Lexicon 1
This is a copy of the return or payment made to the state. These are generally in PDF format.
What is Artifact
A tax benefit that offsets tax liabilities is known as?
What is Tax Credit
An entity that agrees to purchase goods, services or assets is known as?
What is a Buyer
When a seller passes a certain threshold in a state, what occurs?
What is Nexus
Someone who owes sales tax in a state but is not based there is known as what?
What is Use Tax.
This is a percentage of the sales price on any product, good or service that is taxable.
What is Sales Tax
a business or organization that contracts with third parties to sell goods and services on its platform and facilitates retail sales is known as what?
what is a marketplace facilitator
This determines how much sales tax is charged (or collected) on a transaction.
What is Calculations
States who participate in blank, encourage sellers to register in their state.
What is Streamlined Sales Tax or SST?
What generally refers to the process of obtaining a sales tax permit or license, which allows a seller to legally collect and remit sales and use tax in a state?
What is a Registration
These are built and supported by other businesses or companies.
What are Third-party Integrations
This refers to the amount of sales tax collected from buyers to be remitted to the state.
What is Collection
This is automated filing service prepares and submits User's returns for each state they select to enroll in this service.
What is AutoFile
Who processes returns that cannot be completed by Rosie?
Who is a filer/human.
I am the automated robot who files between 55 and 60 percent of returns in any given month.
Who is Rosie!
These are additional returns required by certain states to true up, or summarize sales from the previous year.
What is Annual Reconciliation