- Is buyer or seller responsible for sales tax?
- Can you get scammed on GunBroker?
- Do you charge sales tax on wholesale?
- Is GunBroker pay legit?
- Is GunBroker legal?
- What is the difference between sales tax and sellers use tax?
- Can a business not charge sales tax?
- Do I have to pay use tax if I paid sales tax?
- Do you have to pay sales tax on online sales?
- Can you trust GunBroker?
- What happens if I don’t pay on GunBroker?
- Can a seller cancel a bid on GunBroker?
- Does a reseller pay sales tax?
- Do distributors charge sales tax?
- What happens if I don’t collect sales tax?
Is buyer or seller responsible for sales tax?
For the most part, sales taxes must be paid or collected by the seller.
In contrast, the responsibility for reporting and paying use taxes generally falls on the purchaser..
Can you get scammed on GunBroker?
The vast majority of new sellers are legitimate, but occasionally a new seller will attempt to fraudulently sell an item on our site. If you suspect fraud, you should submit a Support Issue in the Help Center. We investigate all complaints about potential fraud, and we shut down fraudulent auctions.
Do you charge sales tax on wholesale?
It is important that you get tax id documentation from your retailer buyers as well. When you sell wholesale you do not charge sales tax on the order (the retailer will tax the customer for each item at time of purchase and that will be paid to the state as sales tax on that item.)
Is GunBroker pay legit?
BitRail transactions are designed to be secure, as well as legal and fully compliant with federal and state laws in the states supported by GunBroker Pay, which are increasing all the time.
Is GunBroker legal?
GunBroker.com facilitates the legal exchange of firearms and accessories between adults. It is legal to buy and sell firearms in the US, provided you adhere to federal, state and local laws.
What is the difference between sales tax and sellers use tax?
Sellers use tax is the same as a sales tax. It is a transaction tax, calculated as a percentage of the sales price of goods and certain services. However, the key difference is that the sellers use tax is imposed on vendors located outside of the state, but are registered to collect tax in the state.
Can a business not charge sales tax?
There is no sales tax obligation for the retailer if it has not established nexus in a state. However, if a retailer does collect sales tax in a state in which it is not registered to do so, that constitutes an illegal activity.
Do I have to pay use tax if I paid sales tax?
Use tax is a complementary or compensating tax to the sales tax and does not apply if the sales tax was charged. Use tax applies to purchases made outside the taxing jurisdiction but used within the state. Use tax also applies to items purchased exempt from tax which are subsequently used in a taxable manner.
Do you have to pay sales tax on online sales?
The basic rule for collecting sales tax from online sales is: If your business has a physical presence, or “nexus”, in a state, you must collect applicable sales taxes from online customers in that state. If you do not have a physical presence, you generally do not have to collect sales tax for online sales.
Can you trust GunBroker?
Never had a problem buying or selling on Gunbroker, even dealing with people with no reputation. Honestly, I haven’t had any problem with anyone in a firearms-related deal gunbroker or not. Maybe I’ve just had good luck, though I think that people buy and selling guns are just more honest than the average.
What happens if I don’t pay on GunBroker?
GunBroker.com has a process to assist with Non-Paying Bidders (NPBs) which allows sellers to submit a NPB Credit Request and receive credit for the listing. If you have not received payment for your listing, please follow the instructions below.
Can a seller cancel a bid on GunBroker?
You cannot retract a bid once you place it unless there are exceptional circumstances. Exceptional circumstances include: The seller materially changing the description of the item after you placed a bid.
Does a reseller pay sales tax?
Generally, resellers to do pay sales tax when they purchase the items, but must collect sales tax when those items are sold to the end user. … Resale exemptions, which are usually in the form of a resale certificate, allow your customer to acquire property tax-free if it will later be resold.
Do distributors charge sales tax?
Since sales taxes are required to be paid only once, the theory behind a resale exemption is simple: the customer (consumer or end user) will pay sales tax on the full retail price so when the reseller purchases from the manufacturer or distributor, they can be exempt from paying sales tax on that transaction.
What happens if I don’t collect sales tax?
California’s criminal failure to pay sales tax penalty is a misdemeanor with $1,000 – $5,000 fine and/or imprisonment for up to 1 year. Felony if intent to evade and unreported tax exceeds $25,000 in 12-month period. $5,000 – $20,000 fine and/or imprisonment for 16 months – 3 years.