tax return 1120: Enter gross receipts data for the previous 3 tax years in the Base Erosion Tax screen

skyworks · ‎02-05-2022

Hi,

1120 Corp tax return (2020) Came cross a critical dignostic:

Enter gross receipts data for the previous 3 tax years in the Base Erosion Tax screen in order to determine whether or not Form 8990 and/or Form 8991 are required to be filed.

Need fill Gross Receipts for the 3 Preceding Tax Years, is this gross receipts of the taxpayer or the Corp?

Thanks!

sjrcpa · ‎02-05-2022

The Corp, which is the taxpayer for a corporate return.

The more I know the more I don’t know.

skyworks · ‎02-05-2022

thanks, I would say is Corp, but the "Gross receipts of the taxpayer" really got me confused.