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How do I get reimbursed for sales tax paid on items that were resold?
Wiki User
∙ 14y ago
Sales tax laws vary greatly from state to state and consequences for incorrect filing can be severe. I recommend you check with your individual state's website for further information.
In my state, Texas, if the error is caught within thirty days, you can deduct the amount of the purchased goods from the total purchases the following month. This allows you to take a "credit" on the next month's return. If you have no purchases, or if the error is not caught before 30 days, then there is a specific form to complete to request the refund from the state directly.
Again, check with your state's office to ensure proper reporting.
Wiki User
∙ 14y ago
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What is the definition of the term 'reimbursed'?
Reimbursed means getting paid for items that were damage. It could be items that were destroyed in a weather situation or if you had insurance on that item.
Are items on sale taxed at the original price or the sales price?
Items that you buy are taxed on the actual amount that you paid for them.
Do you get reimbursed for gas receipts if you are getting paid mileage?
no
What are retail marketing considerations?
Sometimes called "spiffs", these are essentially cash bonuses paid to retail sales personnel to sell particular items or lines. They are paid either by manufacturers to push their products or by the retailer to encourage sales of slow-moving items.
Can you be reimbursed for property taxes from estate?
If the property is in the estate, the estate is responsible for them. You are entitled to be reimbursed if you have paid them for the estate. Submit your claim to the executor.
What is a Sales slip that is marked paid?
a sales silp that is marked paid a sales silp that is marked paid a sales silp that is marked paid
A tax imposed on so-called luxury items which is paid in addition to a sales tax is called a?
excise tax
What does the term mean reimbursement mean?
Reimbursement means paying someone back for something. Like, if you lend money, you will be reimbursed when paid back. But you can also reimbursed for your time or effort, etc, or if someone damaged your property, you can be reimbursed for that.
How do you spell bursed?
The likely word is burst (blew up, exploded, popped).The similar verb forms are imbursed/reimbursed (paid) and disbursed (paid, gave out).
What are use and sales taxe?
Sales tax is a tax paid to a business by another business or an individual when they buy something. For example, when someone buys groceries, they pay sales tax in addition to the purchase price. When businesses buy items that they do not directly use, but are involved in some way in doing business with their customers, they do not pay sales tax. If the item is sold, the customer pays sales tax. However, some businesses do not directly resell items they buy without paying sales tax on them. For example, a business that has service contracts would not charge their customer for the items provided as part of the service contracts. In that situation, the purchasing business pays a "use tax" on the items they purchase in order to deliver on the service contracts. The customer, who has the service contract, never sees a bill for the item(s) or the use tax paid for them.
What are on account sales?
Sales transacted for which we have not yet been paid.
What tax is paid by businesses only?
sales tax sales tax!
