Nontaxable vs Exempt There is a difference

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=mnOEb9w00Xc

There can be confusions surrounding the terms, nontaxable and exempt. This video clearly explains the difference between the two. • Visit the TTR online tax matrix at http://www.ttrus.com. • TTR is Easy, Complete, Fast, Accurate, Researched, Current, Quick, Smart, and Supported. • Watch this video in HD for best results. • TTR - We Make It Simple. • Copyright (C) 2014 TTR, Inc. All Rights Reserved. • ------------------------ • There’s a difference between the terms, non-taxable and exempt. • Let’s take a look. • Sales tax is due, when the sale happens. • If there is no sale, then it is not taxed, or, non taxable. • In other words, if a sale never happened, there can be no sales tax. • Exempt means something might have been taxable, but the state has made an exception. • This exception is called an exemption. • For example, take the sale of food. • By law, all sales are taxed, yet the state decides not to tax food. • The state makes an exception to this rule - a new law, making the sale of food exempt. • Nontaxable: no sale happened, no tax is due. • Exempt: a sale did happen, with an exception, and again, no tax is due. • TTR – we make it simple.

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