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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 Taxes | Tax Foundation


Gross receipts taxes have a simple structure, taxing all business sales with few or no deductions. Because they tax transactions, they are often compared to retail ...

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 ...

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.

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 ...

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 ...

Gross Sales vs. Gross Receipts | Chron.com


Gross receipts and gross sales both define the total amount of money that your ... [Gross Receipts Tax] Difference Between Sales Tax & Gross Receipts Tax ...

Difference Between Income and Gross Receipts | Chron.com


State tax departments may have a different definition of gross receipts than the IRS. For example, New Mexico defines gross receipts as the total amount of ...

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 Receipts Tax - Department of Revenue - PA.gov

www.revenue.pa.gov/GeneralTaxInformation/Tax Types and Information/Pages/Corporation Taxes/Gross Receipts Tax.aspx

Various gross receipts taxes are imposed upon private bankers; pipeline, conduit , steamboat, canal, slack water navigation and transportation companies; ...

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 »