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What is the definition of a marketplace facilitator in North Carolina?
What is the threshold for a marketplace facilitator to collect and remit sales and use tax on taxable marketplace-facilitated sales in North Carolina?
What is the responsibility of an auctioneer who meets the definition of a marketplace facilitator in North Carolina?
Are auctioneers who only call bids at an event considered marketplace facilitators in North Carolina?
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What type of sales are auctioneers liable for collecting and remitting North Carolina sales and use tax on?
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What form can an auctioneer accept in lieu of a Form E-595E for sales solely for the purpose of export to a foreign country?
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What is the acceptable proof of transportation and delivery to a point outside North Carolina?
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What is the requirement for retailers to file a Sales and Use Tax Return in North Carolina?
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Are auctioneers required to collect and remit sales tax for other states if they sell products for delivery into those states?
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What is the definition of a marketplace facilitator in North Carolina?
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What is the threshold for a marketplace facilitator to collect and remit sales and use tax on taxable marketplace-facilitated sales in North Carolina?
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What is the responsibility of an auctioneer who meets the definition of a marketplace facilitator in North Carolina?
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Are auctioneers who only call bids at an event considered marketplace facilitators in North Carolina?
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What type of sales are auctioneers liable for collecting and remitting North Carolina sales and use tax on?
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What form can an auctioneer accept in lieu of a Form E-595E for sales solely for the purpose of export to a foreign country?
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What is the acceptable proof of transportation and delivery to a point outside North Carolina?
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What is the requirement for retailers to file a Sales and Use Tax Return in North Carolina?
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Are auctioneers required to collect and remit sales tax for other states if they sell products for delivery into those states?
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Who is responsible for collecting and remitting sales and use tax on taxable marketplace-facilitated sales in North Carolina?
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What makes an auctioneer a marketplace facilitator in North Carolina?
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What is the threshold for a marketplace facilitator to be required to collect and remit sales and use tax on taxable marketplace-facilitated sales in North Carolina?
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When are auctioneers liable for collecting and remitting sales and use tax on taxable marketplace-facilitated sales in North Carolina?
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Are auctioneers who only call bids and do not conduct other activities at an event considered marketplace facilitators in North Carolina?
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Are auctioneers liable for collecting and remitting North Carolina sales and use tax on sales of new or used household possessions, equipment, and tangible personal property at estate sales or auctions sourced to North Carolina?
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Are auctioneers required to register for North Carolina sales and use tax?
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How often are retailers required to file a Sales and Use Tax Return in North Carolina?
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Are auctioneers required to collect and remit sales tax for other states?
Signup and view all the answers
What is the threshold for a marketplace facilitator to collect and remit sales and use tax on taxable marketplace-facilitated sales in North Carolina?
Signup and view all the answers
What is the definition of a marketplace facilitator in North Carolina?
Signup and view all the answers
What is the responsibility of an auctioneer who meets the definition of a marketplace facilitator in North Carolina?
Signup and view all the answers
Are auctioneers who only call bids at an event considered marketplace facilitators in North Carolina?
Signup and view all the answers
What type of sales are auctioneers liable for collecting and remitting North Carolina sales and use tax on?
Signup and view all the answers
What is the requirement for retailers to file a Sales and Use Tax Return in North Carolina?
Signup and view all the answers
Are auctioneers required to collect and remit sales tax for other states if they sell products for delivery into those states?
Signup and view all the answers
What form can an auctioneer accept in lieu of a Form E-595E for sales solely for the purpose of export to a foreign country?
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What is the acceptable proof of transportation and delivery to a point outside North Carolina?
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Study Notes
FAQs for Auctioneers on North Carolina Sales and Use Tax Obligations
- Effective February 1, 2020, auctioneers who meet the definition of a marketplace facilitator are liable for collecting and remitting sales and use tax on taxable marketplace-facilitated sales.
- Auctioneers are considered marketplace facilitators if they list or make available for sale a marketplace seller's items through a marketplace owned or operated by the marketplace facilitator and collect the sales price or purchase price of a marketplace seller's items or otherwise process payment.
- A marketplace facilitator that makes sales sourced to North Carolina for the previous or current calendar year that meets the threshold of either gross sales in excess of $100,000 or 200 or more separate transactions is required to collect and remit sales and use tax.
