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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.
What else can I help you with?
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
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.
A tax imposed on so-called luxury items which is paid in addition to a sales tax is called a?
excise tax
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).
Who pays the sales tax for items you receive a commission on?
The sales tax for items you receive a commission on is typically paid by the buyer at the point of sale. As a commission-based seller, you may be responsible for collecting the sales tax from the customer and then remitting it to the appropriate tax authority. However, the specific responsibilities can vary depending on the jurisdiction and the terms of the sales agreement. It's important to check local regulations to ensure compliance.
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!
