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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, | US
October 12, 2009


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.

Posted by Marcelle Green | October 12, 2009 03:56 pm

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