Payroll taxes, may not be excluded from gross receipts. Makes at a customer’s request, investment income, and employee-based costs such as
proceeds from transactions between a concern and its domestic or foreign affiliates and amounts collected for another by a travel agent, real estate agent, advertising agent, conference management service provider, freight forwarder or customs broker.Īll other items, such as subcontractor costs, reimbursements for purchases a contractor.taxes collected for and remitted to a taxing authority if included in gross or total income, such as sales or other taxes collected from customers (this does not include taxes levied on the concern or its employees).Gross receipts do not include the following: These terms carry the definitions used and reported on IRS tax return forms.