2007-04-16 02:39:46 · 4 answers · asked by A C 1 in Business & Finance ➔ Taxes ➔ United States
yes
2007-04-16 02:50:08 · answer #1 · answered by Jo Blo 6 · 0⤊ 1⤋
It depends on the agency but probably not.
Sales taxes are "Trust Fund Taxes" and, as such, the money you collect is never considered yours. You are just collecting it on behalf of the state. Their attitude tends to be that you should have been putting it aside as you collect it.
States are usually much more willing accept payments on income taxes but not sales taxes. The penalties and interest will be quite high. You are much better off trying to find the money somewhere else.
2007-04-16 09:51:01 · answer #2 · answered by Wayne Z 7 · 2⤊ 0⤋
If you collected sales tax and are now due to remit it to the state, they won't be real happy if you spent it on something else and now don't have it to pay. It's not your money, you're just collecting it for the state. Call the agency you're supposed to remit it to. If you don't have it, they'll take payments, but there will very possibly be a fine.
2007-04-16 11:58:09 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
sales tax is paid when the item/service is bought, income tax can be paid in installments if it is 25,000.00 dollars or less & if you fill out an irs form for making the installments
2007-04-16 09:48:32 · answer #4 · answered by curiousgeorge 5 · 0⤊ 1⤋