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What is sales tax?

 
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Category : > Sales Tax ID
Posted On : Sat Aug 29th,2009

 
It is kind a Tariff or tax, which is charged to buyer on purchases of taxable products.
 

 

What is Sales Tax?

It is a withholding tax, which is collected by a buyer for the taxing authorities on the taxable products and services.

Who is a taxing authority?

It is a local or state government agency which is responsible to classify the amount and the procedure to collect sales taxes from a buyer. The sales tax money is spent on different local projects, state projects and paid interest on federal bill.

What are the taxable products to charge sales tax?

It varies state to state. Generally, the department of revenue of each state has imposed sales tax on taxable retail sales, leases and rentals of most goods as well as taxable services.

Who to charge sales tax?

Sales tax is charged to the direct buyer of the taxable product not from subsequent buyer. The subsequent buyer means the sales tax is collected from end-user only not from the multiple buyers of the same taxable product.

How to get a sales tax permit?

A sales tax, registration process is completed by the department of revenue to get the permission to collect sales tax from a buyer on taxable items.

Who collects sales tax?

A business owner collects sales tax from a buyer on the taxable goods and services. A separate sales tax application is submitted each state to collect sales tax.

How to calculate sales tax?

Sales tax is calculated on the gross sales. A certain percentage or a fixed amount which is defined by a taxing authority is added on the purchased item.

Can sales tax be collected without a permit?

A valid sales tax permit is required to collect sales tax from a buyer and there is a penalty to collect sales tax without a permit.

What happens if a business owner does not collect sales tax on taxable items?

A business owner does not collect sales tax by choice, it is required by the state and in this situation a business owner is personally liable to pay to the taxing authorities.

What happens if a business owner collect sales tax but do not remit to the taxing authority?

It is deemed a violation and business owner will pay personally with the penalties and interest. The government agencies may levy the penalties on the personal assets to collect the unpaid sales taxes.

  

Nashib Umer

Author of One Magic Click Optimization


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Comments (14)
sandra agee   wrote on : Tue Jan 19th,2010
is your state tax i.d. number required as proff of ownership for the purpose of acquiring insurance coverage for time off work due to illness or other insurance. Is your lease,county business registration enough information? Thanks. Also can more than one person be on the tax i.d number if you add someone what does that give them as beneficial. Is thisproff of ownership.
Reply : infotaxsquare.com
 
Dear Sandra Agee: Thanks for choosing InfoTaxSquare.com for your business needs. The purpose of sales tax id is to collect sales tax from your clients or avoid paying sales tax to your suppliers.  All officers, owners or members names must be included while applying for sales tax id number because it is required by law.

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Merridy Reth   wrote on : Mon Feb 22nd,2010
I am opening a gift shop whereby I am selling new merchandise. My question is this--when I purchased the products that I am selling I paid sales tax to the company that I purchased the products from so my understanding is that I now sell this merchandise to my customers as a reseller and I do not collect sales tax because I have already paid the tax. Is this correct ? I know that when I go to market and purchase items for resale I use my sales tax i.d. number so that I do not have to pay sales tax until I actually sell the items in my store.
Reply : infotaxsquare.com
 
Dear Merridy Reth; Thanks for choosing InfoTaxSquare.com for your business needs. Yes your approach ir correct. But to know more about that please use following link.

How Sales is Taxed:

http://www.infotaxsquare.com/view_article.php?id=217

Sales Tax Vendor ID Number Application:

https://www.infotaxsquare.com/forms/sales_tax_vendor_id.php


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Annie Alford   wrote on : Wed Mar 03rd,2010
I just started a business where I travel to differnt states selling handmade jewelry that I make at my home in Utah. I will travel through Utah, Colorado, Wyoming, Idaho, and Nevada to different shows or fairs. Will I need a State Sales Tax for all of these different states and/or cities/counties? Thanks.
Reply : infotaxsquare.com
 
Dear Annie Alford: Thanks for choosing InfoTaxSquare.com for your business needs. Yes, to participate in shows you are required to obtain sales tax id number. If you need our services to get it for you then please either use the following link to apply or call us at 516.822.3100 to place order over the phone or for any additional information. Please also use the following link to read about sales tax.

Article Link:
http://www.infotaxsquare.com/view_article.php?id=217

Link to apply sales tax:
https://www.infotaxsquare.com/forms/sales_tax_vendor_id.php

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aleksandra   wrote on : Mon Mar 22nd,2010
i am selling on flea markets.i have pa sales tax account id number. if i go to the flea market in nj do i need nj tax account number and how can i get one?
Reply : infotaxsquare.com
 
Dear  Aleksandra: Thanks for choosing InfoTaxSquare.com for your business needs. Yes, you can use the following link to apply for NJ tax account number. You will receive the number within 24/48 hours.

https://www.infotaxsquare.com/forms/sales_tax_vendor_id.php

If you have any question please either send us an email at support@infotaxsquare.com or call at 516.822.3100

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JR Solis   wrote on : Mon Apr 12th,2010
My partner and I are opening a counseling service as a service corporation. Are our therapy sessions with our clients actually taxable? Thus needing a sales tax id # ?
Reply : infotaxsquare.com
 
Dear JR Solis:

Thanks for choosing InfoTaxSquare.com for your business needs. To obtain sales tax id number please use the following link.

https://www.infotaxsquare.com/forms/sales_tax_vendor_id.php

Business Documents
Filing!


