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A typical garage sale is not subject to taxes, and therefore usually does not need a tax number. However, depending on conditions, taxes may be due and/or a tax number may be required. If the garage sales provide significant income, then they are subject to taxes that must be paid with income taxes, filed under the SSN of the operator. If the operator has no SSN and cannot file for one, then they must file for an ITIN. Finally, if the garage sales can be classified as a business, they must have an EIN.
What else can I help you with?
Laws concerning garage sales?
Laws concerning garage sales can vary depending on your location. Generally, it's important to check with your local city or county government to see if you need a permit to hold a garage sale, if there are restrictions on where and when you can hold the sale, and if there are any specific rules you need to follow regarding signage or sales tax collection. It's always best to comply with local regulations to avoid any potential fines or penalties.
How many digit in local sale tax number?
eleven
What is the sale tax of an item that is 2000 dollars?
Sales tax varies from place to place. You need to identify what the sales tax is in the area where you are selling the item
Should Californian business owner charge a buyer from Chicago sales tax for an item that will be resold in Chicago and the buyer do not have a valid seller's permit?
If the sale is via the internet and the California seller has no Illinois location, then no, you don't need to charge Illinois sales tax. You'll need to consult California tax law to know whether to charge him California tax, but probably don't need to charge it either. If the sale is in person in California, then yes, you should charge him California sales tax. If the sale is via the phone you could probably get away with calling it an internet sale and skip the tax, although it depends more on California tax law than Illinois tax law.
What is sales tax and why it is paid?
sale tax is a tax on sale of goods it is levied for the revenue purpose to the state government
How do you fig out the sale tax on 1500 with 5.5 sale tax?
If your talking about figuring the 5.5% tax on $1,500 sales...then this is how you do it. First you need to make the 5.5% into decimal format, which is .055. Then you multiply it with $1500. That'll make the total tax for your item to equal: $82.50. Then for your complete total, it would be $1,582.50 with tax and all.
What is the sale tax on a suit priced at 150 if the sale tax rate is 5 percent?
The total tax is $7.50 and the total price with tax is $157.50.
Do you report the sale of land to a family member?
You need to report the sale. The deed needs to be reported, the taxes evaluated and their may be income tax consequences.
Sales tax for auto sale in Minnesota Does the seller charge the tax?
Dealer sale yes. In a private sale the tax is collected when the new owner transfers the title at the DMV.
Is sales tax charged on sale in the course of import?
No Sale tax is not charged for Sale in Course of Import. It is considered as a stock transfer.
What is a tax on the sale or manufacture of a good?
Excise Tax
What is a tax on the sale manufacture of a good?
Excise Tax
