0
What is the penalty for a business who has collected sales tax and has not paid it to the state?
Bank foreclosures hapepn a lot faster. Unpaid property taxes are often added to the next year's tax rather than forcing the issue, and there are certain legal notification requirements that taxing authorities must perform before a foreclosure can begin. Often, it's by publishing a list of delinquent property owners in the newspaper. Most eventually pay up. I know of landlords with cash flow problems who routinely pay late. Their names appear in the paper every year. They view the interest and penalties added to the tax bill as a cost of doing business.Banks don't have to follow the same rules and they can't raise taxes to cover their losses. They must act quicker, and they do.
What else can I help you with?
Who collects sales tax?
Sales tax is collected by the seller and then passed on to the State.
Are sales taxes collected by state county and municipal levels?
Sales taxes are collected by every state except Alaska, Montana, New Hampshire, Oregon, and Delaware. Alaska itself does not collect sales tax but it allows Counties and Cities to collect them. Counties and Cities across the country are allowed to collect sales taxes for different used depending on the laws within that state.
Do you have to charge sales tax on the merchandise you sell in a home business?
Whether you need to collect sales tax depends on where you and your customer is located. If your customers are in the same state as the physical location of your business, they owe sales tax on items. If you are shipping merchandise to a state where your business does not have a location, you will not need to collect 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.
Do you charge taxes on your internet sales?
Only in your home state or in any state in which you are deemed to be "doing business', such as where you own a warehouse for fulfilling sales.
Are state sales taxes collected on food items in Florida?
No
Who collects sales tax?
Sales tax is collected by the seller and then passed on to the State.
Which of the following is an example of a tax collected by the state of Georgia?
Sales tax is an example of a tax collected by the state of Georgia.
Who does a business owe its sales tax to?
The State that they do business in
Are sales taxes collected by state county and municipal levels?
Sales taxes are collected by every state except Alaska, Montana, New Hampshire, Oregon, and Delaware. Alaska itself does not collect sales tax but it allows Counties and Cities to collect them. Counties and Cities across the country are allowed to collect sales taxes for different used depending on the laws within that state.
Who collect tax?
Sales tax is collected by the seller and then passed on to the State.
If you live in a state and pay for training in a different state but you don't live there do you pay sales tax?
Sales tax is usually collected on all sales within a state, regardless of where the purchaser lives. The primary exceptions are some sales made over the Internet and sales made to tax-exempt organizations.
What would you do with sales tax?
The first thing you need to do is find out if your new state is an ... states, sales tax should be collected based on where you, the seller, is located.
Do you have to charge sales tax on the merchandise you sell in a home business?
Whether you need to collect sales tax depends on where you and your customer is located. If your customers are in the same state as the physical location of your business, they owe sales tax on items. If you are shipping merchandise to a state where your business does not have a location, you will not need to collect 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.
Do you charge taxes on your internet sales?
Only in your home state or in any state in which you are deemed to be "doing business', such as where you own a warehouse for fulfilling sales.
How are taxed collected?
They are collected by the state.
