Talk of The Villages Florida

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-   All About Golf Carts and Things (https://www.talkofthevillages.com/forums/all-about-golf-carts-things-156/)
-   -   Sales Tax? (https://www.talkofthevillages.com/forums/all-about-golf-carts-things-156/sales-tax-348524/)

rustyp 03-16-2024 05:39 AM

Quote:

Originally Posted by rustyp (Post 2311616)
I need help. I could not find the line number on my Florida income tax return to make the entry.

Quote:

Originally Posted by spinner1001 (Post 2311686)
Florida corporation income tax return.

But I am not incorporated.

Causey 03-16-2024 06:04 AM

Sales tax is collected by the state. In a private sale, the state is not involved. In a business sale, the state is involved because it licensed the business. The best course of action is too retain the sales tax in a small box, in case the state comes looking for it, that way you have it ready to pay them. I have several of these small boxes, that I store in different locations, so if the the state people find one, they don't find the others. Has worked well for me so far.

spinner1001 03-16-2024 06:14 AM

Quote:

Originally Posted by rustyp (Post 2311689)
But I am not incorporated.

But you could be incorporated… if you just paid your fair share. /sarc

Shipping up to Boston 03-16-2024 06:19 AM

Quote:

Originally Posted by spinner1001 (Post 2311716)
But you could be incorporated… if you just paid your fair share. /sarc

Getting back to OP original query....and to summarize, IF the cart needs to be registered and/or insured then yes, the state will put its mitts on the transaction

rustyp 03-16-2024 06:27 AM

Quote:

Originally Posted by spinner1001 (Post 2311716)
But you could be incorporated… if you just paid your fair share. /sarc

What do I incorporate as - financial advisor ? /sarc eieio

BrianL99 03-16-2024 06:35 AM

Quote:

Originally Posted by Shipping up to Boston (Post 2311718)
Getting back to OP original query....and to summarize, IF the cart needs to be registered and/or insured then yes, the state will put its mitts on the transaction

Temporary at best.

Despite their efforts to remain an "innocent 3rd party", eBay now is required to collect sales tax on all transactions.

Despite AirBnb's argument that they're only an innocent 3rd party or conduit, they're being forced to collect hotel taxes.

As we move towards a cashless society, the ability for big brother to track sales/purchases, increases exponentially. Collecting sales tax on a used vehicle when it is "Registered", is merely an expedient solution for taxing authorities, at this point in time.

If you buy a used car from a private party and never register it, you don't have to pay a sales tax? That defies logic. It's merely common practice, because it's the expedient solution.

Susan1717 03-16-2024 07:04 AM

I would assume the only tax that would be paid is if the golf cart is street legal and requires a license plate. Then the state collects when you register it at the dmv.

Bill14564 03-16-2024 07:13 AM

Quote:

Originally Posted by BrianL99 (Post 2311728)
...

If you buy a used car from a private party and never register it, you don't have to pay a sales tax? That defies logic. It's merely common practice, because it's the expedient solution.

Correct, if you buy a used car from a private party and never register it, you don't have to pay a sales tax. But, what defies logic? That you wouldn't have to pay sales tax or that you wouldn't register a car you just bought?

Yes, it is an expedient solution because the alternative would be to require private citizens to calculate, collect, and remit the taxes. Since nearly every vehicle sold will be registered, it is far easier to put that burden on the state office that administers the registrations. Note that this is only required for private sales, if a business sells the vehicle then the business must collect the sales tax.

retiredguy123 03-16-2024 07:16 AM

Quote:

Originally Posted by rustyp (Post 2311724)
What do I incorporate as - financial advisor ? /sarc

Note that, when you incorporate, you create a separate entity, the "corporation". So, techically, a person doesn't "incorporate".
A person is not a corporation and does not own a corporation. The corporation is a separate, taxed entity.

kkingston57 03-16-2024 07:20 AM

Quote:

Originally Posted by Bogie Shooter (Post 2311134)
If I sell my used golf cart to my neighbor, I am not authorized to collect sales tax.

You say I have to go register as a seller and then I can sell my cart.
Balderdash!
Doesn’t common sense come into play.

Problem is that common sense and laws are not the same. When a person buys a used car from a private seller they need to report the sales tax when they register the car.

Shipping up to Boston 03-16-2024 08:00 AM

Quote:

Originally Posted by BrianL99 (Post 2311728)
Temporary at best.

Despite their efforts to remain an "innocent 3rd party", eBay now is required to collect sales tax on all transactions.

Despite AirBnb's argument that they're only an innocent 3rd party or conduit, they're being forced to collect hotel taxes.

As we move towards a cashless society, the ability for big brother to track sales/purchases, increases exponentially. Collecting sales tax on a used vehicle when it is "Registered", is merely an expedient solution for taxing authorities, at this point in time.

If you buy a used car from a private party and never register it, you don't have to pay a sales tax? That defies logic. It's merely common practice, because it's the expedient solution.

Agree but the latter I disagree with. If a vehicle is purchased privately and sits on someone’s property unregistered and uninsured....it’s a planter.

rustyp 03-16-2024 08:24 AM

Quote:

Originally Posted by spinner1001 (Post 2311686)
Florida corporation income tax return.

Quote:

Originally Posted by rustyp (Post 2311689)
But I am not incorporated.

Quote:

Originally Posted by spinner1001 (Post 2311716)
But you could be incorporated… if you just paid your fair share. /sarc

Quote:

Originally Posted by rustyp (Post 2311724)
What do I incorporate as - financial advisor ? /sarc eieio

Quote:

Originally Posted by retiredguy123 (Post 2311751)
Note that, when you incorporate, you create a separate entity, the "corporation". So, techically, a person doesn't "incorporate".
A person is not a corporation and does not own a corporation. The corporation is a separate, taxed entity.

So the corporation pays the sales tax on the golf cart. Look at that - now two of us owe sales tax. I purchased the golf cart as an individual and then I sold it to the corporation ? All I ever wanted was my own golf cart not a ride share.

MrFlorida 03-16-2024 08:24 AM

Next time I have a garage sale, I'm charging you sales tax.... there, now we're legal.....

rustyp 03-16-2024 08:28 AM

Quote:

Originally Posted by MrFlorida (Post 2311798)
Next time I have a garage sale, I'm charging you sales tax.... there, now we're legal.....

OK - Providing you send it in to the state. Pocketing the money would be a "illegal".

vinnytalk 03-16-2024 10:03 AM

Quote:

Originally Posted by BrianL99 (Post 2311111)
Please tell me how a used golf cart is exempt from Florida Sales Tax?

I'm not insinuating everyone or even anyone actual pays Sales Tax, but I can't find anyplace in the laws or regulations that exempt a used golf cart. If you buy one from a dealer, you surely have to pay sales tax ... where does the supposed exemption come from, for "private sales" ?

Low Speed Vehicles - Florida Department of Highway Safety and Motor Vehicles

Chapter 320 Section 01 - 2021 Florida Statutes - The Florida Senate

What transactions are subject to the sales tax in Florida?

It's the same when you buy furniture or other items from private people. There is no reporting, but yes you are require to collect tge tax if you are the seller


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