Last few years we have bought our Christmas trees from the local Optimist Club. They had always been a straight up price with no sales tax. This year they started charging sales tax. I asked them about it, and they said they were always figuring tax into the sales price and then paying the state. Fair enough. I won't bore you with all the details of the conversation, but I was not the first person to ask about.
The reason this is of particular interest to me is because my son's Cub Scout Pack sells that overpriced popcorn every year - about $13k-15k worth. We have never charged tax and never paid the state. This has never been something mentioned by our area council either.
Any CPAs provide insight on this?
The reason this is of particular interest to me is because my son's Cub Scout Pack sells that overpriced popcorn every year - about $13k-15k worth. We have never charged tax and never paid the state. This has never been something mentioned by our area council either.
Any CPAs provide insight on this?