𝗦𝗠𝗔𝗟𝗟 𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦 𝗧𝗔𝗫𝗣𝗔𝗬𝗘𝗥 You qualify as a small business taxpayer if you (a) have average annual gross receipts of $26 million or less for the 3 prior tax years and (b) are not a tax shelter (as defined in section 448(d)(3)). If your business has not been in existence for all of the 3 tax-year period used in figuring average gross receipts, base your average on the period it has existed, and if your business has a predecessor entity, include the gross receipts of the predecessor entity from the 3 tax-year period when figuring average gross receipts. If your business (or predecessor entity) had short taxable years for any of the 3 tax-year period, annualize your business' gross receipts for the short tax years that are part of the 3 tax-year period. Source: @irsnews Photo Credit: @photoshop #smallbusinesstaxpayer #stephensbros #afrocuban #cubanbusinesses #cuban #smallbusiness (at Havana, Cuba) https://www.instagram.com/p/CBlFK8_DA8b/?igshid=1l3yf3guw3fmm