I'm trying to open an online business but I dont know if I charge sales tax to my customers?

Question

I'm opening a home based website store out of MO. I need to know if I charge tax or get taxed on the products I buy and sell. Any Lawyers out there that can help?

Answer 1

I work in the legal field in California. However, I found this site (first link) through a network of legal helps which I recommend to you. I'm not sure of all the details of your business, but you may need to apply for a "Sales Tax Permit" in Missouri.

The second link will take you directly to your State's Department of Revenue web page. Here, you'll find a link which will walk you through the steps of qualification (and the forms necessary, if you do qualify).

Good luck!

Answer 2

A revenues tax is a tax on intake and is mostly a undeniable proportion this is further onto the cost of goods or amenities that are offered. revenues taxes interior the USA are assessed by utilising each state different than Alaska, Delaware, Montana, New Hampshire and Oregon. Hawaii has a matching tax regardless of the certainty that that's charged to agencies rather of shoppers. now and back, revenues taxes are additionally assessed on the county or municipal point. at an analogous time as there is not any national revenues tax interior the USA, the honest Tax Act, which might replace maximum federal taxes with a revenues tax and month-to-month rebate, has attracted the maximum variety of cosponsors between tax reform proposals interior the USA Congress, amassing a lot greater advantageous help than regular flat tax legislations. revenues tax is often the accountability of the service provider to collect and remand to the state, and stated one by one (or implicitly further on the time of sale) to clientele. usually in hassle-free terms clientele are charged the tax; resellers are exempt in the event that they do no longer hire the products. In some jurisdictions, a reseller's certificates is had to make the main of this privilege. this is in assessment to a cost further Tax (VAT), the place resellers are additionally taxed (resellers could then declare the VAT paid on their purchases from the suitable authority). States that have exemptions for specific varieties of agencies (including faculties), could additionally require a certificates. A revenues tax audit is the examination of a employer’s financial records by utilising the state’s tax business enterprise to ascertain in the event that they have gathered the main appropriate quantity of revenues tax from their clientele.

Answer 3

At this point in time, you only need to charge sales tax for sales that originate in your state (people who order, from your home state). Be sure to charge the state sales tax, and then the county discretionary tax. Our online store has a tax service that sets it up fairly easily. Word to the wise, keep track of it each month, it makes it alot easier the day the taxes are due (generally quarterly).

**Keep in mind, they are attempting legislation that would make us online retailers collect EVERY state sales tax. For us smaller companies, under 1million, this would be a paper tiger, a nightmare.....fight the power!

Answer 4

Your business license will authorize and require you to collect sales taxes in the state of MO. You would give your license number to any suppliers to avoid paying sales tax.

Answer 5

You purchase using your sales tax exempt ID # and charge sales tax to your MO customers only.

Answer 6

If you pay taxes on items you buy, you should then in turn charge tax on the items you sell. If you pay all the taxes (buying and not charging) your business will show no profit.

Answer 7

kay this is really weird... My boyfriend is trying to do the same thing and his name is Danny B...is this you?