Today TaxMama® hears from Blake in the TaxQuips Forum who is upset. “I bought a used car last December for $8,000. The car was owned by an individual who apparently had a business bank account where he deposited the money. The bill of sale just says his name on it, no company. How can the […]
Today TaxMama® hears from Della in the TaxQuips Forum with this brief question. “I live in California and I am an online seller. I have received a Form 1099 K. Where do I report my sales tax that I should have collected from California buyers? The question is where do I report this information on […]
Today TaxMama hears from TaxDaughter in the TaxQuips Forum, who just received some unpleasant news. “My new accountant asked me to give him a summary of all my Internet purchases. He says California will assess taxes on the Internet sales since they have been escaping tax before. 1. Is this a newly enforced California Law? […]
A number of important things happened in California recently. In this flash e-mail from Spidell Publishing Inc, they have listed each item they think you will want to know about. Visit the Hot News and Notes section of www.caltax.com where you’ll find details on all of these items.
Interestingly enough, this information came from an Internet information newsletter, not a tax newsletter. In brief: NY State hit Amazon.com for sales taxes even though Amazon does not have a physical location in the state. Amazon is suing, claiming the New York law is unconstitutional based on a 1992 U.S. Supreme Court ruling that claims […]
Today TaxMama hears from Mark in New Jersey, who’s upset , “I just got a letter saying NJ wants $535.00 in tax on cigarettes that I bought for my wife online in 2003. Is there a time limit on my obligations for these taxes? Am I really liable to have to pay this much money? […]