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When Are Capital Contributions Not Taxable? Looking for tax savings? Don't forget this relatively new private letter ruling that expels certain "contributions to capital" from taxable gross income.

Robert Willens, CFO.com | US
October 12, 2009

Tricky: This is a tricky case. I understand the company may have been providing this service for the greater good of the city, but the city does seem to be paying for it to be completed. I am torn on this myself, I would like to see what others think about this and get more info.
www.blogs.vbpoutsourcing.com; Posted by Marcelle Green | Oct 12, 2009 3:56 PM ET

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