While revenue itself is not an expense category to be analyzed, gross revenue is an integral part of the R&D tax credit computation. Like each type of entity (Partnership, SCorp, CCorp, etc.) has its own tax forms, where we find revenue in each of those tax forms is a little different. Below, we will go through the various tax form types and where we might be able to find each element needed to compute total revenue.
Form 1120 |
Form 1120S |
Form 1065 |
Schedule C |
|
---|---|---|---|---|
Gross Receipts |
Line 1c |
Line 1c |
Line 1c |
Part 1, Line 3 |
Dividends |
Line 4 |
No Entry Required |
No Entry Required |
No Entry Required |
Interest |
Line 5 |
No Entry Required |
No Entry Required |
No Entry Required |
Rental Income |
Line 6 |
No Entry Required |
No Entry Required |
No Entry Required |
Royalties |
Line 7 |
No Entry Required |
No Entry Required |
No Entry Required |
Other Income |
Line 10 |
Line 5 |
Line 7 |
Line 6 |
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