Filing of sales tax is a serious matter.
The seller collects sales tax on the behalf of the state and files the returns with the state each month or year.
The payment of sales tax is based on the volume of business that seller conducts.
There are three important steps to file sales tax in the US: 1.
The state department of revenue of that particular state should be contacted first and a form should be collected.
This form will be used for filing sales tax that has been collected by a business firm on behalf of the state.
2.
Along with the sales tax, the use tax should also be reported on a regular basis.
The items purchased on a wholesale basis but have been withdrawn from the business for personal use is still taxed and this tax is called use tax.
3.
The tax form collected from the state's revenue department has to be duly filled out and filed in the required time period to avoid any penalties or interest.
Another way to file sales tax in the US is e-filing.
E-filing or electronic filing is one of the most convenient, accurate, fast and secure filing systems.
The filings are easier and quicker to process than mailed returns, Moreover, it is more secure than traditional methods of filing as an up-to-date encryption technology of industry-standards is used to transmit the returns electronically.
Tax payers using the e-filing method are required to file Form E- 500 electronically.
This form is allowed by the state department's online filing and payment system.
The E-500 form (sales and use tax return form) is accompanied with Form E-543, schedule of sales and use tax by the city, and Form E-536, schedule of county sales and use taxes.
Filing E-500 forms via websites such as Turbo Tax help the IRS to process the return and/or payment more accurately.