as to conditions and operation CRITERIA FOR LARGE TAXPAYERS Flashcards
1
Q
Gross receipts or sales
A
1,000,000,000 in a yr. (total annual gross sales or receipts
2
Q
Net Worth
A
300,000,00 at yr. end (total net worth at the close of each calendar or fiscal yr.)
3
Q
Gross Purchases
A
800,000,000 (800M) in the preceding yr. (total annual purchases for the preceding yr.)