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Results tagged with sales-tax
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user 20692
For questions relating to taxes collected on the sale of goods and services. In most cases, a country, region, or state/province tag should be included as well.
0
votes
I accidentally charged sales tax to a tax exempt client. Can I simply refund them?
Yes -- you can refund the sales tax and adjust your return. Make sure you have a copy of your customer's reseller permit on file.
If the item sold was for their own use (instead of resale), then sale …
- 24.4k
1
vote
Taxes on raffle winnings
For simplicity, let's say you're taxed 10% on the car and any other winnings. If the car is valued at $100,000, then you need to pay $10,000 out of pocket. If they give you $10,000, then you are taxed …
- 24.4k
12
votes
Sales tax "trick" while buying a used car; i.e. declaring sale at lower than actual transact...
You can point out the following to the buyer when talking him out of trying to cheat on his taxes:
As the buyer, the reward from the crime is so small and the penalties so high, it's simply not worth …
- 24.4k