http://www.governmenttaxsales.net/how-does-the-government-collect-sales-tax-from-businesses/ Thu, 18 Feb 2010 01:04:03 +0000 hourly 1 http://wordpress.org/?v=abc http://www.governmenttaxsales.net/how-does-the-government-collect-sales-tax-from-businesses/comment-page-1/#comment-5 Wayne Z Tue, 08 Dec 2009 03:45:18 +0000 http://www.governmenttaxsales.net/how-does-the-government-collect-sales-tax-from-businesses/#comment-5 Actually it's the State Comptroller of Public Accounts that collects sales taxes and business taxes. Actually it’s the State Comptroller of Public Accounts that collects sales taxes and business taxes.

]]> http://www.governmenttaxsales.net/how-does-the-government-collect-sales-tax-from-businesses/comment-page-1/#comment-4 Bostonian In MO Tue, 08 Dec 2009 03:44:34 +0000 http://www.governmenttaxsales.net/how-does-the-government-collect-sales-tax-from-businesses/#comment-4 There are always going to be dishonest businesses that pocket some of the their sales tax receipts but (hopefully) those businesses are few and far between. The states audit businesses to check up on them. There are always going to be dishonest businesses that pocket some of the their sales tax receipts but (hopefully) those businesses are few and far between.
The states audit businesses to check up on them.

]]> http://www.governmenttaxsales.net/how-does-the-government-collect-sales-tax-from-businesses/comment-page-1/#comment-3 StephenW Tue, 08 Dec 2009 03:41:54 +0000 http://www.governmenttaxsales.net/how-does-the-government-collect-sales-tax-from-businesses/#comment-3 The business collects the sales taxes from their customers on all taxable sales. The business then files periodic sales tax returns with the state and pays the taxes collected to the state. The state keeps businesses honest with periodic sales tax audits. The business collects the sales taxes from their customers on all taxable sales. The business then files periodic sales tax returns with the state and pays the taxes collected to the state. The state keeps businesses honest with periodic sales tax audits.

]]> http://www.governmenttaxsales.net/how-does-the-government-collect-sales-tax-from-businesses/comment-page-1/#comment-2 Alfie Tue, 08 Dec 2009 03:11:33 +0000 http://www.governmenttaxsales.net/how-does-the-government-collect-sales-tax-from-businesses/#comment-2 No. There is some fraud. Business are required to report the amount that they sold, the amount that they purchased, the amount that they sold tax-free (this includes sales to the federal government and, in some states, sales to non-profit organizations), etc. There is some checking of whether the numbers seems consistent. For example, if the deduction on the company's income tax return for "cost of goods sold" is more than the amount that it claims to have sold, that would raise red flags. No. There is some fraud. Business are required to report the amount that they sold, the amount that they purchased, the amount that they sold tax-free (this includes sales to the federal government and, in some states, sales to non-profit organizations), etc. There is some checking of whether the numbers seems consistent. For example, if the deduction on the company’s income tax return for “cost of goods sold” is more than the amount that it claims to have sold, that would raise red flags.

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