Thursday, August 17, 2006

For Seminar Participants - New Handouts Available

If you've been waiting for the latest version of the handouts to be posted, they're now available at the URL you were given in the seminar.


NC Manufacturers - A Clarification

For those of you in the seminar this week from NC, manufacturers DO get an exemption from the tax. They don't have tax collected from their purchases, and they don't have to remit use tax. BUT there IS that derned privilege tax.


Thursday, August 03, 2006

More on leasing with an operator

Here are a couple of more points to consider, which are VERY objective and may help with determining this transaction's taxability:

1. Was the equipment bought by the lessor for resale?
2. Is the lease payment based on how long the equipment is leased for as opposed to the successful completion of a job?

Sales Tax Guy