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Mark Anderson
Mark Anderson, Tax Attorney
Category: Tax
Satisfied Customers: 540
Experience:  Tax attorney and accountant
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I am a CPA and one of my clients owns a couple of gas

Customer Question

I am a CPA and one of my clients owns a couple of gas stations where he does not purchase the gas but receives a commission on the gas sold, consequently, he doesn't have to bother collecting the various federal and state taxes, since they are paid by the gas company.. He just purchased another gas station, but now he purchases the gas and must pay all the taxes. The gas station is located in Nassau County in New York and I need to know what Federal, State and Local taxes have to be paid and what are the filing requirements monthly, quarterly and annually. Also what Federal State and Local tax forms need to be filed.
Submitted: 6 months ago.
Category: Tax
Customer: replied 6 months ago.
I am submitting a copy of an invoice from the gas company for their first shipment of gas. Also, the client sent me this schedule which appears to be some kind of cost breakdown based on gasoline blend. I don't know what this schedule is.
See attachments
Expert:  Mark Anderson replied 6 months ago.
http://www.boe.ca.gov/industry/gas_stations.html
Expert:  Mark Anderson replied 6 months ago.
http://nypost.com/2012/03/18/new-york-has-highest-gas-tax-in-us/
Expert:  Mark Anderson replied 6 months ago.
It looks like all the taxes are on the invoice.
Expert:  Mark Anderson replied 6 months ago.
https://www.tax.ny.gov/bus/gas/gasidx.htm
Expert:  Mark Anderson replied 6 months ago.
https://www.tax.ny.gov/pubs_and_bulls/publications/gasoline_pubs.htm
Expert:  Mark Anderson replied 6 months ago.
The sales tax is 4.5% for the county:https://www.tax.ny.gov/pdf/publications/sales/pub718f.pdf
Expert:  Mark Anderson replied 6 months ago.
https://www.tax.ny.gov/pdf/publications/multi/pub908.pdf
Expert:  Mark Anderson replied 6 months ago.
http://www.api.org/oil-and-natural-gas/consumer-information/motor-fuel-taxes/gasoline-tax
Expert:  Mark Anderson replied 6 months ago.
http://www.newyorkgasprices.com/tax_info.aspx
Expert:  Mark Anderson replied 6 months ago.
https://www.tax.ny.gov/pdf/2012/st/st100_10i_112.pdf