Sentences with phrase «as gross receipts taxes»

Note: In addition to regular income taxes, many states impose other taxes on corporations such as gross receipts taxes and franchise taxes.

Not exact matches

If you have successfully mined bitcoin or other virtual currencies, the IRS considers the receipt of that currency as gross income and should be included in your tax return as such.

-- State gasoline taxes would drop by about a penny a gallon under a one - year cap on the gross receipts tax, as proposed Monday by Democratic legislative leaders.

You won't avoid the gross receipts tax, but other than that - everything stays as is.

The New Mexico gross receipts tax in particular is frightening, and I'm not sure of those implications as well as other taxation and liability issues.

As a non-profit organization with gross receipts of less than $ 200,000 and total assets at the end of the tax year less than $ 500,000, NorCal GSP Rescue files Form 990 - EZ, Short Form Return of Organization Exempt From Income Ttax year less than $ 500,000, NorCal GSP Rescue files Form 990 - EZ, Short Form Return of Organization Exempt From Income TaxTax.

He recognized the adverse tax consequences that would result from Mr. Dowling's receipt of the damage award as a lump sum and, in my view, correctly included a «gross - up» to offset the additional tax liability occasioned by receipt of the funds all at once, as opposed to over time.