Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 11-13-2015, 02:15 PM
Junior Member
 
Join Date: Nov 2015
Posts: 1
Restaurant Sale Taxes

Do a company pay sale tax on kitchen equipment for restaurant base on where the restaurant is located or where the legal entity is located? For example, the legal entity is located in Ohio but the restaurant being open is in Kentucky?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 11-13-2015, 07:03 PM
Moderator
 
Join Date: Oct 2010
Posts: 5,233
Quote:
Originally Posted by dlawrence View Post
Do a company pay sale tax on kitchen equipment for restaurant base on where the restaurant is located or where the legal entity is located? For example, the legal entity is located in Ohio but the restaurant being open is in Kentucky?
In general, you are required to charge/pay sales tax if you have a tax presence in the state.So, your biz NEEDS to collect, report, and pay sales taxes in every state where you have a nexus ,sales tax presence) , for sales you made in that state ASLONGAS you own / maintain your other place of business/your EEs either directly or by a subsidiary or if you sell and install property in the state or etc. In general most states have a destination based sales tax meansingthat the sale is thought to take place in the jurisdiction where the product is ultimately used. So. since you are doing biz in Kentucky, you need to, go to the website for the Dept of revenue for Kentucky. Look up the term nexus or remote retailer or doing business, to see how Kentucky defines the term. Decide if your business presence in Kentucky meets the requirements for nexus. If you are not sure, you might need to call the state to get a determination. Some states probably may ask you to fill out an online form to get more information before they give you a determination



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Sale of Home in Austria - where to pay tax on sale Hallatlan Capital Gains 1 02-10-2015 08:37 PM
Selling my home, claiming Property taxes I paid during the sale dcolagro Rental Real-Estate 2 01-23-2015 09:23 AM
Do I owe taxes for 1099-s on sale of propety BL1133 Capital Gains 3 03-21-2014 02:20 PM
Sale of LLC with past due taxes ftnfnl Limited Liability Company 0 05-11-2010 04:35 PM
Capital asset sale or Second Home Sale? Or Gift??? dawnjellybean Income 0 02-04-2009 07:22 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning