Frequently Unclaimed Tax Credit – Automotive Dealers
Independent automotive dealers have a lot on their plates when it comes to running their business and they may not have time to understand all the finite details that come with their sales tax reporting obligations. While most dealers certainly understand that their wholesale vehicle sales are exempt sales for resale and that their retail sales are subject to tax, they may not be familiar with a tax credit that is both easy to claim and applies to almost every vehicle dealership, both new and used. Most dealerships are also familiar with resale certificates that they issue to […]