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FFL Charging tax on transfers


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24 replies to this topic

#21 Parashooter

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Posted May 17 2012 - 04:47 PM


Then he owes a lot of people refunds!


No.. NY State owes the refunds... His accountant told him to collect sales tax, and so he did.



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#22 Mad Russian

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Posted May 17 2012 - 04:53 PM


No.. NY State owes the refunds... His accountant told him to collect sales tax, and so he did.


Correct, under the assumption the he actually forwarded everything he was supposed to....

#23 tonythelip

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Posted May 17 2012 - 05:27 PM

Im so confused! Lets say a ffl charges $45.00 for a tarnsfer now they have to ring $45.00 in the register and in sales how is that $45.00 not subject to NYS sales tax. Please explain.

#24 NRATC53

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Posted May 17 2012 - 06:18 PM


Correct, under the assumption the he actually forwarded everything he was supposed to....


Really...

#25 wreckhog

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Posted May 17 2012 - 06:32 PM

Im so confused! Lets say a ffl charges $45.00 for a tarnsfer now they have to ring $45.00 in the register and in sales how is that $45.00 not subject to NYS sales tax. Please explain.


Read the end of the article. NY does not list it as a service for which sales taxes are to be paid (or collected). Now given that other friendly FFLs have collected these taxes, sent them to NYS and deducted them from revenue on which fed taxes were paid, this should suck unless you are an accountant.




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