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5 Total amount due Sum of lines 2 3 and 4 TO P. O. BOX 5 GATLINBURG TN 37738 PLEASE PRINT BUSINESS NAME AND ADDRESS BELOW IF BLANK OR INCORRECT. YOUR TAXES BECOME DELINQUENT THE 21ST DAY OF THE MONTH FOLLOWING THE PERIOD COVERED. ON THE FORMS ENCLOSED ENTER MONTH COVERED. YOUR GROSS RECEIPTS TOTAL TAX DUE AND ANY PENALTY AND INTEREST DUE* TOTAL LINES 2 3 AND 4 AND ENTER THE TOTAL AMOUNT IN LINE 5 1 Total Gross Receipts for Month 3 Penalty 5 of tax for each 30 days or fraction thereof delinquent ...

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Where is the annual gross receipts on tax return?

If you operate your business as a Sole Proprietorship or a single-member Limited Liability Company (LLC), gross receipts go on Schedule C of your IRS Form 1040.

What is Tennessee gross receipts tax?

Tennessee also levies a low-rate gross receipts tax on all businesses that have nexus in the state. Rates range from 0.02 percent to 0.3 percent, depending on business classifications.

What states have gross receipts tax?

Seven states (Delaware, Nevada, Ohio, Oregon, Tennessee, Texas, and Washington) currently levy gross receipts taxes, while several others, including Pennsylvania, Virginia, and West Virginia, permit local taxes imposed on a gross receipts base.

What are examples of gross receipts?

Gross receipts include all revenue in whatever form received or accrued (in accordance with the entity's accounting method) from whatever source, including from the sales of products or services, interest, dividends, rents, royalties, fees, or commissions, reduced by returns and allowances.

What financial report shows gross receipts?

Total gross receipts and other income are integral to the \u201ctotal revenues\u201d section of an income statement -- the other name for a statement of profit and loss, report on income or P&L.

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