Must a taxpayer report gross receipts and calculate taxes on all gross receipts classifications in order to sign up for SCF?
No. A taxpayer need not report gross receipts and calculate taxes on all gross receipts classifications in order to sign up for SCF. Since this is a self-reporting tax, there is no initial proof required that the taxpayer does in fact qualify for SCF. The taxpayer merely elects SCF at any renewal and designates and reports all gross receipts under the primary category.
Related Questions
- I am registered as a CAT taxpayer and my taxable gross receipts will be below $150,000 for the calendar year. Do I have to pay the minimum tax for that calendar year?
- How does a utility company get set up to report and pay the miscellaneous gross receipts tax?
- What is a gross receipts tax, as in Delaware?
