Sign up for email updates from SBAReceive helpful business tips and upcoming events in your area.


Privacy Policy
Log in to SBA.gov:
Enter your SBA.gov username.
Enter the password that accompanies your username.

Community Header Banner

SBIR Grant: Taxable Income?

by sks94070, Window Shopper

  • Created: July 9, 2010, 1:21 pm
Share:
1 comment

It is my understanding that SBIR grants are taxable income to the recipient. Can you confirm that?

---
This post subject was edited to provide a better understanding.

Tags: Discuss Popular Topics, Filing and Paying Taxes
‹ Payroll taxes for 16 year old employee job & job ›

NicoleD | Former Moderator | 7/9/2010 - 1:36 pm

There is a similar conversation in this thread: http://community2.business.gov/t5/Filing-and-Paying-Taxes/Are-grants-taxable-income-to-the-receipient/m-p/20448/highlight/true#M432 Unfortunately, Publication 578 from the IRS does not offer a 'yes' or 'no' answer to your question. I would recommend that you speak with a certified public accountant or tax attorney for specific advice. Are any Community members familiar with the rules for SBIR grants?