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Responsibility to collect, report and remit sales tax is generally imposed on persons making retail sales of taxable tangible personal property for use or consumption. The key definitions of "persons making retail sales", "retail sales", "taxable tangible personal property" and "use or consumption" vary significantly between states and between local jurisdictions. The retailer will usually be responsible to retain proof of exemption, such as an exemption certificate, if no tax is due on the transaction (see the Exemption Certificate discussion).
In most states the retailer is required to register with, and is licensed by, the state to collect sales and use taxes. The retailer may be required to provide a bond to the state insuring taxes will be remitted. The filing of returns and methods of remitting taxes vary widely by state. Often these requirements change with the size of the retailer's tax liabilities.
Feel free to call or e-mail us to discuss any tax issues you may have.
Sales Tax Advisors, Inc.
|Last modified on Sat Oct 18 2014 16:40:19 MST.|
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