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04-Oct-2017 00:52

Remember, they use this money to pay for budget items like schools and roads.Thus, they want to pocket the sales tax sellers have collected as soon as they can!Product taxability is not always “all or nothing.” For instance, in New York, only clothing priced at 0 or under is exempt from state sales tax.

Each state’s taxing authority — usually called the State Department of Revenue — handles sales tax registration.Go to IRS.gov/account to view your balance, payment history or access your tax records.Every filing period, online sellers waste hours dealing with sales tax compliance. You have better ways to spend your limited time and money than on an unprofitable hassle. And it’s a “pass-through tax,” because even though a merchant charges sales tax to her buyer, she doesn’t get to keep it.Have this information handy when registering for a sales tax permit: Individual states may ask for additional info.



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