Sentences with phrase «collect sales tax when»

Not exact matches

But the latest wave of sales tax changes appears voluntary, and began late last year when Amazon started collecting sales tax for Washington, D.C. Amazon steadily added states from December to March, with the April wave completing the standardization of company policy.

Wait to make purchases until Louisiana's tax - free weekends, when no sales tax is collected.

The Executive Budget again proposes to require «marketplace providers,» such as entities that provide on - line sales venues for third party sellers, to collect New York State sales taxes on sales by third party sellers, even when such third parties have no New York «nexus,» i.e., no legal obligation to collect sales tax on behalf of the state.

«Lower the tax rates, make government more efficient, get the businesses back here, get the private sector booming and then you will be able to fill the coffers when you're collecting road tax from more tractor trailers on the road, more gas tax from more people commuting to work, more sales tax revenue.»

The amount of sales tax collected in 2017 grew 3.05 percent from 2016 when it was $ 95,086,906.

Sales taxes are already collected when a third - party seller is located in New York, but not when the seller is from outside the state.

Currently, sales taxes are often only collected on such internet transactions when the seller is from New York.

There is a flip side to saving taxes — when you resell the books you are required to pay sales taxes on the books sold, although you may collect it from buyers.

If and when Amazon starts collecting sales tax, it will be free to set up distribution centers right outside major cities, which would enable even faster deliveries than it offers now.

There are several more factors to consider that I didn't get into (like whether your sale would be classified as a short - term or long - term capital loss, any wash - sale implications, any options premiums you collected, any dividend income you collected, your total capital losses / gains for the year, your eligibility and the amount you can contribute to a tax - deferred account like a 401 (k), if you expect to be in a lower or higher tax bracket when it comes time to take distributions from your tax - deferred account, etc.).

If this was a seller financed note then you sell at a discount you'll need to adjust to the sale to the amount collected and pay the gain on the sale, again when you file your taxes.