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Sales Tax on Shipping: When Does it Apply?

TaxConnex

Give a buyer in Louisiana the option to contract separately for shipping and the cost becomes tax-exempt. Origin and destination sourcing figure big in South Carolina. And even if you think you’ve got a grip on how a state taxes shipping, watch for local rules in such strong home-rule states as Colorado and Louisiana.

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IRS Extends Tax Deadlines for Hurricane Debby Victims in the Southeast

Withum

On August 9, 2024, the IRS announced relief from certain tax filing and payment deadlines for individuals and businesses in all of South Carolina, most of Florida and North Carolina, and part of Georgia that were affected by Hurricane Debby.

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State Sales and Use Tax Update

TaxConnex

The case in point brought out how a transaction in which a provider doesn’t transfer tangible personal property to a customer generally would not be subject to retailers’ occupation tax, use tax, service occupation tax or service use tax.

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The latest on sales tax on shipping charges (part 1)

TaxConnex

When items in a shipment are exempt from sales tax in a given state, so is the cost of shipping. Connecticut, Georgia, Michigan, North Dakota, South Carolina, Tennessee, Texas, Vermont, Washington, West Virginia and Wisconsin follow this rule.

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The latest on sales tax on shipping charges (part 2)

TaxConnex

Delivery charges in Maine are exempt from sales tax if shipment is direct to the purchaser, shipping charges are separately stated and shipment is made by common or contract carrier or the U.S. And in South Carolina, sales tax on shopping depends on whether the delivery terms are by destination or shipping point.

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Cherry Bekaert Tax Services Help Real Estate Company Optimize Investments, Save Tax Dollars

Cherry Bekaert

The Company turned to Cherry Bekaert to understand the tax implications of the sale. acres of land in Myrtle Beach, South Carolina, with the intention of building a 12-unit multi-family property. Situation In 2019, a qualified opportunity zone fund raised $5M of capital to invest in a QOZB, which purchased 2.43

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IRS Provides Relief to Taxpayers Impacted by Hurricane Helene

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The IRS issued a news release providing tax relief for taxpayers affected by Hurricane Helene. This includes the entire states of Alabama, Georgia, North Carolina, and South Carolina, 41 counties in Florida, eight counties in Tennessee, and six counties and one city in Virginia.