Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Does your local dealer charge tax?
>
Reply to Thread
Message:
<p>[QUOTE="bigjpst, post: 1425003, member: 21015"]Here is the text from the sellers permit rights and responsibilities manual May 2010. boe.ca.gov/pdf/pub73.pdf</p><p><br /></p><p>Who is responsible for paying sales tax to the BOE?</p><p><br /></p><p>As a seller, you are responsible for paying the correct amount of sales tax to us. If you do not pay the correct amount, the additional tax plus applicable penalty and interest will be charged.</p><p><br /></p><p>Can I collect sales tax from my customer?</p><p><br /></p><p>Yes. Although <u>you</u> are required to pay and report sales tax to us, you <u>may</u> be reimbursed by your customer for the amount of tax you owe on a sale. For example, if you are required to pay $1.75 in sales tax on a sale, you <u>may</u> pass that cost on to your customer, provided it is agreed to as part of the sale. It is presumed that the customer agrees to pay the addition of an amount for tax if:</p><p>•</p><p>You list a separate amount for sales tax reimbursement on your receipts or invoices;</p><p>•</p><p>You post a sign on your premises stating that sales tax reimbursement will be added to all prices of taxable merchandise, or make a similar statement on price tags, advertising material, and other printed material directed to</p><p>the purchaser; or</p><p>• The sales agreement specifically calls for the addition of sales tax reimbursement.</p><p>If you include sales tax reimbursement in your prices, rather than itemizing it separately on your invoices or receipts, you must inform the buyer that tax is included. You can post this information at your premises in a location that is visible to purchasers, or you can include it on a price tag or in an advertisement, whichever is applicable. Use one of the following statements:</p><p>•</p><p>“All prices of taxable items include sales tax reimbursement computed to the nearest mill.”</p><p>•</p><p>“The price of this item includes sales tax reimbursement computed to the nearest mill.”</p><p><br /></p><p>The Underlined are where I read that It is only required that I pay the tax and passing it to the customer is not required. I guess if I'm wrong, I'll find out my first audit.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="bigjpst, post: 1425003, member: 21015"]Here is the text from the sellers permit rights and responsibilities manual May 2010. boe.ca.gov/pdf/pub73.pdf Who is responsible for paying sales tax to the BOE? As a seller, you are responsible for paying the correct amount of sales tax to us. If you do not pay the correct amount, the additional tax plus applicable penalty and interest will be charged. Can I collect sales tax from my customer? Yes. Although [U]you[/U] are required to pay and report sales tax to us, you [U]may[/U] be reimbursed by your customer for the amount of tax you owe on a sale. For example, if you are required to pay $1.75 in sales tax on a sale, you [U]may[/U] pass that cost on to your customer, provided it is agreed to as part of the sale. It is presumed that the customer agrees to pay the addition of an amount for tax if: • You list a separate amount for sales tax reimbursement on your receipts or invoices; • You post a sign on your premises stating that sales tax reimbursement will be added to all prices of taxable merchandise, or make a similar statement on price tags, advertising material, and other printed material directed to the purchaser; or • The sales agreement specifically calls for the addition of sales tax reimbursement. If you include sales tax reimbursement in your prices, rather than itemizing it separately on your invoices or receipts, you must inform the buyer that tax is included. You can post this information at your premises in a location that is visible to purchasers, or you can include it on a price tag or in an advertisement, whichever is applicable. Use one of the following statements: • “All prices of taxable items include sales tax reimbursement computed to the nearest mill.” • “The price of this item includes sales tax reimbursement computed to the nearest mill.” The Underlined are where I read that It is only required that I pay the tax and passing it to the customer is not required. I guess if I'm wrong, I'll find out my first audit.:D[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Does your local dealer charge tax?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...