Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [sales-tax]

For questions relating to taxes collected on the sale of goods and services. In most cases, a country, region, or state/province tag should be included as well.

126 questions
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Sales tax "trick" while buying a used car; i.e. declaring sale at lower than actual transaction value?

I am selling my car and have found a potential buyer. After I transfer the vehicle ownership, the buyer will have to transfer the vehicle title to himself, and will also need to pay sales tax on the sale price. As the buyer is paying me in cash, he…
punekr12
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2 answers

How should I report earning from Apple App Store (from iTunes Connect) in Washington state?

Washington Department of Revenue requires to report all sales by Apple of my applications in the Washington state on my personal excise return. Then I must calculate sales tax and I should deduct the same amount because Apple pays sales tax. I'm…
Dmitry
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5 answers

Is sales tax for online purchases based on billing- or shipping address?

My question is simply clarification: when I make a purchase online, is the sales tax applied based on my billing or shipping address? Possibly similar (possibly illegal?) but with no up-voted or accepted answers: how do i get an out-of-state billing…
Bryson
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4 answers

Sales Tax: Rounded Then Totaled or Totaled Then Rounded?

E.g. There is a sale with 3 items, each costing $1.00. Sales tax is 12.4%. In calculating the tax for each item, do I round the tax amount first and then total everything up? Like this: ITEM 1: $1.00 + $0.124 = $1.124 -> $1.12 ITEM 2: $1.00 + $0.124…
Dylan Nissley
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What's the cheapest way to buy out a sibling's share of our parents house if I have no cash and want to pay less than the appraised value?

My mother passed away, leaving 75% of her house to me and 25% to my sister, setting this up as a trust. The house was appraised at $944K, based on the time of my mother's death (November 2022). I want to buy my sister's 25%, which she agreed to, as…
user1186050
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how do i get an out-of-state billing address for a credit card?

When I buy virtual items online that do not need to be shipped, sales tax is often calculated by the merchant automatically based on my credit card billing address. My billing address is in California, but I travel a lot, so this can be annoying - I…
anonymous
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Is there a dollar amount that, when adding Massachusetts Sales Tax, precisely equals $200?

I am confused about calculating Massachusetts Sales Tax (6.25%). Is there such an amount, that when added to its sales tax, equals $200? The reason I ask is because my business has been charging $200 for things and we said tax was already included.…
Brian David Berman
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When does Ontario's HST come into effect?

When does the HST become effective? Will all businesses start charging HST right away, and will it replace the 5% GST with a straight 13% tax for all services?
Giablo
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How can I minimize the impact of the HST?

HST is being introduced in both Ontario (see this question) and B.C., does anyone have suggestions for how to reduce its impact on individuals?
Zephyr
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Do I have to pay Sales Tax on my leased car twice when moving from VA to FL?

I have a vehicle that I'm leasing and in the state of Virginia you pay sales tax on the full purchase price of the car when you are leasing. I have now moved to Florida and the lease company has started charging me Florida state sales tax monthly on…
Luke
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How does a Value Added Tax (VAT) differ from a Sales Tax?

A common trend by many governments has been to introduce a Value Added Tax to replace a Sales Tax (as evidenced by the multitude of HST related questions on this site). How do these types of taxes differ? Are they better for business? Does the…
Zephyr
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NY State Sales Tax on Lease Transfer

I am hopeful that someone can help me understand New York State (NYS) Sales Tax with regards to a lease take over, in what seems to be paying tax twice. So here is the scenario: Person A leases a vehicle from BMW in NYS, and NYS sales tax is…
NotInControl
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2 answers

Car lease payment went up after moving to new state

Recently, I moved to Kentucky from Ohio and my monthly auto lease payment with Chase Bank went up by about 8%. How is this possible if the tax difference between each state is only 0.5%? According to Chase Bank's explanation, Ohio charges full sales…
daleyjem
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In NYC is there sales tax on services like computer / cell phone repair?

I run a small cell phone repair store and we fix many phones. Many times it's bricked phones or cracked screens. But what I want to know, do we have to charge sales tax on repair services such as these? Technically we are not selling thing anything…
Patoshi パトシ
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I'm thinking about selling some original artwork: when does the government start caring about sales tax and income tax and such?

I've been doing some lithographic printmaking as a hobby, and I'm considering selling some artwork I have produced using this process - possibly in person, possibly with an Etsy shop. I'm not sure to what extent (if any) the government will let me…
user296
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