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If you buy a gold or silver bullion coin or any coins from the US Mint, it does not charge a tax. Some States do have sales tax on numismatic items but the government does not tax you if you have gold and silver coins.

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Is cancellation of debt taxable in New Jersey?

On February 15, 2010 I called the State of New Jersey and asked this specific question. I was directed to reference a court case in 2000, Weintraub vs The Director. The State representative summarized the case by saying that cancellation of debt income, whether it be business or personal (such as credit card debt cancellation received on a 1099-C form) is NOT taxable for New Jersey state purposes. It is however, taxable at the federal level.


Is gain on sale of rental property taxable to a non resident of New York state?

Yes, both at the Federal and State levels. Your business activity made you taxable on this, and possibly other income, too NYS whether you reside there or not.


What percentage of wages is withheld from your pay check for taxes by the Arizona state government?

It depends on your gross earnings; The new withholding tables are based on a percentage of gross taxable wages. "Gross taxable wages" is the amount that meets the federal definition of "wages".


Are firewood log taxable in NJ?

Yes, firewood logs are generally subject to sales tax in New Jersey. The state considers firewood to be a tangible personal property, which means it falls under taxable items when sold. However, if the firewood is sold for use in residential heating, it may be exempt from tax; it's best to consult the New Jersey Division of Taxation for specific circumstances.


What is the sales tax on labor in NY?

Many services, such as labor, are generally taxable in New York state. Installation, repair and maintenance are considered taxable services. New York has a destination based sales tax, so the sales tax varies depending on the location you perform the services. New York has different rates for each county, city, and special district, so you will need a tax rate calculator to determine the proper tax rate to collect. Y

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