- Auctioneers that meet the definition of a marketplace facilitator are liable for collecting and remitting sales and use tax on taxable marketplace-facilitated sales on a prospective basis once the threshold has been met.
- Auctioneers that only call bids and do not conduct other activities at an event are not considered marketplace facilitators and are not required to collect and remit sales and use tax for the event.
- Auctioneers are liable for collecting and remitting North Carolina sales and use tax on sales of new or used household possessions, equipment, and tangible personal property at estate sales or auctions sourced to North Carolina, unless the sale is exempt or supported by a properly completed Form E-595E.
- Auctioneers are also liable for collecting and remitting North Carolina sales and use tax on sales of farm machinery and equipment at estate sales or auctions sourced to North Carolina, unless the sale is exempt or supported by a properly completed Form E-595E.
- Auctioneers are required to register for North Carolina sales and use tax and may do so through the Department's online business registration portal or by submitting a completed Form NC-BR.
- Retailers are required to file a Sales and Use Tax Return on a quarterly, monthly, or monthly with prepayment basis depending on the retailer's total monthly sales and use tax liability.
- Auctioneers may be required to collect and remit sales tax for other states if they sell products for delivery into those states and should contact each state to determine their requirements.
- Acceptable proof of transportation and delivery to a point outside North Carolina includes a waybill or bill of lading, an insurance or registry receipt issued by the United States Postal Service, or a signed trip sheet.
- If the purchaser presents a Form E-599C, Purchaser's Affidavit of Export, the auctioneer may accept it in lieu of a Form E-595E, Streamlined Sales and Use Tax Certificate of Exemption, for sales solely for the purpose of export to a foreign country.
FAQs for Auctioneers on North Carolina Sales and Use Tax Obligations
- Effective February 1, 2020, auctioneers who meet the definition of a marketplace facilitator are liable for collecting and remitting sales and use tax on taxable marketplace-facilitated sales.
- Auctioneers are considered marketplace facilitators if they list or make available for sale a marketplace seller's items through a marketplace owned or operated by the marketplace facilitator and collect the sales price or purchase price of a marketplace seller's items or otherwise process payment.
- A marketplace facilitator that makes sales sourced to North Carolina for the previous or current calendar year that meets the threshold of either gross sales in excess of $100,000 or 200 or more separate transactions is required to collect and remit sales and use tax.
- Auctioneers that meet the definition of a marketplace facilitator are liable for collecting and remitting sales and use tax on taxable marketplace-facilitated sales on a prospective basis once the threshold has been met.
- Auctioneers that only call bids and do not conduct other activities at an event are not considered marketplace facilitators and are not required to collect and remit sales and use tax for the event.
- Auctioneers are liable for collecting and remitting North Carolina sales and use tax on sales of new or used household possessions, equipment, and tangible personal property at estate sales or auctions sourced to North Carolina, unless the sale is exempt or supported by a properly completed Form E-595E.
- Auctioneers are also liable for collecting and remitting North Carolina sales and use tax on sales of farm machinery and equipment at estate sales or auctions sourced to North Carolina, unless the sale is exempt or supported by a properly completed Form E-595E.
- Auctioneers are required to register for North Carolina sales and use tax and may do so through the Department's online business registration portal or by submitting a completed Form NC-BR.
- Retailers are required to file a Sales and Use Tax Return on a quarterly, monthly, or monthly with prepayment basis depending on the retailer's total monthly sales and use tax liability.
- Auctioneers may be required to collect and remit sales tax for other states if they sell products for delivery into those states and should contact each state to determine their requirements.
- Acceptable proof of transportation and delivery to a point outside North Carolina includes a waybill or bill of lading, an insurance or registry receipt issued by the United States Postal Service, or a signed trip sheet.
- If the purchaser presents a Form E-599C, Purchaser's Affidavit of Export, the auctioneer may accept it in lieu of a Form E-595E, Streamlined Sales and Use Tax Certificate of Exemption, for sales solely for the purpose of export to a foreign country.
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Description
Are you an auctioneer in North Carolina? Do you know your sales and use tax obligations? Take this quiz to test your knowledge on the latest tax laws and regulations for auctioneers in North Carolina. Learn about your responsibilities as a marketplace facilitator, when to collect and remit sales tax, and how to properly register for sales and use tax. Get ready to boost your understanding of North Carolina sales and use tax obligations for auctioneers!
