answersLogoWhite

0

i am going to filing in the form k but the department person asking the option letter there is any format is available or pl send one format copy

User Avatar

Wiki User

12y ago

What else can I help you with?

Continue Learning about Accounting

How much is sales tax in rockland ny?

According to the New York State Department of Taxation and Finance, the sales tax in Rockland is 8.375%.


What tax is paid by businesses only?

sales tax sales tax!


Sales Tax?

A business that sells products at retail will be required to collect sales tax from buyers and pay it to the state tax department. Sales tax is also collected in some cases on items offered for rent. Sales tax can also be collected by city and county governments. The federal government has never collected a sales tax by name, although it has imposed excise and use taxes throughout national history. Generally, businesses that sell only wholesale goods will not be collecting sales tax. Also, sales tax need only be collected on sales made within the state where the seller has a location. Remote sales by out of state sellers are not subject to sales tax. Furthermore, in most states, certain items are exempted in whole or in part from sales tax. Food purchased at a grocery store for home consumption, for example, is exempted from sales tax in many states, although more and more, states are imposing a progressive sales tax rate even on grocery food. There are also certain types of tax which resemble sales tax in their application and effect, but which are technically not sales taxes. These include excise taxes, imposed on a narrow range of items, including gasoline, liquor, and rental cars; use tax, intended for imposition on users of goods purchased without sales tax, such as from out of state; and securities turnover excise tax, imposed on the sale of securities. A business must be licensed or authorized to collect sales tax. Sales tax permits are issued by a state agency, such as the Department of Revenue or another similar agency. Cities may also issues sales tax licenses.


How do you Gross up sales tax?

Sales Tax / Sales Tax Rate = Gross Sale


Percent of sales tax for 1075 and sales tax is 43?

If an item costs $1,075.00 and the value of the sales tax is $43.00, the percentage of sales tax is 4%

Related Questions

How do you write a letter to sales tax department?

leader 2009-2010


Your department store receipt says that you paid a 5% sales tax on sports equipment. This sales tax is an example of a _____.?

regressive tax


What if your department store receipt says you paid a 5 percent sales tax on sports equipment this sales tax is an example of?

It is a proportional tax.


Statute of limitations on sales tax filing in Michigan?

6 years from the letter of intent to levy; however arbitrary by the department of treasury.


How much is sales tax in rockland ny?

According to the New York State Department of Taxation and Finance, the sales tax in Rockland is 8.375%.


Do you have to pay sales tax if you buy a used car?

Yes. You pay the sales tax to the dealership. If you buy from someone who is not a dealer, then the highway department will collect it from you.


Where can you get sample of 401K hardship letter?

You can get a sample of a 401K hardship letter at the IRS website. You can also get a copy from your CPA or tax person.


How are taxes collected in a kingdom?

By the taxation department in sales tax, gst, value added or income tax the same as anywhere else.


What day in 2010 is tax free on sales in 2010?

You do not have any income tax free day. It is possible that your state could have a sales tax free day. Go to your state sales tax department and check to see if they are having one in your state. You can also try the below enclosed website address


What's the percentage of sales tax for business that must be paid?

The percentage of sales tax that must be paid by businesses varies from state to state. Contact your state revenue department for more information.


Is there sales tax on labor for masonry in ct?

In Connecticut, sales tax is not typically applied to labor charges for services, including masonry work. However, materials used in the project may be subject to sales tax. It's recommended to consult with a tax professional or the Connecticut Department of Revenue Services for specific guidance.


Does dealer get a percent of sales tax or state tax?

I am not aware of every states sales tax regulations, but here in Georgia, the store who collects the sales tax receives a small fee of 3% of the tax if they filed and paid all taxes due to the state department of revenue on time. If it was not paid and filed on time they forfeit this "vendor's compensation".