Questions answered by James H Sutton Jr.

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Use tax question. az state delays paperwork for 5 years then charged interest for those 5 yrs Is this legal?

James's answer | Answered on April 19, 2013

Every state is a little bit different with issues like this. Generally speaking, the states want their interest anytime tax is owed over time. In...

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My father pasted away about 5yrs ago, i had to battle my mother to receive inheritance of his estate. recently i received a lett

James's answer | Answered on April 17, 2013

You need a good probate and estate lawyer. This is Florida and there are MANY attorneys with expertise in this area. This type of attorney will...

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Can the State of WA ask to see bank stmts of our LLC to collect sales tax from another business that is no longer operating?

James's answer | Answered on April 06, 2013

I concure with the prior answer and warn that you may have personal liability for the prior sales taxes of the sole proprietorship because you...

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Move internet based business from US to Caribbean.

James's answer | Answered on April 05, 2013

At first blush, if your goal is to save state income tax and use tax collection responsibilities, then I would say relocating can greatly reduce...

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If I sell the customer base of a service business that is an S Corp is the purchaser responsible for back 2002-03 940-941 taxes?

James's answer | Answered on March 26, 2013

If you are talking about the trust fund portion of sales tax, then it depends on whether you filed the returns. If you never filed the returns,...

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I just bought a car in VA, but live in NY. They charged me the wrong sales tax rate. What will this mean for the contract?

James's answer | Answered on March 26, 2013

Sales taxes and car sales have very strange quirks that you might not expect. If you bought the car in VA and you took possession of the car in...

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Is it legal for companies to charge taxes for early termination fees?

James's answer | Answered on March 26, 2013

Depends on how the company accountants for the termination fee. If they account for it as a communication service, then it would be subject to...

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Reporting obligation on loss from international condo sale?

James's answer | Answered on March 23, 2013

The short answer is that you might have a gain. Just because you lost money does not mean that you automatically had a tax loss. Mainly the...

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I delivered product to an out-of-state customer in NJ and never paid? I had a contract but they don't care. Who pays sales tax?

James's answer | Answered on March 23, 2013

A simple answer to your question is no sales or use tax is due. The tax is on the consideration paid for the contract. Presuming that you really...

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If the government passed a law that stating Internet sales have to collect sales tax and sellers don't what would happen?

James's answer | Answered on March 19, 2013

If you want to protest this proposed legislation, then now is the time - not after it is enacted. Write you senators and representatives. Tell...

James H Sutton Jr.'s Answers (323)

Use tax question. az state delays paperwork for 5 years then charged interest for those 5 yrs Is this legal?

My father pasted away about 5yrs ago, i had to battle my mother to receive inheritance of his estate. recently i received a lett

Can the State of WA ask to see bank stmts of our LLC to collect sales tax from another business that is no longer operating?

Move internet based business from US to Caribbean.

If I sell the customer base of a service business that is an S Corp is the purchaser responsible for back 2002-03 940-941 taxes?

I just bought a car in VA, but live in NY. They charged me the wrong sales tax rate. What will this mean for the contract?

Is it legal for companies to charge taxes for early termination fees?

Reporting obligation on loss from international condo sale?

I delivered product to an out-of-state customer in NJ and never paid? I had a contract but they don't care. Who pays sales tax?

If the government passed a law that stating Internet sales have to collect sales tax and sellers don't what would happen?