When a seller of a product makes a sale to an end user of a product, the seller is responsible for collecting sales taxes on behalf of several taxing jurisdictions. This video is just one portion of one of the 25 lessons in the video course “Boot Camp: Steps to Owning Your Busines” that describe how sales taxes and use taxes work together and what taxes the seller is responsible for collecting.
ALERT: COLORADO SALES TAX UPDATE
Effective December 1st, 2018 Colorado retailers are expected to collect sales taxes from all Colorado Taxing jurisdictions, not just those they have in common.
Here is a LINK to a Webinar from the Colorado Department of Revenue that explains the new tax collection procedure.
Also here is the link the updated DR-1002 that includes the tax rates for all Colorado taxing jurisdictions.
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