Tax Exempt Letter

We are a church with a 501-c and my question is about the tax exempt letter you take when you go shopping for the church.


We live in North Carolina (one of the highest tax states there is)and I was told that we pay the tax and file it at the end of the quarter.

Can you clarify this for me please.? What form is it that you use at the end of the quarter to file for your tax paid on items? Thanks very much

Answer

I am assuming each state has their own rules on handling tax exempt purchases.

Here is Oklahoma you have to fill out a APPLICATION FOR SALES TAX EXEMPTION form and if approved they send you a tax exempt letter. Then you just give your tax account ID to the retailer and they take off the taxes then.

You will probably need to contact your state’s tax agency to find out exactly what procedures you need to follow to receive a tax exemption on your church’s purchases.

Hope this helps,



Church Accounting Package

www.freechurchaccounting.com

Know the answer? Face the same situation? Please post your answer or comment by using the "comment" link below. Thank you!

Comments for Tax Exempt Letter

Click here to add your own comments

Feb 01, 2013
NC sales tax exempt
by: Anonymous

I found this:
http://www.dornc.com/downloads/sales.html

hope it helps

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Church Accounting FAQs.

Need a Consultation, help setting up an effective Accounting System, or someone to do your monthly bookkeeping?