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Gross Receipts Defined - IRS.gov


for Tax Pros ... Gross Receipts Defined. Gross receipts are the total amounts the organization received from all sources during its annual accounting period, ...

Gross Receipts Overview - NM Taxation and Revenue Department


Gross receipts means the total amount of money or other consideration received from the above activities. Although the gross receipts tax is imposed on ...

Gross Receipts Definition | Investopedia


A tax term relating to the total business revenue from services provided that must be reported for the fiscal period. Gross receipts do not account for sales returns ...

What is gross receipts tax? definition and meaning ...


Definition of gross receipts tax: Business tax levied on the total revenue of some firms (such as utilities) instead of on the net income.

Gross Sales vs. Gross Receipts | Chron.com


Gross receipts and gross sales both define the total amount of money that your ... However, each state may set its own definitions of specific tax terms, so if ...

Difference Between Sales Tax & Gross Receipts Tax | Chron.com


If you charge your customers sales tax, your income is not affected by passing the amount to the state. The gross receipts tax, on the other hand, is based on ...

What Does Gross Tax Mean? | Chron.com


Gross receipts tax refers to money earned from specific business activities. For example, in New Mexico these activities can include performing a service, leasing ...

What Is Total Gross Receipts? | Chron.com


Total gross receipts are a key factor in determining a small business' tax rate. ... U.S. government having no single definition of what a small business is, tax laws  ...

What is a State Gross Receipts Tax? - The Balance


Aug 6, 2016 ... What is a gross receipts tax, what is taxable, how this tax is different from a VAT tax, and which states impose a gross receipts tax.

The Economic Consequences of Gross Receipts ... - Tax Foundation


income taxes with Depression-era gross receipts taxes. • Gross receipts taxes are ...... rected without abandoning the very definition of “gross receipts tax,” they ...

Gross receipts tax - Wikipedia
A gross receipts tax or gross excise tax is a tax on the total gross revenues of a company, regardless of their source. A gross receipts tax is similar to a sales tax,  ... More »