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CITY OF DURANGO 2018 SALES/USE TAX Returning Period: Durango Bus. LIC. #20 1949 EAST SECOND AVENUE DURANGO, CO 813015109 (970) 3755033 www.durangogov.org Fax (970) 3755038 ONLINE FILING AVAILABLE
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How to fill out sales tax information
How to fill out sales tax information
01
Start by gathering all the necessary information related to your sales and sales tax requirements.
02
Determine the applicable sales tax rates for each jurisdiction where you have a sales presence.
03
Identify the taxable items or services that you sell.
04
Determine if you are required to collect sales tax and register with the appropriate tax authorities.
05
Fill out the necessary sales tax forms accurately and completely.
06
Calculate the amount of sales tax owed for each reporting period.
07
Submit the sales tax information and payment to the relevant tax authorities by the required due dates.
08
Keep detailed records of your sales tax activities for future reference and potential audits.
Who needs sales tax information?
01
Businesses or individuals engaged in selling goods or services that are subject to sales tax.
02
Companies with a physical presence (nexus) in jurisdictions that impose sales tax.
03
Online sellers who meet the economic nexus threshold in states with sales tax requirements.
04
Sellers who exceed the sales volume or transaction threshold specified by the tax authorities.
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What is sales tax information?
Sales tax information includes details about the amount of sales tax collected from customers by a business.
Who is required to file sales tax information?
Businesses that make taxable sales are required to file sales tax information with the tax authorities.
How to fill out sales tax information?
Sales tax information can be filled out by recording the total sales made during a reporting period and the amount of sales tax collected.
What is the purpose of sales tax information?
The purpose of sales tax information is to report the amount of sales tax collected by a business and ensure compliance with tax regulations.
What information must be reported on sales tax information?
Sales tax information must include details about the total sales made, the amount of sales tax collected, and any exemptions or deductions claimed.
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