Section 118 provides “[i]n the case of a corporation, gross income does not include any contribution to the capital of the taxpayer.” The regulations promulgated under Section 118 under prior law provide, with respect to...more
5/17/2018
/ Capital Contributions ,
Corporate Taxes ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Property Tax ,
Shareholders ,
Tax Cuts and Jobs Act ,
Tax Incentives ,
Tax Increment Financing ,
Tax Reform ,
Trump Administration