if neon lights LLC has gross receipts of $2? million for the taxable year, they will...
if neon lights LLC has gross receipts of $2? million for the taxable year, they will not be considered an SSTB if less than
if less than what percentage of their gross receipts are attributable to an SSTB category?
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Answer:
According to the recent SSTB act, released on 199A regulations, it provides a de minimis exception to SSTB classification. For any businesses (Neon Lights LLC in this case), with gross receipts of less than $25 million , the business cannot be classified an SSTB if 10% or less of the gross receipts are attributable to the performance of services in a disqualified field.
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if neon lights LLC has gross receipts of $2? million
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