Alabama § 40-18-163 - Adjustments for Services Rendered or Capital Furnished by Spouse, Etc., of Shareholder or Beneficiary.
Full text of Alabama Code of Alabama § 40-18-163 — Adjustments for Services Rendered or Capital Furnished by Spouse, Etc., of Shareholder or Beneficiary., with citation guidance and answers to common questions.
§ 40-18-163. Adjustments for Services Rendered or Capital Furnished by Spouse, Etc., of Shareholder or Beneficiary.
If an individual who is the spouse or lineal descendant or ancestor of one or more shareholders of an Alabama S corporation or who is a spouse, a lineal descendant or ancestor of a beneficiary of a trust which is a shareholder of an Alabama S corporation renders services for the corporation or furnishes capital to the corporation without receiving reasonable compensation therefor, the Department of Revenue shall make such adjustments in the items taken into account by such individual and such shareholders as may be necessary in order to reflect the value of such services or capital.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 40-18-163
What does Code of Alabama § 40-18-163 cover?
Section 40-18-163 ("Adjustments for Services Rendered or Capital Furnished by Spouse, Etc., of Shareholder or Beneficiary.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 40-18-163?
A common citation format is "Code of Alabama § 40-18-163" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 40-18-163 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.