Sales Tax on Manufacturer Rebates
Retailers: Don’t Overlook Sales Tax on Rebates Are you a retailer that sells merchandise with a manufacturer’s rebate?If so, make sure that you are charging sales tax on the amount of the rebate as well. If you are undergoing a sales tax audit, call us to discuss rebates. Transcript Understanding the Sales Tax Implications What […]
Illinois Sales Tax on Home Renovations
Summer Season and Sales Tax Concerns With summertime around the corner, a lot of our clients have been asking us about the sales tax that they need to collect from their clients. For example, a client of ours that sells kitchen cabinets might want to know if they need to collect sales tax on the […]
Texas New Construction Sales Tax
Do You Need to Charge Sales Tax on Labor in Texas? The answer, as usual, is not always. Is Labor Taxable in Texas? I’m Mansoor Ansari with Nexus Tax Defense. Let’s discuss the taxability of labor and construction jobs. Residential Property:The labor to repair, remodel, or restore residential real property is not taxable. Commercial Property:The […]
Who Needs to Collect Sales Taxes in Dropshipping?
There are 3 parties in a dropshipping situation: Transcript What in the world is dropshipping? My name is Mansoor Ansari and I’m with Nexus Tax Defense. What’s a Nexus? A Nexus is a sales tax obligation that you create with another state. Let’s break down the dropshipping scenario Let’s say you’re the seller and I’m […]
High and Low Sales Tax Audit
Overview of Sales Tax Audit Concerns If you sell both high and low tax items, then, under a sales tax audit, the auditor will pay close attention to the amount that you are selling of each. If you have a grocery store with very few low-tax items, the auditor may gross up your high tax […]
1099-K Sales Tax Audit
What is a 1099-K Style Sales Tax Audit? A 1099-K style sales tax audit simply applies sales tax to your gross revenue number. This is one of the worst ways to undergo a sales tax audit.You might pay double the tax and/or even pay tax on non-taxable items that you sold. Transcript Q&A Overview Question:“What’s […]
Restaurant Sales Tax Audit and Employee Meals in Illinois
Restaurant Sales Tax Audit and Employee Meals in Illinois Understanding Use Tax on Employee Meals If you are being audited for sales tax in the state of Illinois, you might be surprised to find out that employee meals are subject to use tax. Make sure you are recording the number of meals that you are […]
Illinois Gasoline and Fuel Sales Excise Tax audit
When you are buying and/or selling gas in Illinois, it is very unclear where your money is going. This blog is not written for the mere purpose of smearing the state of IL. I try my best to educate my clients on their audit, their obligations as a vendor of gasoline, as well as to […]
Illinois Sales Tax Appeal Litigation Lawyer
Challenging a Sales Tax Deficiency: What Illinois Businesses Need to Know If you have undergone an Illinois sales and use tax audit, then, chances are that you owe a substantial amount of sales tax to the State. This could be a result of sampling, using bank statements, the 1099-k, or actual numbers. However, you have appeal […]
Illinois Motor Fuel Sales Tax Audit Attorney
Why Are Gas Prices the Highest in Illinois Compared to the Rest of the Midwest? Traditional motor fuel taxes are a fixed amount per gallon. These federal and state taxes generally pay for road maintenance and other transportation expenses – motorists in all states pay these taxes. Illinois, however, is one of only seven states […]