Question

In: Accounting

For sales/use tax purposes, nexus usually requires that: a. The seller has customers in the state....

For sales/use tax purposes, nexus usually requires that:

a. The seller has customers in the state.

b. The customer have a registration number with the state in which the property was sold.

c. The seller has a physical presence in the state.

d. The customer use the property in the state in which the sale took place.

Solutions

Expert Solution

For sales tax purpose nexus usually requires

The seller has physical presence in the state

Nexus Presence .include:

1.Workers

2.Warehouses

3.Property

4 .Inventory

It requires the business to be present in the state.That the business collects and submits the sales tax in that specific state only. For example if one business is present in Toronto then it should pay sales tax in Toronto only.


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