3 ms·
An exemption such as this is one of those things that I'd say is not worth supporting unless you're based out of TN, or do enough of sales there to make it wort
by cpburns2009 8y ago
An exemption such as this is one of those things that I'd say is not worth supporting unless you're based out of TN, or do enough of sales there to make it worth your while. Sure, I'd implement it if it's required but every special case is just another point of failure.
- secabeen 8y agoBut if you don't support it, are you liable for collecting more tax than required? How do you "not support" it? Just reject purchases from people in TN during the holiday?
- cpburns2009 8y agoDisclaimer: I am not an accountant. I would figure tax holidays are optional and might even require an application to take advantage of. So you would charge the regular sales tax and remit it to the state. UPDATE: Out of curiosity I looked it up. And it looks like sales tax holidays depend as usual on the state. The MO back to school one is optional if less than 2% of merchandise is affected. But the TN one doesn't look optional.
- windows_tips 8y agoCollecting 'tax' on an untaxed item could be considered acting falsely under color of law.
- emaginniss 8y ago"Under color of law" means that you're a law enforcement official. Collecting extra tax and then remitting to the state will almost certainly not cause you any issues.
- windows_tips 8y ago>"Under color of law" means that you're a law enforcement official. No. Collection of taxes is done to enforce law, unless the state is compelling people with something else?
- sequoia 8y ago> Collection of taxes is done to enforce law To _comply with_ law.
- windows_tips 8y agocomply with and enforce
- anonymous5133 8y agoNo you just have to remit the tax.
- windows_tips 8y agoThere is no tax in this situation.
- rbritton 8y agoWashington State has a line item on the report for over-collected sales tax. I don't know what happens to that number, though.
- lostapathy 8y agoI'm pretty sure that in most states so long as you remit the tax to the state, they are happy to take it, even if you didn't have to collect it. You only really get in trouble if you collect the tax from customers then pocket it.