OT: Sales Tax when reselling tickets

CPA Exam Review CPA Exam Forum Welcome to the CPA Exam Forum OT: Off Topic OT: Sales Tax when reselling tickets

This topic contains 2 replies, has 3 voices, and was last updated by  Adam 2 months, 1 week ago.

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • #2156641

    kdawg22
    Participant

    Why don't resale ticket websites like Stub hub, Tick pick, Vivid seats, etc. charge sales tax when tickets are being sold?

    The sales tax requirements are different for each state, but I was wondering specifically about NY.
    New York State Tax Bulletin (ST-8) Admission Charges to a Place of Amusement states the following: “Examples of taxable admission charges include, but are not limited to, admissions charges to professional or college sporting events including: football, baseball, basketball, or hockey games.” When the tickets are posted on the resale website, there is not an option to charge sales tax on the sale of the ticket. For example, Stubhub and vivid seat charges the seller a fee to sell the tickets on its website but it doesn't have any charges for sales tax.

    Am I missing something here?

    Trust the Process

    FAR - 83 Wiley
    BEC - 68 Wiley, 74 (Wiley & NINJA), 79 (Wiley, NINJA, & Becker SIMS)
    AUD - 72 Wiley, 77 (Wiley & NINJA)
    REG - 88 Wiley & NINJA

     

    #2158366
    Recked
    Recked
    Participant

    Presumably StudHub etc are operating outside of NY state with no physical location.
    One day they'll be caught, similar to the Wayfair decision, but until that happens I think they are skirting the law.
    Also presumably the original sales tax was paid when the tickets were first issued, so then it also becomes a resale issue, but this does not change the sales tax implications.

    Memento Mori - Kingston NY CPA & EA (SUNY Albany 2002)

    FAR-93 11/9/17 (10wks, 250 hrs, Roger 1800+ MCQs, Gleim TB 600+MCQs, SIMs)
    AUD-88 12/7/17 (3 wks, 85 hrs, Roger 1000 MCQs no SIMs hail mary)
    REG-96 1/18/18 (6 wks, 110 hrs, 1400 MCQs, no SIMs)
    BEC-91 2/16/18 (4wks, 90 hrs, 1240 MCQs)

    #2158423

    Adam
    Participant

    Its included in the fees..

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.


Would You Hate It If I Gave You $162.12 Of Free CPA Review Material That Will Help You…

1) Study Less

2) Avoid Common CPA Candidate Mistakes

3) Get Higher Scores

4) Spend More Time with Friends and Family

5) Finally Pass and Get On With Your Life?