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COMPARABLE SALES ANALYSIS FORM State of New Jersey Nj

COMPARABLE SALES ANALYSIS FORM State of New Jersey Nj

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Tips to filing your New Jersey Sales Tax return. Most businesses that collect Sales Tax file Form ST-50 quarterly. If you have the right information you can file online in only a few minutes! Before we get started, make sure you have your business identification number, business name or PIN, and most importantly, your sales records. Gross receipts means everything you sold in this quarter, including taxable and exempt items or services, but not including Sales Tax. Report this on Line 1. Next, total all your receipts that aren't subject to tax like clothing or items shipped out of state. Enter that number on Line 2. Enter the amount of Sales Tax you actually collected from your customers in the quarter on Line 5. After that, report any use tax. If you purchased items out of state for business use or used any taxable items from your inventory, you may owe the amount of Sales Tax that should've been collected on those items here. If you pay Sales Tax monthly or you sent us payments ahea

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