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Cal LLC Gross Receipts tax

October 11, 2016 • Charles Strand • Log In to Post Comments

This year my tax software reduced the amount of gross income subject to the gross receipts tax by cost of goods, and in prior years it did not. Several years ago I used TaxWise and it also reduce the gross subject to the tax by the amount of cost of goods, and years ago   Lacerte did not but taxed the total gross before COG what is correct?


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Total income for the fee is before cost of goods.

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