Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#76
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I'm up to date on all. But thanks for looking out for me.
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#77
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#78
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It’s a private sale, they don’t have to get sales tax out of it, otherwise you would be paying sales tax at every garage sale you go to
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#79
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#80
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Florida corporation income tax return.
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#81
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#82
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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.
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#83
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But you could be incorporated… if you just paid your fair share. /sarc
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#84
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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
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#85
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What do I incorporate as - financial advisor ? /sarc eieio
Last edited by rustyp; 03-16-2024 at 08:15 AM. |
#86
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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. |
#87
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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.
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#88
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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.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works. Confirmation bias is real; I can find any number of articles that say so. Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough |
#89
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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. |
#90
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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.
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Closed Thread |
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