I need to know to pay for a privilege license application for the city.
A few points of clarification would be helpful. By net income do you mean taxable income?
By a business return if you are referring to a corporate return then it would be a Form 1120. On the Form 1120 for tax year 2011 taxable income is line 30.
Here are the sites for the Form 1120 and the instructions:
Please note that the section on income begins on page 7 of the instructions for Form 1120.
Also, line 28 of Form 1120 is "taxable income before NOL deductions and special deductions" which is explained on page 13 of the instructions.
Hope this helps!
The net income will generally be on the first page of the tax return towards the bottom. It will generally be labeled "profit/(loss)" or something along those lines.
Evan A. Nielsen
1255 W. Colton Ave., #506 | Redlands, CA 92374
Main: 909.363.4658 | Fax: 480.304.3211
Mention this Post for a free consultation.
If they want your Net Income, they would look on your income statement. But as the previous attorney states, this is not your taxable income.
Bellevue Tax Lawyer
Everett Tax Lawyer
Seattle Offer In Compromise
Employment And Payroll Tax Attorney
IRS Tax Audit Attorney
IRS Tax Lien Attorney
IRS Tax Levy and Wage Garnishment Lawyer
Washington Sales and Business and Occupation(B&O) Tax Audit
Seattle Tax Court Lawyer
Innocent Spouse Relief
Business Tax Attorney
IRS Tax Penalty Relief Attorney