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Under what circumstances is tangible personal property exempt from North Carolina sales tax?
Under what circumstances is tangible personal property exempt from North Carolina sales tax?
What is the time limit for exporting tangible personal property purchased for export to a foreign country?
What is the time limit for exporting tangible personal property purchased for export to a foreign country?
What happens if the purchaser does not maintain a copy of the affidavit for the purchase of tangible personal property for export?
What happens if the purchaser does not maintain a copy of the affidavit for the purchase of tangible personal property for export?
Under what circumstances are sales of merchandise by an auctioneer or tag sale operator in North Carolina not subject to North Carolina sales or use tax?
Under what circumstances are sales of merchandise by an auctioneer or tag sale operator in North Carolina not subject to North Carolina sales or use tax?
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What is considered acceptable proof of transportation and delivery of merchandise to a point outside North Carolina?
What is considered acceptable proof of transportation and delivery of merchandise to a point outside North Carolina?
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Are sales of merchandise in North Carolina subject to North Carolina sales and use tax if the purchaser transports the item out of the state?
Are sales of merchandise in North Carolina subject to North Carolina sales and use tax if the purchaser transports the item out of the state?
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Who should be contacted for questions pertaining to these FAQs?
Who should be contacted for questions pertaining to these FAQs?
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What is the purpose of the purchaser's affidavit for the purchase of tangible personal property for export?
What is the purpose of the purchaser's affidavit for the purchase of tangible personal property for export?
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What is the penalty for not maintaining a copy of the affidavit for the purchase of tangible personal property for export?
What is the penalty for not maintaining a copy of the affidavit for the purchase of tangible personal property for export?
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What is the purpose of the acceptable proof of delivery outside North Carolina for sales of merchandise by an auctioneer or tag sale operator in North Carolina?
What is the purpose of the acceptable proof of delivery outside North Carolina for sales of merchandise by an auctioneer or tag sale operator in North Carolina?
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What is the purpose of the trip sheet for sales of merchandise by an auctioneer or tag sale operator in North Carolina?
What is the purpose of the trip sheet for sales of merchandise by an auctioneer or tag sale operator in North Carolina?
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What is the purpose of the insurance or registry receipt for sales of merchandise by an auctioneer or tag sale operator in North Carolina?
What is the purpose of the insurance or registry receipt for sales of merchandise by an auctioneer or tag sale operator in North Carolina?
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Under what circumstances is tangible personal property exempt from North Carolina sales tax?
Under what circumstances is tangible personal property exempt from North Carolina sales tax?
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What is the time limit for exporting tangible personal property purchased for export to a foreign country?
What is the time limit for exporting tangible personal property purchased for export to a foreign country?
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What happens if the purchaser does not maintain a copy of the affidavit for the purchase of tangible personal property for export?
What happens if the purchaser does not maintain a copy of the affidavit for the purchase of tangible personal property for export?
Signup and view all the answers
Under what circumstances are sales of merchandise by an auctioneer or tag sale operator in North Carolina not subject to North Carolina sales or use tax?
Under what circumstances are sales of merchandise by an auctioneer or tag sale operator in North Carolina not subject to North Carolina sales or use tax?
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What is considered acceptable proof of transportation and delivery of merchandise to a point outside North Carolina?
What is considered acceptable proof of transportation and delivery of merchandise to a point outside North Carolina?
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Are sales of merchandise in North Carolina subject to North Carolina sales and use tax if the purchaser transports the item out of the state?
Are sales of merchandise in North Carolina subject to North Carolina sales and use tax if the purchaser transports the item out of the state?
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Who should be contacted for questions pertaining to these FAQs?
Who should be contacted for questions pertaining to these FAQs?
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What is the purpose of the purchaser's affidavit for the purchase of tangible personal property for export?
What is the purpose of the purchaser's affidavit for the purchase of tangible personal property for export?
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What is the penalty for not maintaining a copy of the affidavit for the purchase of tangible personal property for export?
What is the penalty for not maintaining a copy of the affidavit for the purchase of tangible personal property for export?
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What is the purpose of the acceptable proof of delivery outside North Carolina for sales of merchandise by an auctioneer or tag sale operator in North Carolina?
What is the purpose of the acceptable proof of delivery outside North Carolina for sales of merchandise by an auctioneer or tag sale operator in North Carolina?
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What is the purpose of the trip sheet for sales of merchandise by an auctioneer or tag sale operator in North Carolina?
What is the purpose of the trip sheet for sales of merchandise by an auctioneer or tag sale operator in North Carolina?
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What is the purpose of the insurance or registry receipt for sales of merchandise by an auctioneer or tag sale operator in North Carolina?
What is the purpose of the insurance or registry receipt for sales of merchandise by an auctioneer or tag sale operator in North Carolina?
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What is the liability for an auctioneer meeting the definition of a marketplace facilitator in North Carolina as of February 1, 2020?
What is the liability for an auctioneer meeting the definition of a marketplace facilitator in North Carolina as of February 1, 2020?
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What is the threshold for gross sales or separate transactions sourced to North Carolina that makes a marketplace facilitator responsible for collecting and remitting sales tax?
What is the threshold for gross sales or separate transactions sourced to North Carolina that makes a marketplace facilitator responsible for collecting and remitting sales tax?
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What is the tax obligation for an auctioneer who only calls bids and does not conduct other activities at an event?
What is the tax obligation for an auctioneer who only calls bids and does not conduct other activities at an event?
