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Sales Tax
My tax person is asking if sales tax is included in total sales. Is this accurate?
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My tax person is asking if sales tax is included in total sales. Is this accurate?
lady_madonna
Mentor1 year ago@ncdcpickers
Form 1099-K is an IRS information return that includes the gross amount of all reportable payments within a calendar year. This amount does not include any adjustments, for example, credits, discounts, fees, refunds, or any other adjustable amounts. However, sales tax and canceled transactions are excluded from the gross amount reported.