would like employees to receive discounts on goods and services provided by the corporation,would like to provide free hotel rooms to employees,would like to provide transit passes or pay for parking in metropolitan areas,and would like to provide recreational and athletic facilities.What issues should John consider in designing his package?
Benedict serves in the U.S.Congress.In the current year,a lobbyist paid for Benedict to take a one-week vacation to Bermuda.Benedict did not incur any expense for the trip.What income tax issues should Benedict consider?