Does anyone know of an interpretive letter or anything else that would help me to define what is meant by GAR to my lenders? Apparently telling them "use the gross annual revenue rather than the adjusted gross annual revenue" does not make it clear. They are asking what line to use from a Standard Financial Statement or Tax Return. I don't pretend to be an expert on Tax Forms.

Thanks for any input.

If you are looking at the Tax form I believe it is line 1. Gross Annual Revnue. You will not find it on the standard Financial statement becuse that does not include the business data. Tell your lenders to look at the Business Financials - Gross Revenue or Gross Sales. Ifr you are looking at a 1040 Tax Return you will want the Schedule C or the Schedule E

CS, pm me and I will share a list of sources, i.e. line #'s from the tax forms that can be used.