US Taxation Expert to Help with my Tax on Sales from Ebay
Budget: $30 – $250 USD
Sales and Use Taxes
• Generally, once a company has nexus to a state with respect to sales and use
taxes, that company must register with the state’s tax department, file sales
tax returns, and pay its sales tax liabilities.
• Depending on the volume of sales, the company may be required to file
returns on an annual, quarterly, or monthly basis.
• Generally, sales tax is imposed on retail sales, leases, rentals, barters, or
exchanges of tangible personal property and certain enumerated services
unless specifically exempted or excluded from tax.
• Sales tax generally is imposed in the jurisdiction in which the ‘sale’ occurs.
The definition of ‘sale’ differs from jurisdiction to jurisdiction; however,
the definition generally includes both (1) consideration and (2) transfer of title, right to use, or control (possession) in the case of tangible property and
completion of the service act in the case of a service
Delaware Franchise Tax
• Any corporation that is incorporated in Delaware (regardless of where you
conduct business)must file an Annual Franchise Tax Report and pay Franchise
Tax for the privilege of incorporating in Delaware.
• Franchise Taxes and annual Reports are due no later than March 1st of
each year.
• The Delaware Franchise Tax will range from $175 to $200,000 depending on
the amount of the company’s authorized shares. For example, a corporation
having 10,000 authorized shares will have a tax of $250. Generally, the more
shares the US corporation has, the higher the Franchise Tax (with a maximum
annual tax of $200,000). An Annual Report filing fee of $50 is also required
• Generally, once a company has nexus to a state with respect to sales and use
taxes, that company must register with the state’s tax department, file sales
tax returns, and pay its sales tax liabilities.
• Depending on the volume of sales, the company may be required to file
returns on an annual, quarterly, or monthly basis.
• Generally, sales tax is imposed on retail sales, leases, rentals, barters, or
exchanges of tangible personal property and certain enumerated services
unless specifically exempted or excluded from tax.
• Sales tax generally is imposed in the jurisdiction in which the ‘sale’ occurs.
The definition of ‘sale’ differs from jurisdiction to jurisdiction; however,
the definition generally includes both (1) consideration and (2) transfer of title, right to use, or control (possession) in the case of tangible property and
completion of the service act in the case of a service
Delaware Franchise Tax
• Any corporation that is incorporated in Delaware (regardless of where you
conduct business)must file an Annual Franchise Tax Report and pay Franchise
Tax for the privilege of incorporating in Delaware.
• Franchise Taxes and annual Reports are due no later than March 1st of
each year.
• The Delaware Franchise Tax will range from $175 to $200,000 depending on
the amount of the company’s authorized shares. For example, a corporation
having 10,000 authorized shares will have a tax of $250. Generally, the more
shares the US corporation has, the higher the Franchise Tax (with a maximum
annual tax of $200,000). An Annual Report filing fee of $50 is also required