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Submitted 243 days ago...

lnicodemo

lnicodemo

New User (1)

In i buy a car for my limousine company can i use my federal id # and not pay the sales tax?

We are buying a car for our new limousine company. we will title it under the company name do we pay sales tax when we purchase?

 
 
 
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Submitted 236 days ago...

MachWorks

MachWorks

New User (2)

Since your company is the end user of the product and it is not purchased exclusively for resale, you must pay the applicable sales tax. Don't forget to include the sales tax and ALL costs associated with buying the car and getting it to you in the value of the asset. This is so you can recapture the cost through regular depreciation or a section 179 deduction on form 4562.

 
 

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