Charging Taxes on Consignment tack
 
 

       The Horse Forum > Horse Tack > Horse Tack and Equipment

Charging Taxes on Consignment tack

This is a discussion on Charging Taxes on Consignment tack within the Horse Tack and Equipment forums, part of the Horse Tack category
  • Sales tax charge on consignment
  • Tax on consignment

 
LinkBack Thread Tools
    01-09-2012, 12:33 PM
  #1
Foal
Charging Taxes on Consignment tack

Hi,
I have read many mixed things about charging sales tax on consignment items. I was just wondering if anyone on here sells consignment items and if so do you charge sales taxes.
Thanks
     
Sponsored Links
Advertisement
 
    01-09-2012, 12:55 PM
  #2
Green Broke
Sales Tax isn't determined by public opinion.

You need to consult with the taxing authority in the specific area in which your business would be located to find out what your obligations towards charging it are. If you are legally responsible to collect sales tax and you do not, the taxing authority will force YOU to pay the taxes along with a whole slew of penalties and interest.

Attempting to dodge the tax authorities isn't a good idea either. In the US they can go back many years and oh do the taxes, penalties and interest add up fast! I've worked in Sales/Use tax and gone through many, many audits and every single audit has ended up somewhat pricey and these are large corporations who were doing their absolute best to collect and remit sales taxes properly.
     
    01-09-2012, 01:01 PM
  #3
Showing
If you're licensed to do business in a particular state, you're required to charge sales/use tax.

If you're non-licensed and just selling as an individual, or a business that isn't licensed in a particular state, you don't need to collect it. The person buying the item is required to claim use tax on the merchandise on their tax returns.
     

Quick Reply
Please help keep the Horse Forum enjoyable by reporting rude posts.
Message:
Options

Register Now

In order to be able to post messages on the The Horse Forum forums, you must first register.

Already have a Horse Forum account?
Members are allowed only one account per person at the Horse Forum, so if you've made an account here in the past you'll need to continue using that account. Please do not create a new account or you may lose access to the Horse Forum. If you need help recovering your existing account, please Contact Us. We'll be glad to help!

New to the Horse Forum?
Please choose a username you will be satisfied with using for the duration of your membership at the Horse Forum. We do not change members' usernames upon request because that would make it difficult for everyone to keep track of who is who on the forum. For that reason, please do not incorporate your horse's name into your username so that you are not stuck with a username related to a horse you may no longer have some day, or use any other username you may no longer identify with or care for in the future.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.


Old Thread Warning
This thread is more than 90 days old. When a thread is this old, it is often better to start a new thread rather than post to it. However, If you feel you have something of value to add to this particular thread, you can do so by checking the box below before submitting your post.

Thread Tools

Similar Threads
Thread Thread Starter Forum Replies Last Post
To those who live in NH, or know something about taxes. Hidalgo13 General Off Topic Discussion 4 05-21-2011 11:50 PM
Charging and kicking out?? Help : ( azhorseluvr1222 Horse Training 6 12-29-2010 12:08 AM
Big Consignment Tack shop taking it online! corinowalk Tack and Equipment Classifieds 31 08-17-2010 08:23 PM
Keep Raising Taxes!! MN Tigerstripes Cars and Trucks 11 04-06-2009 01:54 PM
Cache Dawn Taxes My2Geldings Horse Pictures 25 02-13-2009 08:05 PM



All times are GMT -4. The time now is 06:03 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.6.0