Targeted EIDL Advance and Supplemental Targeted Advance

Technical topics regarding tax preparation.
#1
Joanna  
Posts:
5
Joined:
5-Jan-2021 9:41am
Location:
Jacksonville, FL
I am applying for a client for an EIDL Advance. My client has a Podiatry clinic and received payments from Health Resources & services Administrator as part of the COVID help. They were reported as Other income. Additionally, my client received a PPP loan. Should they be included in gross receipts number? Do you have any experience?

The SBA's definition of gross receipts is:

Gross receipts include all revenue in whatever form received or accrued (in accordance with the
entity’s accounting method) from whatever source, including from the sales of products or
services, interest, dividends, rents, royalties, fees or commissions, reduced by returns and
allowances for the applicant business.
 

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