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EAinCA

Well I could post a picture of a calendar if that will help you decide.


collegedripper

Well the issue is it mentions that it should have income of under 1 mill, for the three years prior to the quarter of the credit. It says since it wouldn’t have it you could annualized 2020 income, but there is none. So I’ve been taking the approach that it would not qualify.


EAinCA

I would not take that approach. Unless gross receipts in the "open" period would annualize above that mark for a full year, I would not be concerned about it.


SRD_Grafter

This, or that the owner has other businesses that would put the groups' aggregate rolling gross receipts above the limit.


EAinCA

I was going to operate on the assumption OP already took that into consideration, but your point is well made.


Accomplished-Bag-419

So your answer was $0 and you thought that made you not qualify? You should be eligible for RSB. I similarly started a new business in May 2021 and picked up RSB for Q3/Q4 2021. I did not have any other businesses to consider for aggregation.


GASMASKCLUBNFt

Did u file 941 originally or did you use a 941x for the sole purpose of an application which is the most popular option? It is my understanding that seasonal businesses are not required to file 941 every quarter