2006-08-28 12:41:17 · 4 answers · asked by kysonubi 1 in Business & Finance ➔ Taxes ➔ United States
For starters, filing sales and use taxes can be complicated.
First, you have to register with each state that you or your employees will be soliciting sales or personally delivering goods. If you or your employees are not going to be in a state soliciting sales or personally delivering goods, then you do not need to collect their taxes when you make a sale.
Once you are granted permission to be a registered sales tax vendor in each state, then you need to be aware of the different sales tax laws for each state. Also, you will need to be aware of the different tax rates that exist in each state. Sales taxes can be broken down into different elements; state, county, city, district, and special taxes. For example, in New York State, the tax rate ranges from 7% to 9.5% depending on where the goods are sold or shipped. In Illinois and Texas, the tax rate charged depends on where you conduct the sale regardless of where it is shipped.
Then, you will have to keep track of all of your sales to be sure that you are collecting sales tax for each state. This is when you start filing sales and use tax returns for each state. Depending on the amount of tax that you collect, the State may want you to remit the taxes on an annual, quarterly, or monthly basis. Remember, any tax that you collect MUST be remitted to each state. It is NOT your money. Don't spend it.
You only need to worry about filing use taxes on goods that you purchase and no tax is charged. For example, if you buy office supplies from your local store and pay sales tax, then no use tax is due. However, if you purchase the office supplies and the vendor does not charge sales tax, then use tax is due on the office supplies. These purchases need to be accounted for on the sales and use tax return for that state where the purchase was made.
2006-08-29 12:14:05 · answer #1 · answered by Steve 6 · 0⤊ 0⤋
Every state is different. When you got your seller's permit you should have gotten information on how to remit the taxes. You'll have to provide a lot more info to get any useful help.
2006-08-28 15:13:48 · answer #2 · answered by misslabeled 7 · 0⤊ 0⤋
It will depend on your state. Normally you will get instructions when you apply for a resale permit. In some cases you can add use tax payments to your state income taxes
2006-08-28 13:47:27 · answer #3 · answered by ? 6 · 0⤊ 0⤋
It will depend in what state you live in. Bye.
Sincerely,
Samantha Thompson
E-mail me if you have any questions.
lil_samiam101@ yahoo.com
2006-09-01 06:00:06 · answer #4 · answered by Sam 4 · 0⤊ 0⤋