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Taxation of grants

by Vince75, Window Shopper

  • Created: January 26, 2010, 12:53 pm
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3 comments

How do the funds from a federal or state grant get taxed.  Does the government see it as income to company?

Tags: Discuss Popular Topics, Filing and Paying Taxes
‹ Tax on profit kept as capital (in LLC account)? record keeping ›

mrhelpful | Contributor | 6/21/2010 - 10:21 pm

I guess it depencds on whether it is a cash grant in terms of real funds, or a loan guarantee. If it's a loan guarantee it coul;dn't be considered income could it?

BizResearcher | Window Shopper | 2/9/2010 - 1:01 pm

The information you need should be contained in the grant or in the initial grant request you responded to.

NicoleD | Former Moderator | 1/30/2010 - 10:51 am

vince, I've not yet found a definitive answer to your question. Could you please reply with more information about what state you are located in?