What is a "large operating company"?
44 views |Last modified 7/19/2024 3:42:11 AM EST | Added by TaxBandits Team
If the company meets all of the following categories, it may be considered a "large operating company":
- The company should have more than 20 full-time employees in the United States.
- Maintaining an operational presence at a physical office in the United States indicates that the business operates from a physical location within the country.
- The company should have filed a Federal income tax or information return in the United States for the previous year, showing gross receipts or sales exceeding $5,000,000, excluding any income from sources outside the United States.
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