Blog Posts in Florida Automotive Industry

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  • FLORIDA SALES TAX: LEASED CARS
    FLORIDA SALES TAX: LEASED CARS

    It is important for dealers to understand the Florida sales tax treatment of leased vehicles. The failure to do so could result in a devastating assessment down the line. Generally, when a car is ...

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  • FLORIDA SALES & USE TAX APPORTIONMENT HANDBOOK
    FLORIDA SALES & USE TAX APPORTIONMENT HANDBOOK

    Most sales or uses occurring in Florida are taxed at the full Florida state sales and use tax rate plus any applicable local surtax rate. However, there are certain exceptions to this rule. One ...

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  • FL Sales Tax: Leased Property Converted to the Owner’s Use
    FL Sales Tax: Leased Property Converted to the Owner’s Use

    It is a generally settled principle that items purchased for lease to a business’s customers allows the business to purchase those items tax free. Slightly less well known is the provision in section ...

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  • FL Used Car Dealers - OFR is Looking At Your Installment Sales
    FL Used Car Dealers - OFR is Looking At Your Installment Sales

    If you or your client is a used car dealer, then you likely have been exposed to or at least worried about a sales tax audit by the Florida Department of Revenue. If that wasn’t bad enough, you now ...

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  • FL SALES TAX 10% PENALTY FOR LATE FILING
    FL SALES TAX 10% PENALTY FOR LATE FILING

    If you are registered with the Florida Department of Revenue (“Department”) for sales and use tax purposes, you most likely have a requirement to file a Sales and Use Tax Return, Form DR-15. ...

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  • Florida Notice of Final Assessment (NOFA) | FL Dept. of Revenue
    Florida Notice of Final Assessment (NOFA) | FL Dept. of Revenue

    The Florida Department of Revenue (FDOR) loves to send out mailings to taxpayers. In many cases, the FDOR’s computer system sends out the “good” news automatically when there is an amount that is due. ...

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