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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.

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 …
Rocky's user avatar
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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 …
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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 …
Rocky's user avatar
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