3:30 if you are there, otherwise 4:00. jk
Sent from my iPad On Sep 27, 2011, at 3:33 PM, Mark D Lew <markd...@earthlink.net> wrote: > John Howell wrote: > >> 2. You are responsible for COLLECTING it and >> remitting it; the purchaser is responsible for >> PAYING it but to you, not to the state. > > No. The seller is responsible for paying sales tax, whether it was collected > or not. The seller is expected to collect it from the buyer, but if the > seller neglects to do so, it's still the seller who owes it to the state, not > the buyer. > >> 3. If you don't state it separately my guess is >> that the state would assume it's part of and >> included in the purchase price, and would have to >> be considered as such, but that's just a guess. >> YOU would have to think of it that way. > > The state will not assume that sales tax is included in the purchase price; > the state will assume that it is not. You can assert that it is, but unless > you have made it clear to the buyer that sales tax is included and you're > paying it, you are asserting falsely. > > If you sell something for $10,000 and forget to collect sales tax, and you > then retroactively say, "Oops, well, let's pretend I really sold it for > $9,615.38, so here's the $384.61 I owe you," the state's position will be, > "No, you really sold it for $10,000 and you owe us $400." If the state > bothered to contest your claim, you would lose. > > But in this example they won't. The difference is $15.39, and the state isn't > going to waste it's time over a such a trivial number. And since I'm pretty > sure David isn't selling $10,000 worth of CDs, his will be even more trivial > still. > > mdl > _______________________________________________ > Finale mailing list > Finale@shsu.edu > http://lists.shsu.edu/mailman/listinfo/finale _______________________________________________ Finale mailing list Finale@shsu.edu http://lists.shsu.edu/mailman/listinfo/finale
