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BUSINESS INCOME AND RECEIPTS TAX SUSTAINABLE BUSINESS TAX CREDIT 2017 APPLICATION Philadelphia Code Section 192604(10) PLEASE PRINT OR TYPE ALL INFORMATION. BUSINESS NAME:CITY TAX ACCOUNT NUMBER:BUSINESS

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How to fill out business income and receipts

01

Gather all the necessary financial documents such as sales receipts, invoices, and bank statements.

02

Calculate the total amount of business income by adding up all the sales receipts and invoices.

03

Deduct any returns or refunds from the total amount of business income.

04

Include any other sources of income related to your business, such as rental income or interest earned.

05

Fill out the appropriate sections of the business income and receipts form, providing accurate and detailed information.

06

Double-check all the calculations and ensure that all the numbers are entered correctly.

07

Submit the completed business income and receipts form to the relevant authority or include it with your tax return.

Who needs business income and receipts?

01

Business owners and self-employed individuals who generate income through their business activities need to fill out business income and receipts. It is a requirement for accurately reporting their business income and ensuring compliance with tax regulations.

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What is business income and receipts?

Business income and receipts refer to the total revenue and earnings generated by a business operation.

Who is required to file business income and receipts?

Business owners and individuals who have earned income from a business are required to file business income and receipts.

How to fill out business income and receipts?

To fill out business income and receipts, one must provide accurate information on income, expenses, and receipts generated by the business operation.

What is the purpose of business income and receipts?

The purpose of business income and receipts is to track and report the financial performance of a business operation for tax and regulatory purposes.

What information must be reported on business income and receipts?

Information such as total revenue, expenses, receipts, and other financial details must be reported on business income and receipts.

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