Occasional Sale Form PDF Details

When individuals or businesses in Texas engage in infrequent sales transactions that are not part of their regular, ongoing business activities, they might be eligible to participate in what's termed an "occasional sale.” This concept is crucial to understanding how sales tax is applied in certain situations, thereby potentially exempting the seller from collecting and remitting sales tax on the transaction. The Occasional Sale form, designated as 01-917 by the Texas Comptroller of Public Accounts, plays a pivotal role in this process. This form is a declaration by the seller that their sale qualifies as an occasional sale under the specific criteria set forth by the state law, detailed in the Limited Sales and Use Tax Rule 3.316. By completing this form, sellers provide key information about their sale, including a description of the item sold, the date of the sale, the buyer's information, and the sales price. Moreover, the form requires sellers to assert their eligibility by confirming that they do not hold a sales tax permit and have not engaged in more than one other taxable sale within the last twelve months, among other criteria. It’s a tool that not only helps in ensuring compliance with state tax regulations but also aids in the proper administration of tax laws to support fair business practices within Texas. The acknowledgment and certifications made on this form carry significant legal implications, including potential liability for taxes if information is later found to be incorrect, emphasizing the importance of accuracy and honesty in its completion.

QuestionAnswer
Form NameOccasional Sale Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namessale have occasional form, texas occasional, statement of occasional sale texas, texas occasional sale exemption form

Form Preview Example

01-917 (Rev.3-06/2)

STATEMENT OF OCCASIONAL SALE

Entity name (Corporation, partnership or sole proprietorship)

Mailing address

City

State

ZIP code

Daytime phone (Area code and number)

Provide a brief description of your business activities

I have read the State of Texas, Comptroller of Public Accounts, Limited Sales and Use Tax Rule 3.316 regarding

Occasional Sales (34 Texas Administrative Code §3.316), and I hereby acknowledge that the following sale I made

qualifies as an occasional sale:

Description of item sold (include year, model, serial numbers, etc.):

Date item sold

Item sold to: (Name)

Address

Sales price of item

Check the box below that applies to you:

This was a transfer without change in ownership. My percentage of ownership prior to transfer was _______ %;

my percentage of ownership after transfer was ________ %.

I certify that I do not hold a sales tax permit in Texas or any other state and I have not made a sale of more than one other taxable item within the previous twelve months.

I certify that I sold the entire operating assets of (1) a whole business or (2) a separate division, branch, or identifiable segment of a business with attributable income and expenses that can be separately established from the books of account or records of the business.

I understand that if any information provided here is later found to be incorrect, I may be held liable for collection of sales or use tax on the above item.

Print name

Title

Signature

Date

You have certain rights under Chapters 552 and 559, Government Code, to review, request, and correct information we have on file about you.

For more information contact the Texas State Comptroller’s office.

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With regards to the blanks of this particular form, here's what you should consider:

1. While filling out the texas information occasional, make sure to complete all of the important fields within its corresponding part. It will help expedite the process, enabling your details to be processed swiftly and appropriately.

Step # 1 for completing texas occasional sale

2. Your next stage is to fill out these fields: Date item sold, Item sold to Name, Address, Sales price of item, Check the box below that applies, This was a transfer without change, I certify that I do not hold a, I certify that I sold the entire, I understand that if any, Print name, and Title.

Print name, I certify that I do not hold a, and Date item sold of texas occasional sale

3. The following portion is mostly about Signature, Date, You have certain rights under, and For more information contact the - fill out all these empty form fields.

How one can fill out texas occasional sale part 3

Be very mindful when filling out Date and You have certain rights under, because this is the section where many people make mistakes.

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