Which State Reports Reflect Prior Period Refunds?
TaxJar Reports currently support deducting refunds, returns and discounts from the gross sales total in the filing period when the refund actually took place for these states:
The Reports for these states reflect prior period refunds which effectively reduces the sales total for that period, which would also reduce the amount of taxes owed during the time frame as well.
- These automatically show up in your account as part of your Actual Sales Tax Collected and Expected Sales Tax Due Reporting for the listed States above, and are listed on your Transactions tab.
- In Iowa and New Jersey*, the states want refunds to be reported as exemptions/deductions.
- In those Reports, the refunds that took place during the filing period will be displayed in the Report as exemptions/deductions for that period, even if the original sale was in a prior filing period.
- You sold a pasta maker for $100 + sales tax in August, then filed your August sales tax return. A few days later, your customer returned the item and you issued a refund of the sale price plus sales tax.
- The sales tax refund will show up as a negative amount in your current period TaxJar State Report, but the state won't allow you to file a negative amount on your return.