Get the free Sales Tax and Compensating Use Tax Pub. KS-1510 (Rev. 1-14). Sales Tax - rvpolicy kd...
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Sales Tax and Compensating Use Tax Welcome to the Kansas business community! This publication has been prepared by ODOR (Kansas Department of Revenue) to assist you in understanding how the Kansas
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What is sales tax and compensating?
Sales tax is a consumption tax imposed by the government on the sale of goods and services. Compensating tax is a tax paid on purchases made out of state to make up for the sales tax that would have been paid if the purchase was made in-state.
Who is required to file sales tax and compensating?
Businesses and individuals who sell taxable goods or services are required to file sales tax. Compensating tax is typically filed by individuals who make purchases out of state.
How to fill out sales tax and compensating?
To fill out sales tax, businesses must collect the appropriate sales tax from customers and report it to the government. Compensating tax is typically self-reported by individuals on their state tax return.
What is the purpose of sales tax and compensating?
The purpose of sales tax is to generate revenue for the government and help fund public services. Compensating tax ensures that out-of-state purchases are taxed to prevent tax evasion.
What information must be reported on sales tax and compensating?
Sales tax forms typically require information such as sales revenue, tax collected, and other relevant financial data. Compensating tax may require reporting of out-of-state purchases and the corresponding tax paid.
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