Pauline   wrote on : Thu Apr 22nd,2010
How do I get a sales tax ID
Reply : infotaxsquare.com
 
Dear Pauline:

Thanks for choosing InfoTaxSquare.com for your business needs. Please use the following link to apply sales tax id number or call at 516.822.3100 for any assistance.

https://www.infotaxsquare.com/forms/sales_tax_vendor_id.php


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Mike Fleury   wrote on : Thu May 05th,2011
I plan on starting a business where I shoot wedding videos, sport events, parties, music videos for a fee. I'm also going shoot and sell my own short movies on my the company website. What will I need? Registering my business? A fed tax ID? A sale tax ID? Where do I start? I plan to run this business from my new home in PA.
Reply : infotaxsquare.com
 
Dear Mike Fleury:

Thanks for choosing InfoTaxSquare.com for your business needs. Please follow the steps below to start new business.

  1. You have to decide first that how do you want to structure your business? For instance; Sole Proprietor, Corporation or an LLC.
  2. Then you need to decide that if need to collect sales tax. If yes then you are required to apply for the sales tax registration.

Please do not hesitate to contact us for any additional question

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For instant news please subscribe at www.InfotaxSquare.com


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vickyroma   wrote on : Thu Jul 07th,2011
Hi. I would like to resell stuff online what i need to start?permits etc etc etc if any..thanks
Reply : infotaxsquare.com
 
Dear Vickyroma:

Thanks for choosing InfoTaxSquare.com for your business needs. You need to obtain Resellers Certificate or also called State ID Number.

Please feel free to contact us for any additional information.


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Vicky   wrote on : Fri Jul 08th,2011
If I dont resell stuff but i make stuff to sale online do I need any permit?
Reply : infotaxsquare.com
 
Dear Vicky,

Thanks for choosing InfoTaxSquare.com for your business needs. Yes you are required to have sellers permit. To apply for the permit you can use the following link.

http://bit.ly/b0arEI

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coleen sundberg   wrote on : Thu Mar 01st,2012
How do I get a chart that display Mn sales tax of charges that should have the amount of tax to be applied on each $1.00
Reply : infotaxsquare.com
 
Dear Coleen:

You need to contact to Department of Revenue.


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E Haris   wrote on : Wed Mar 28th,2012
As an individual, I want to be able to purchase items to be monogramed with embroidery without having to pay sales tax on those items. What do I need to do in North Carolina to accomplish this? Thanks
Reply : infotaxsquare.com
 
Dear E Haris:

Thanks for considering InfoTaxSquare.com for your business needs. If you are selling goods to the end users and want to avoid paying sales tax to your suppliers you can apply for Resellers Permit by using the following link.

http://infotaxsquare.com/sales-tax-service.htm

If you have any question please do not hesitate to contact us at 516.822.3100.


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Julie   wrote on : Wed Oct 24th,2012
If I sell as a wholesaler what do I need I know I need a state tax id number where do I apply for these and it will be just me what do I do or where do I start? I live in Milwaukee Wisconsin
Reply : infotaxsquare.com
 
Dear Julie:

Thanks for choosing InfoTaxSquare.com for your business needs. You can apply State Tax ID Number by using the following link.

https://www.infotaxsquare.com/forms/sales_tax_vendor_id.php


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Joe   wrote on : Wed Sep 25th,2013
Hi, i've sold at the flea markets here in texas and have sold items as one would during a garage sale. I'm trying to buy more items at wholesale cost but many sites require a sales tax id number. if i go that route will i then have to charge taxes on the items when i resell at the local flea market or shows?
Reply : infotaxsquare.com
 
Dear Joe:

Thanks for choosing InfoTaxSquare.com for your business needs. Yes, you must have sales tax number to avoid paying sales tax to your suppliers because you are re-selling items to the end users and if the items are taxable, you must collect sales tax from consumers and pay back to the agency. In other words you work as an agent between state and the consumer, collecting tax from consumers for the state.

You can either use the following to place your order or can call us at 1+516.822.3100 to place your order over the phone.

https://www.infotaxsquare.com/forms/sales_tax_vendor_id.php


Committed to give our users most updated news!
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Jenny   wrote on : Mon Nov 07th,2016
I opened beauty salon just one year then i lelft, someone else took over and running business, but the business has'nt register tax id number yet, so who should be applying for tax id?
Reply : infotaxsquare.com
 
The person conducting business or the current owner of the Salon.


 


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