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Recent Export Tax questions

I am US citizen/SubS considering expanding my existing online

I am US citizen/SubS considering expanding my existing online product sales using Amazon.com to Amazon.ca (Canada). Tax obligations are a concern and difficult to get an answer - no one seems to be want to get pinned down. So here is what I believe to be true from information digested so far. There seems to be 3 areas. 1) I know as the US exporter on record I would pay a GST of about 5% on the declared COGS or cost of goods sold - which I need to add to my selling price. 2) I am pretty sure that by treaty with US that the profits generated that would flow directly from Amazon.ca to my US bank account would only be taxed by the US and I would not owe a Canadian Income tax. 3) Buyer GST/PST/HST are taxes that Amazon.ca is optionally able to collect from the user based on their location/province. If collected those taxes flow through to my US account and are tax obligations owed to the Canadian government. 3a) There is some info out there that Canada would consider someone who sells less that $30KCDN a small seller that is not required to collect GST/PST/HST tax. 3b) The GST paid as export tax can be recouped/reconciled/deducted from the GST tax collected - TRUE? 3c) The service fees that Amazon charge are also taxed and are also considered a deduction against GST/HST/PST taxes owed.. BTW You also need to get a Canadian Business ID before you can export or collect and pay taxes....I'm sure there is more to this..... love to hear what I got right-wrong or missed so far.OR if no ones knows - any links to advisors who do know???Thanks in advance

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Lev

Retired

Bachelor's Degree Equivalent

24,192 satisfied customers
I have a friend that has a business in Japan. She lives hear

I have a friend that has a business in Japan. She lives hear in the States and buys product hear in the states but sells them through a web based portal in Japan. She ships the product from the states and pay the export tax. She is paid in Japan yen and then converts the money into dollars and brings it back to the US. Is the money she brings back to the states subject to US income tax?

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Robin D.

Vocational, Technical or Trade School

21,180 satisfied customers
Does a car dealer have to pay tax on export cars? Does the

Does a car dealer have to pay tax on export cars?Does the purchaser have to pay tax on the car?I am wanting to import a Nissan Leaf to Norway, and I know how much tax I have to pay here in Norway, but I want to make sure I know the total price.The car costs approximately USD$37649Awaiting your kind reply,

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Megan C

Master's Degree

29,966 satisfied customers
Dear Expert, I have bought a used car to export from a dealer

Dear Expert, I have bought a used car to export from a dealer in NJ, but at the time I had an Illinois driver's license which the dealer used for paperwork (to avoid NJ sales tax). Now I got a letter from NJ Taxation Division saying that I owe sales tax on that car since I had a place of abode in NJ (and I did). I called a clerk and explained that car have never been in my possession and was taken (towed) directly to shipping company. He answered that since the car was purchased from a dealer, according to NJ Law, I am required to pay sales tax in time of purchase no matter what! Then I asked him: what if I bought a car from private party, then I don't pay sales tax till I actually go to register it in DMV? And if I never register it (export for such a case), then I pay no sales tax!!! - and he agreed. So why is that different?!! The Law must be the same for both cases, I just don't know how to prove it! I really need your help! This clerk doesn't listen to my explanations, I have send him all papers I had (copy of title with a custom stamp and a Bill of Lading)-no help. He keeps pointing at NJ Law which requires a dealer to collect sales tax on the spot. So, if you kindly could refer me to Federal (or state) Law or act suiting my situation I would really appreciate it! Best regards, XXXXX XXXXX: Please, let me know if I have to pay for your advice. P.P.S: excuse me my grammar. Optional Information: State/Country relating to question: New JerseyAlready Tried: Talked to clerk with no help.I understand where the tax agent coming from, but I have not had any possession of this car. It was towed to a shipping company straight from the dealer parking lot. I heard that Federal Law prohibits from collecting tax on export. Does it mean in my case that the State Law overrides Federal (or Constitution)?What I really need to know is there any way I can represent a situation to a Taxation Clerk so he drops the case?Here is what I found online, but I can not get to that expert, last time he was online a year ago."if you take possession of the car, even to transport it yourself to a shipper, sales tax is required. It has to be delivered by common carrier or by the dealership to the ship in order for you to avoid sales tax.There is no export tax in the U.S.: In the US, export taxes are unconstitutional since the US constitution contains a clause prohibiting their use. The U.S. did enact an export profits tax law, but that does not apply in exporting for personal use.Read more: export car tax - JustAnswer http://www.justanswer.com/tax/0yhjw-export-car-tax.html#ixzz1a7LgpZIZLets talk U.S. sales and use tax. In order to avoid the tax, by shipping a car overseas, the dealer has to ship the car directly. Else, you would have to take possession of it in order to move it yourself, which would require payment of sales tax. Some dealerships will write up the paperwork in such a way that it appears as if they are shipping it, but you are actually the shipper. They would simply indicate for delivery to your country. You would get temporary or tranport tags to move the vehicle to the shipping doc.Read more: export car tax - JustAnswer http://www.justanswer.com/tax/0yhjw-export-car-tax.html#ixzz1a7LZ65cG

