Miller & Chevalier Section 118 Teleconference


The Miller & Chevalier Tax practice held a teleconference on Wednesday, July 30, at 1 p.m. EDT to discuss the IRS’s increasing scrutiny of non-shareholder contributions to capital excluded from income under Section 118(a) of the Internal Revenue Code. The program will provide participants with an understanding of the law applicable to non-shareholder contributions to capital, with an understanding of the focus of the IRS’s increased audit activity, and with practical tips and strategies for assessing the risk of and dealing with a potential IRS challenge. Due to the extreme breadth of the IRS's increased activity in this area, this program may benefit any taxpayer that has or expects to receive any payment that will be excluded from gross income under the authority of Section 118(a), regardless of past audit experiences.

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