Upon closing an S Corp, are the officers of the co. personally liable for outstanding sales tax owed?

In most states the answer rest mainly in whether the sales tax in question was collected but not remitted. Sales tax collected is property of the...

As a manufacturer, you should be able to purchase the raw materials incorporated into the final product without sales tax or use tax. You would...

Got work order penalty of 63K???????

The penalty should be equal to 150% of what the business should have paid in workers compensation over the three previous years. If the business...

Is it true everyone is required to declare sale taxes on purchases done online even if they are not charging? How is this done?

Slight addendum to the prior answers. First, hopefully you missread the article that the use tax reporting and payments are due to the state and...

Can I run a for-profit business where my sole income would be from fees to enter a skill based tournament?

I will let someone else respond to the gambling side of the question. I just wanted to mention that you need to be conscience of whether you will...

Selling on eBay

One of the first things you need to find out is who is legally liable for the import duties. Just because your contract says the customer pays,...

Can an american company (incorporated in Florida) owned by a foreigner citizen, buy a vessel and flag it in Florida?taxes owed?

Yes, the american company should be able to buy a boat and flag it in Florida. You will owe Florida Sales and Use Tax as well as other (minor)...

Ny State sales tax

Collecting tax without a number probably does have a small fine. Collecting and not remitting can be a real problem. You need to get an...

In Florida law, can a non-licensed individual ( in the practice of law ) be a partner in a law firm?

There are ethical requirements on the licensed attorney that prevents him/her from owning a law firm with a non-lawyer and sharing legal fees with...

Can we be billed for more sales tax on mobile home loan now that loan is final and first pmt made.

Sales tax is more of a legal requirement than a contractual requirement. If you were legally required to pay sales tax when you bought the home,...

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