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  #1  
Old 07-27-2021, 12:26 PM
chriskim chriskim is offline
Chris Kim
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Originally Posted by Peter_Spaeth View Post
If you win something from Goldin and he ships to a state without sales tax, he doesn't have to collect the tax for the state at the time of sale. So, as I understand how this works, it then shifts responsibility to the buyer, and of course buyers just don't pay sales tax on internet transactions all the time, unless the seller collects it from them.

I always wonder whether auction houses really file those sales tax that they collected from buyers to IRS "completely"..... or they just end up become "jerked up" buyer's premium.
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Old 07-27-2021, 12:33 PM
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Peter_Spaeth Peter_Spaeth is offline
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I always wonder whether auction houses really file those sales tax that they collected from buyers to IRS "completely"..... or they just end up become "jerked up" buyer's premium.
It's individual states not the IRS, right? Sales tax is not federal. But I am sure they comply with the law, would be really stupid to take that risk.
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