Items that a business buys with the intention of reselling them are exempt from sales taxes. However, the business has to charge sales tax when it does resell that item.
The fact that expenses are deducted, many items are exempt from sales tax and really the fact that it is very difficult to make any money at it.
No, school districts are not tax exempt under 501(c)(3). They are considered government entities and are exempt from federal income tax under a different provision of the tax code.
No, public schools are not tax exempt under 501(c)(3) because they are considered government entities and are not required to apply for tax-exempt status.
No, public schools are not tax exempt under section 501(c)(3) because they are considered government entities and are not required to apply for tax-exempt status.
Taxable bonds are subject to federal income tax on the interest earned, while tax-exempt bonds are not subject to federal income tax on the interest earned.
LC business be TAX EXEMPT NO NOT POSSIBLE FOR ANY TYPE OF LC BUSINESS TO BE TAX EXEMPT.
Not tax exempt would mean that it is subject to taxes. Yes you would tax any thing that is not exempt from taxes in your business operation.
No, only items under $100 dollars are exempt in VA's tax exempt holidays. I wish they were!
An exemption is something that is excluded. In taxes, there are various tax exemptions and types of income that are exempt from tax. There are also certain types of organizations that are exempt from tax.
Generally not...loses exemption if not used for the exempt purpose
MA sales tax free day for certain items is August 14 and 15 2010. You can find a list of items that are exempt from sales tax at the MASS gov website and use the search box for A Guide to Sales and Use Tax then choose Tax-Exempt Items mass.gov/?
NO - a tax EIN number is an Employer Identification Number. This is like a Social Security Number of sorts for a business. If a business is Incoporated and/or has employees this number identifies the business as such and is the number the payroll taxes are filed under. It has nothing to do with the tax exempt status.
No, not at all. In fact, many are denied tax exempt status. (And even if tax exempt...that pertains to only certain activities...with some minor exclusions -normal "business" done by a church (or any exempt) is taxable pretty much like a normal business.
Nontaxable items are goods and services that are exempt from sales tax under specific regulations. Common examples include certain food items, prescription medications, and some educational materials. Additionally, items purchased for resale or by tax-exempt organizations may also be classified as nontaxable. The specific list of nontaxable items can vary by jurisdiction and is subject to local tax laws.
There does not appear to be any scheduled tax free day in Ma. At this time August 5 2010. You can find a list of items that are exempt from sales tax at the MASS gov website and use the search box for A Guide to Sales and Use Tax then choose Tax-Exempt Items. http://www.mass.gov/?
Food items
there are two types of diesel, the standard daily driver kind and the commercial tax exempt kind. if you are running tax exempt diesel you will be fined.