Author Topic: What is Gross Income for Micro Entity?  (Read 25847 times)

Brad

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What is Gross Income for Micro Entity?
« Reply #150 on: April 13, 2013, 10:52:06 AM »
Gross Income:  All income received by the applicant from whatever source during the past calendar year.

Notes:
-Do not include income from your spouse or other family members.
-Do not include deductions or expenses.
-Includes non-cash income such as fringe benefits.
-Not the same as adjusted gross income (AGI) as shown on US tax returns. 

*Each inventor should fill this out separately.

When in doubt, be safe and include the income regardless of the source. 
« Last Edit: April 15, 2013, 07:46:02 AM by Brad »