Posts tagged as:

sales-tax

Ask the taxgirl: Online Sales

15 April 2009

Taxpayer asks:
We think we might need some tax advice, regarding the teen’s CD.
Obviously we’re charging sales tax (.0655%) so that his $9.99 CD sells for $10.65… but that’s IL tax. Do we have to worry about other states’ taxes if someone from another state orders from him?
Taxgirl says:
The short answer is no, so long as [...]

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Ask the taxgirl: New Car Sales

14 April 2009

Taxpayer asks:
Hi there,
I’ve purchased a new vehicle in 2009 on Jan. 31. The original provision of the new bill that was passed by the Senate stated that it would be from mid November 2008 through Jan. 1, 2010.
I saw your response where Congress has now said that new vehicles purchased from Feb. 16, 2009 to [...]

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Ask the taxgirl: New Car Sales Tax Deductions

7 April 2009

Taxpayer asks:
Dear Taxgirl,
Congress has passed a bill allowing a tax deduction for the sales tax on the purchase of a new car. Does that differ from the current Schedule A deduction possible for additional tax for major items? Is this “much sound and fury signifying nothing?” The devil [...]

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Is Stripping Art?

30 March 2009

A New York judge seems to think so. Administrative Law Judge Catherine M. Bennett has ruled that the eloquently named Nite Moves, a strip club in Albany, NY qualifies for the “dramatic arts” sales tax exemption under New York tax law.
Why? The choreography, of course. It takes a simple stripper and makes [...]

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Gov Pat Quinn Proposes More Taxes in IL: Residents Worry Air is Next

22 March 2009

Illinois residents have been willing to deal with some pretty steep tax increases. But Gov. Pat Quinn may have gone too far this time: Quinn wants to tax coffee and sweetened tea products in grocery stores in the same manner as soft drinks.
Gov Quinn has also suggested raising taxes and fees on driver’s [...]

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Tax Trivia: Prescription Drugs

11 March 2009

We have a winner! See comments!
Our next tax trivia question is:
What’s the only state to charge sales tax on prescription medicines?
Don’t forget: the first correct answer wins free CCH tax prep software.
What’s your guess?

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Taxgirl trivia: Sales Tax on Food Items

10 March 2009

We have a winner! See comments!
Our next tax trivia question is:
In 2007, a midwestern state made news (and not in a good way) for opting to impose a sales tax on a popular food item unless the taxpayer could prove the purchase was to be eaten and not used as a decoration. Amid [...]

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Twitter Tax Tips #7

8 March 2009

For 2008 tax year, those who itemize can deduct state and local general sales taxes OR state and local income taxes. #TwitterTaxTip
(For more on twitter tax tips, see my prior explanatory post.)

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Ask the taxgirl: State and Local Taxes Paid in Other Years

20 January 2009

Taxpayer asks:
Can I deduct state sales tax for 2008 and deduct state income tax paid for another year (2007)??
Taxgirl says:
Absolutely! There is no rule that the taxes must have been assessed in 2008 in order to take them as a deduction. Assuming that you itemize your deductions, you can deduct state and local [...]

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Election Season Isn’t Over Yet

18 November 2008

Election Day was last week, right?
Yet, a week and a half later, we’re still waiting for outcomes in at least two Senate races. And in the “anything can happen” category, voters in San Jose still don’t know the outcome of the vote to increase sales tax to increase regional transit to the city.
Votes are [...]

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