Sales taxes – TaxMama.com

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Business Tax Returns

Posted on September 8, 2015February 22, 2016 by TaxMama

08
Sep

Today TaxMama® wants to talk about the upcoming tax filing deadline on September 15th for calendar year entities. Returns that are due include partnerships, corporations – C & S, certain estates and trusts. It’s important to know what to get ready for your tax pro or you.

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*Tax Quips, Construction, Sales taxes, State Taxes

Construction Sales Tax

Posted on February 20, 2013December 28, 2021 by TaxMama

Today TaxMama® hears from Yimmy in the TaxQuips Forum, who wants to know. “I moved into a newly constructed home in Oct.https://www.giveapint.org/wp-content/languages/new/propecia.html 2012. Are the sales taxes paid on the construction materials used in building the home tax deductible?buy cipro online www.mabvi.org/wp-content/languages/new/usa/cipro.html no prescription The home is in Georgia.”

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*Tax Quips, Business, Sales taxes

Sold and Re-Sold

Posted on November 8, 2012 by TaxMama

Today TaxMama® hears from Mike in the TaxQuips Forum, who asks a logical question. “I sell collectible cards in NC. I collect sales tax on new product (such as a new pack of 15 cards). The question is, if I buy a single card from someone who just bought that pack of 15 new cards […]

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*Tax Quips, Bookkeeping, Sales taxes

Lawn Vendor Tax

Posted on October 25, 2012 by TaxMama

Today TaxMama® hears from Don with this intriguing question. “My homeowner’s association had a lawn vendor that didn’t charge sales tax for several years. He charged us all at once. Now that the payment is made, what is the correct account to which to charge the payment?”

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*AskTaxMama Newsletter, IRS News, Sales taxes

Sales Tax Holidays Coming Your Way

Posted on June 1, 2012 by TaxMama

Courtesy of https://www.taxadmin.org Take advantage of sales tax holidays to plan you major purchases. You’ll find sales tax relief for home improvements, computers and other useful expenditures during the summer – then back to school purchases at the end of the summer season. You’ll find the list of states and dates here:

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*Tax Quips, Sales taxes, Use tax

Tax On Used Car

Posted on May 17, 2012 by TaxMama

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 […]

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*Tax Quips, California, Sales taxes, State Taxes, Use tax

Reporting Sales Tax Collected on Personal Return

Posted on March 19, 2012 by TaxMama

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 […]

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*Tax Quips, Business, Business Development and Marketing, Employees, Paying Taxes, Payroll, Sales taxes, Tax Debt, Unfiled Tax Returns

Buying a Business

Posted on November 17, 2011November 17, 2011 by TaxMama

Today TaxMama hears from Josh in the TaxQuips Forum who is concerned. “I’m interested in purchasing a business which was owned by a sole proprietor. He owes back taxes. Would I be liable for those back taxes if I purchase this business?”

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*Tax Quips, Gifts, Sales and Exchanges, Sales taxes

Gift Tax Giddiness

Posted on November 16, 2011November 16, 2011 by TaxMama

Today TaxMama hears from Thomas in the TaxQuips Forum who is in a bind. “Thomas bought a used car from a rental agency, paying by wire transfer, then suddenly got called out of town before he could pick it up. They cannot wait the one, itsy-bitsy, extra day for him to return, so his girlfriend […]

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*AskTaxMama Newsletter, IRS News, Nexus, Sales taxes, Use tax

Board of Equalization Approves Use Tax Look-Up Table for 2011

Posted on July 28, 2011July 28, 2011 by TaxMama

Betty T. Yee, First District Member of the California State Board of Equalization (BOE), today announced that the Board approved the 2011 Use Tax Look-Up Table for calculating and reporting estimated California use tax on individuals’ state income tax returns. The intent of the table is to make it more convenient for taxpayers not registered […]

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*AskTaxMama Newsletter, IRS News, Nexus, Sales taxes

The Amazon Bill

Posted on July 8, 2011November 6, 2021 by TaxMama

[Note: Chapter 12 of Small Business Taxes Made Easy is all about this issue. We have been anticipating this in California and other major states for quite some time now.] The state of California finally passed a budget which seems to be balanced on the basis of charging sales tax to Amazon.com and similar online […]

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*Tax Quips, Business, Business Expenses, Sales taxes

Sales Tax Expense

Posted on May 16, 2011 by TaxMama

Today TaxMama hears from Sirian in the TaxQuips Forum with a concern. He says, “I am an Internet marketer & web developer. I have always collected state sales tax for my clients in my state (Texas). When filing my Federal taxes I usually include the full income (including all state sales tax collected) in the reported […]

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