Glossary • Updated 2026
Gross Receipts
Total revenue before deductions: the base California’s LLC fee keys off (plus COGS).
In detail
Schedule IW total = gross income + cost of goods sold attributable to California.
A loss year above $250k still pays the full tier fee.
Most common surprise in California entity taxation.
Where it matters
More definitions
Sources
- Cal. Rev. & Tax Code; 8 Del. C.; Wyo. Stat. Title 17; FTB/SOS glossaries