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Jax Tax

Senior Tax Attorney

Master's Degree

922 satisfied customers
export car tax

If i'm buying a brand new car and will not going to have it under my name(buy it with a clean title from the dealer) exporting the car as a gift to china,(might sell it later, haven't made up my mind) do i have to pay taxes when i buy the car? how do i tell the dealer that the car is not going to be use in US? Just tell them? And what kind of taxes do i have to pay before the car can enter china(as an un-used car), can you tell me as the overall percentage of car value for the total tax amount? Also, once i gave the car away, do i still have to pay any type of property tax? do i need to report my sales(to US) as tax if i decided to sell the car in china? thank you

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Ed Johnson

Senior HR Consultant and Business Devlpm

Bachelor's Degree

6,994 satisfied customers
how much taxes will be imposed on adult material, dvds, ...

how much taxes will be imposed on adult material, dvds, clothing, accessiories, nove;lties,gifts,etc. for retail sales in acapulco, guererro, mexico. nina

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Ed Johnson

Senior HR Consultant and Business Devlpm

Bachelor's Degree

6,994 satisfied customers
TAXES ON MERCHANDISE BOUGHT OVER SEAS

Hi, can an Electronics Distribution Company from Germany selling Electronics over the Web to U.S. Customers avoid charging taxes on their customers if the customer wires the payment into an affiliates account here in the U.S. The Company, Agile Electronic GmbH, claims they do this so they can conduct their business in the U.S. and Canada Tax free. If they had the customer wire the money directly to them in Germany they would have to pay a 16% VAT plus a 3% export Tax which would have to added to the sales price making their wholesales to the U.S Market unprofitable

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Ed Johnson

Senior HR Consultant and Business Devlpm

Bachelor's Degree

6,994 satisfied customers
I am an ER physician. In 2016 I am taking $500,000

I am an ER physician. In 2016 I am taking $500,000 distributions from my defined benefit account to start a business. I spoke with my accountant, he advised pay the IRS estimated taxes on the distributions (in addition to my regular estimated tax on my earning as an ER physician), 45% of the distributions. To be sure I would be slightly overpaid, I paid the IRS 50% of the distributions or $250,000, hopefully 5% overpaid on the distributions, in addition to the taxes on my regular income. My income for 2016 and 2017 should be about $800,000 for my regular income as an ER physician. My question is, will I have to pay an extra amount of estimated tax on my income in 2017 because of the distributions in 2016? I will not be taking any distribution in 2017 but I am concerned I will have to pay an enormous extra estimated tax, in essence an overpayment, because of my income in 2016.

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

4,188 satisfied customers
I received a letter from he IRS telling me I owed $538.00 on

I received a letter from he IRS telling me I owed $538.00 on 14 August2016. I replied by letter mailed 24 August with information as follows: "Due to my poor proof reading skills I entered a wrong Social Security Number on my return. I had called both the Virginia Tax office and the and the IRS after I found the error a day after I had mailed the return and found my error to ask them if I should mail an mended return and was told by both not to send an amended return as it would only confuse the offices. They were notified by pone and I have no record of the call. About two months ago The Virginia Tax office notified me that I owed taxes and I responded by telephone and by letter enclosing my true SSN along with my withholding statement, my Amended tax form and a cop of the front and back of the check for payment due with my return which was cashed but not credited to our account. The matter was closed to my satisfaction by Telephone in a matter of three days.I replied to the IRS in Kansas , MIS with same information to the IRS that provided to Virginia. That letter was mailed on 24 August. On September 15, 2016 I received a notice from the IRSi in Kanss City that I not only owed the $538.36 but it was due on 29 September and if it was not paid by then I would be subject to a federal tax lien proceedings .Iwas on vacation from September 16th to September 23rd and could not call the IRS Kansas City office yesterday due to high call volume an cannot call until Monday the25th.My real question is how can I find out if the ever received my first letter and what is thestatus of their investigation? Should I pay the amount and hope to get the money back if it is resolved n my favor?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,646 satisfied customers
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