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Are auctioneers and tag sale operators who sell new or used household possessions, equipment, and tangible personal property at estate sales or auctions in North Carolina liable for collecting and remitting sales and use tax on such transactions?
Are auctioneers and tag sale operators who sell new or used household possessions, equipment, and tangible personal property at estate sales or auctions in North Carolina liable for collecting and remitting sales and use tax on such transactions?
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Does the location of the sale affect an auctioneer's tax obligations in North Carolina?
Does the location of the sale affect an auctioneer's tax obligations in North Carolina?
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Are auctioneers required to collect and remit sales and use tax on sales of real estate or motor vehicles in North Carolina?
Are auctioneers required to collect and remit sales and use tax on sales of real estate or motor vehicles in North Carolina?
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Where can a list of general sales and use tax exemptions be found in North Carolina?
Where can a list of general sales and use tax exemptions be found in North Carolina?
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Where can a list of sales and use tax exemptions for farmers be found in North Carolina?
Where can a list of sales and use tax exemptions for farmers be found in North Carolina?
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What information must be included in a properly completed Form E-595E for sales and use tax exemption in North Carolina?
What information must be included in a properly completed Form E-595E for sales and use tax exemption in North Carolina?
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How can auctioneers, tag sale operators, and other marketplace facilitators register for North Carolina sales and use tax?
How can auctioneers, tag sale operators, and other marketplace facilitators register for North Carolina sales and use tax?
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What is the filing requirement for a retailer's Sales and Use Tax Return in North Carolina?
What is the filing requirement for a retailer's Sales and Use Tax Return in North Carolina?
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Study Notes
FAQs for Auctioneers on Sales and Use Tax Collection in North Carolina
- As of February 1, 2020, an auctioneer meeting the definition of a marketplace facilitator is liable for collecting and remitting sales and use tax on taxable marketplace-facilitated sales.
- The liability applies when the auctioneer lists or makes available for sale a marketplace seller's items through a marketplace owned or operated by the facilitator and collects the sales price or processes payment.
- The marketplace facilitator is responsible for collecting and remitting sales tax when their sales meet the threshold of either gross sales in excess of $100,000 or 200 or more separate transactions sourced to North Carolina.
- An auctioneer that is a marketplace facilitator is not obligated to collect and remit sales and use tax on its marketplace facilitated sales made prior to meeting the threshold.
- An auctioneer that only calls bids and does not conduct other activities at an event is not a marketplace facilitator and is not required to collect and remit sales and use tax.
- Auctioneers and tag sale operators who sell new or used household possessions, equipment, and tangible personal property at estate sales or auctions in North Carolina are liable for collecting and remitting sales and use tax on such transactions.
- The location of the sale, whether at the property owner’s home or farm, does not affect the auctioneer’s tax obligations.
- Auctioneers are not required to collect and remit sales and use tax on sales of real estate or motor vehicles in North Carolina.
- A list of general sales and use tax exemptions and sales and use tax exemptions for farmers can be found in N.C. Gen. Stat. § 105-164.13 and § 105-164.13E, respectively.
- Properly completed Form E-595E, Streamlined Sales and Use Tax Agreement Certificate of Exemption, must include the purchaser’s name, address, certificate of registration number, reason for exemption, and type of business.
- Auctioneers, tag sale operators, and other marketplace facilitators can register for North Carolina sales and use tax via 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.
FAQs for Auctioneers on Sales and Use Tax Collection in North Carolina
- As of February 1, 2020, an auctioneer meeting the definition of a marketplace facilitator is liable for collecting and remitting sales and use tax on taxable marketplace-facilitated sales.
- The liability applies when the auctioneer lists or makes available for sale a marketplace seller's items through a marketplace owned or operated by the facilitator and collects the sales price or processes payment.
- The marketplace facilitator is responsible for collecting and remitting sales tax when their sales meet the threshold of either gross sales in excess of $100,000 or 200 or more separate transactions sourced to North Carolina.
- An auctioneer that is a marketplace facilitator is not obligated to collect and remit sales and use tax on its marketplace facilitated sales made prior to meeting the threshold.
- An auctioneer that only calls bids and does not conduct other activities at an event is not a marketplace facilitator and is not required to collect and remit sales and use tax.
- Auctioneers and tag sale operators who sell new or used household possessions, equipment, and tangible personal property at estate sales or auctions in North Carolina are liable for collecting and remitting sales and use tax on such transactions.
- The location of the sale, whether at the property owner’s home or farm, does not affect the auctioneer’s tax obligations.
- Auctioneers are not required to collect and remit sales and use tax on sales of real estate or motor vehicles in North Carolina.
- A list of general sales and use tax exemptions and sales and use tax exemptions for farmers can be found in N.C. Gen. Stat. § 105-164.13 and § 105-164.13E, respectively.
- Properly completed Form E-595E, Streamlined Sales and Use Tax Agreement Certificate of Exemption, must include the purchaser’s name, address, certificate of registration number, reason for exemption, and type of business.
- Auctioneers, tag sale operators, and other marketplace facilitators can register for North Carolina sales and use tax via 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.
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Test your knowledge on the sales and use tax collection obligations for auctioneers in North Carolina with this informative quiz. Learn about the requirements for marketplace facilitators, tax exemptions, and how to properly register for sales and use tax. This quiz is a must for auctioneers and tag sale operators to ensure compliance with North Carolina tax laws.
