Accountant Explains: Online Sales Tax In The U.S. - Complete Guide

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James Baker CPA

James Baker CPA

21 күн бұрын

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Do you want to skip the line and get the answers to your questions right away?
Do you want to learn exactly how you can have a Tax Free US Company and bank account without traveling to the US?
Do you want to grow your business and pay no taxes without spending hours and hours learning how everything works on youtube?
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Or get your questions answered right away on a call with James. Schedule with the link below to receive clarity on your tax situation and stop spinning wheels.
www.calendly.com/jamesbakercp...
Would you like to learn our 3 step strategy for owning and operating a US Company? Do you want to grow your business and pay no taxes without spending hours and hours learning how everything works on youtube?
You can schedule a FREE discovery call with our team with the link below.
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Check out James’ top recommended videos here - these are cornerstone videos that should answer many of your questions.
-----Longer videos that explain it all!
How to Legally Pay NO US Taxes - • IRS Secrets: How to LE...
How to Legally Pay NO US Taxes (part 2) - • Are you a Non Resident...
-----Guides and How tos
Annual reporting for a foreign owned multi member LLC (Masterguide) - • Tax Laws for Foreign-O...
What is Form W-BEN and why do I need it • How to Fill Out W-8BEN...
Which payments from US Companies are subject to withholding? • Which US Payments are ...
How to complete Form W-8BEN - • 🧾🔍 HOW TO complete Fo...
How to complete Form W-8BEN-E - • How to Complete Form W...
How to get an ITIN - • Get an ITIN Number for...
-----And don’t forget to check out all of the “CALLS WITH JIM”
• Calls with Jim
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Do you want to learn how to open and operate a Tax Free Company in the USA even if you live outside the US and don’t have a visa.
Click here - www.jamesbakercpa.com/offers/...
Already have an LLC? Did you already complete form 5472 for your company? Did you know there is a $25,000 penalty for not doing this form? I’ve made a short training that explains exactly what you need to do and why so you can get this done quickly and correctly, the first time around.
Click here - www.jamesbakercpa.com/offers/...
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Looking for help with your SALES TAXES? Check out a couple of our videos on the topic -
What are sales taxes? • Do I pay Sales Taxes o...
What is a resale Certificate and Why do you Need it - • What is a Resale Certi...
How to get a Florida Resale Certificate, Part 1 - • 📝💼How to get FLORIDA R...
How to get a Florida Resale Certificate, Part 2 - • Get Your Florida Resal...
How to file a DR-15 Florida Sales and Use Tax with 0 Sales - • How to File Your Flori...
I get asked what company I recommend to help with sales taxes and every time I mention Tax Jar. Once set up, tax jar can complete all of your monthly sales tax filings automatically. If you are looking to solve this problem forever, click this link to find out more about what they can do for you. taxjar.grsm.io/jamesbaker7628
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Lawyer Disclaimer (Occupational Hazard): This is not legal advice. Everything here is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney for advice regarding any particular issue or problem.

Пікірлер: 14
@ScottJLetourneau
@ScottJLetourneau 16 күн бұрын
Thanks again, James, for having me as a guest. Sales tax is a complex subject and a moving target as states come to make changes.
@Ajay_Cheema
@Ajay_Cheema 20 күн бұрын
Well done. Can you talk more about how this applies to Software and Digital Services?
@JamesBakerCPA
@JamesBakerCPA 19 күн бұрын
We did briefly, but the short answer was once your sales are over 1,000,000 then you should just pay Scott for a Nexus study. Then you will know. Before that, don't really worry about it
@SanketGargca
@SanketGargca 6 күн бұрын
No sales tax on online services
@kirohisham6003
@kirohisham6003 15 күн бұрын
Please reply, James Well, when I signed up, I found the LLC Operating Agreement: Definition, Purpose, Format, and Importance Do I need to file a Wyoming operating agreement or what?? Why do I need it??
@nullbeyondo
@nullbeyondo 19 күн бұрын
Do we have to pay sales taxes only for the difference between the economic nexus threshold and our sales, or for 100% of our sales in that state once we reach the the economic nexus? And if it is 100% of our sales, let's assume a fictional state with a threshold of $100k. In that state once we reach nexus, does that mean we've to pay sales taxes for our very first $100k or only onwards? And if we keep our sales below $100K in that fictional state, do we just never pay sales taxes? Is it considered illegal refusing to sell anymore to customers in certain states based on how far away our sales from that threshold? Not that I'm considering it (it's bad for business scaling), this is just a thought experiment.
@JamesBakerCPA
@JamesBakerCPA 19 күн бұрын
Once you reach Nexus you register and start collecting and paying sales taxes. The prior sales aren't subject to it
@kirohisham6003
@kirohisham6003 19 күн бұрын
I have a question about getting an EIN faster Can I call them right away and get an EIN right away instead of filling out Form SS-4?
@JamesBakerCPA
@JamesBakerCPA 19 күн бұрын
Need to file the ss4 first
@JamesBakerCPA
@JamesBakerCPA 19 күн бұрын
Only foreign entities can get EINs over the phone
@kirohisham6003
@kirohisham6003 19 күн бұрын
@@JamesBakerCPA Yes, I am a foreigner, so based on your answer, I can contact them instead of filling out Form SS-4 This is correct??
@jolenethellama
@jolenethellama 18 күн бұрын
​@@kirohisham6003 You need to fax them the SS-4 and then call them a few days later. Or wait until they mail it to you.
@SanketGargca
@SanketGargca 6 күн бұрын
​​@@kirohisham6003form SS4 is mandatory to be filed
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