Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 09-07-2013, 03:09 PM
Junior Member
 
Join Date: Sep 2013
Posts: 1
Car Sales Tax Refund

Need some advise here.

I am looking to start a new business which involves buying new cars and exporting them out out side the US.

In order for me to buy a car I need to pay NY state sales tax, title and other fees, which I have no problem paying.

The question is if I do pay a sales tax, title fees etc and then export the car after 30 days is there anyway for me to get a refund of the sales tax that I have paid?

Or will that be considered as a loss when I file my taxes at the end of the year?

Kindly Advise

Thanks

Ed



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 09-08-2013, 05:25 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
Quote:
Originally Posted by eddie_240 View Post

#1;The question is if I do pay a sales tax, title fees etc and then export the car after 30 days is there anyway for me to get a refund of the sales tax that I have paid?

#2;Or will that be considered as a loss when I file my taxes at the end of the year?

Kindly Advise

Thanks

Ed
#1; I guess so; I guess NYS provides you with an exemption from NYS. You need to contact the NYS Dept of Rev. For example, Tax Code Section 151.307 provides an exemption from Texas sales and use tax on tangible personal property purchased in Texas and exported to another country. Sales and use tax

#2;As mentioned above.



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
What are the Tax Impact of Wash Sales? TaxGuru Capital Gains 0 01-21-2011 01:28 PM
please help!!! how to file sales tax andy2603 Sole-Proprietorship 1 10-11-2010 07:21 PM
Eight Facts about the New Vehicle Sales and Excise Tax DeductionEight Facts about the New Vehicle Sales and Excise Tax Deduction Samatg For 2009 1 02-09-2010 02:31 PM
What is interest rate for sales tax refund? woojusky C-Corporation 0 09-18-2009 02:09 AM
Taxes and short sales amyy Capital Gains 1 01-19-2009 12:09 AM

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
 
 
 

» Recent Tax Q&A
No Threads to Display.