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Affidavit of Exempt Sale This form is provided by home rule municipalities within the State of Colorado to record supporting information for any transaction on which an exemption from tax is claimed.

How to fill out affidavit of exempt sale

How to fill out affidavit of exempt sale:

1. Obtain the necessary form: You can usually find the affidavit of exempt sale form on the website of your state's tax department or through a local tax office. Make sure to download or print the most recent version of the form.
2. Provide your personal information: The form will ask for your name, address, and contact details. Fill in all the required fields accurately and legibly.
3. State the reason for the exempt sale: In this section, you need to explain why the sale is considered exempt from taxes. Common reasons for exemption include sales to tax-exempt organizations, sales of items that are exempt by law, or sales made out of state.
4. Describe the nature of the sale: Indicate what is being sold and provide relevant details about the product or service. This includes the quantity, the value, and any additional information required by the form.
5. Include any supporting documentation: Depending on the specific requirements of your state, you may need to attach supporting documents to verify the exemption claim. This can include copies of tax-exemption certificates, resale certificates, or any other relevant documents.
6. Sign and date the affidavit: Review the completed form for accuracy and completeness. Once you are satisfied, sign and date the affidavit to certify that the information provided is true and accurate to the best of your knowledge.

Who needs an affidavit of exempt sale:

1. Individuals or businesses selling goods or services that are exempt from sales tax: If you are engaged in a business that deals with items or services considered exempt from sales tax, you may need to fill out an affidavit of exempt sale to document the transaction and ensure compliance with tax regulations.
2. Buyers of tax-exempt goods or services: Some buyers may request an affidavit of exempt sale from the seller to substantiate the exempt status of their purchase. This provides assurance that the buyer will not be held liable for any sales tax associated with the transaction.
3. Government entities or tax-exempt organizations: Government entities, such as federal, state, or local governments, as well as certain tax-exempt organizations, often require sellers to provide an affidavit of exempt sale when making purchases. This exempts them from paying sales tax on qualifying transactions.

In summary, the affidavit of exempt sale is a form that needs to be filled out accurately and signed by sellers or buyers of tax-exempt goods or services. It helps document and support the exemption claim and ensures compliance with applicable tax laws.

For pdfFiller’s FAQs

What is affidavit of exempt sale?

Affidavit of exempt sale is a document used to claim an exemption from sales tax on a particular transaction.

Who is required to file affidavit of exempt sale?

Any individual or business making a tax-exempt sale is required to file an affidavit of exempt sale.

How to fill out affidavit of exempt sale?

To fill out an affidavit of exempt sale, you must provide details about the transaction, the reason for claiming the exemption, and any supporting documentation.

What is the purpose of affidavit of exempt sale?

The purpose of affidavit of exempt sale is to document and verify the basis for claiming a sales tax exemption on a particular transaction.

What information must be reported on affidavit of exempt sale?

The affidavit of exempt sale must include information about the seller, buyer, transaction details, reason for exemption, and any supporting documentation.

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