Indiana Certification of No Information Reporting on Sale or Exchange of Principal Residence - Tax Exemption

State:
Multi-State
Control #:
US-04048
Format:
Word; 
Rich Text
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Description

Cetification of No Information Reporting on Sale or Exchange of Principal Residence - Tax Exemption: This Certification is necessary to determine whether the sale or exchange should be reported to the Seller, and to the Internal Revenue Service on Form 1099-S, Proceeds from Real Estate Transactions. If a residence has more than one Owner, each Seller must sign the Certification. This form is available in both Word and Rich Text formats.
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FAQ

Not everyone receives a 1099-S form when selling a home. Usually, this form is issued only if the transaction meets specific reporting thresholds. If you qualify for the Indiana Certification of No Information Reporting on Sale or Exchange of Principal Residence - Tax Exemption, you might not receive this form at all, simplifying the process for you.

The WH-1 is the Indiana Withholding Tax Form and is required for any business that is withholding taxes from its employees. When completed correctly, this form ensures that a business's withholding taxes by county are reported accurately and timely.

The WH-3 (Annual Withholding Reconciliation Form) is a reconciliation form for the amount of state and county income taxes withheld throughout the year. All employers must file the WH-3 by January 31 each year.

To get a resale certificate in Indiana, you will need to fill out the Indiana General Sales Tax Exemption Certificate (ST-105). How often should this certificate be renewed? It appears that a blanket certificate in Indiana does not expire.

How long is my Indiana sales tax exemption certificate good for? These exemption certificates do not expire.

DO I NEED A RESALE CERTIFICATE IN INDIANA? If your business is a retail or wholesale operation that does not want to be responsible for collecting sales tax on resold items and does not want to have any exposure to any future tax liability, then an Indiana resale certificate will be required.

Of the 11 states, all but two (Alabama and Indiana) exempt entities for five year periods. Alabama and Indiana require an annual update to maintain exemption. Most states do not require a renewal application, but entities must keep officer, address, and other entity information up to date.

Qualifying for sales tax exemption requires the completion and filing of an application form prescribed by the Indiana Department of Revenue. The taxpayer Identification Number (TID) above must be provided to the retailer if purchases are to be exempt from sales tax.

Indiana does not require registration with the state for a resale certificate. How can you get a resale certificate in Indiana? To get a resale certificate in Indiana, you will need to fill out the Indiana General Sales Tax Exemption Certificate (ST-105).

Form WH-18 Miscellaneous Withholding Tax Statement for Nonresidents.

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Indiana Certification of No Information Reporting on Sale or Exchange of Principal Residence - Tax Exemption