TAX MEMORANDUM ASSIGNMENT
The NASA Space Center has offered its research scientists scholarships to complete their research and write a Ph.D. dissertation. To qualify for the scholarship, an employee must do research in an area related to the employee’s job at NASA and agree to return to NASA and work for at least two years after the degree is awarded otherwise the scholarship money must be repaid to the company.
The company believes that this is a “qualified scholarship,” the receipt of which is tax free income. The company has asked you for a written opinion letter addressing the taxability of scholarships awarded to its employees. Using primary authority only as your sources, write a memo using the template addressing the company’s question: Is the receipt by the employee of the scholarship taxable income to the employee?
The memo should be 2-3 pages, double spaced, one-inch margins. The format is attached in a word document.
There are no situations or contexts within this assigment where you will be asked to use AI tools (including Chat GPT)
Any memo assignment submissions with more than a 25% similarity score on Turnitin will be automatically rejected.
For Research you have to use Thomson Reuters Checkpoint Edge (https://checkpoint.riag.com/app/view/mainFS?usid=1716cap29b5b6&lastCpReqId=1d0309&lastRoute=LOGIN_TO_MFS%7E1793477894779%7E1%7E1669735690.36895.000%7E139FE9C1D6661095F7539C6392049CB1%7Etomcat%7Efalse%7E1097069&uqp=699779&bhcp=1)
Assignments will be evaluated on:
• Completion of assigned task (instructions)
• Quality of content and research
• Written presentation of material