FAQ: Tobacco Tax
We at Tobacco Tax Refund, Inc. understand that laws and regulations regarding
tobacco tax and refunds can be complicated. You probably have a lot of
questions about what your business needs to do to comply with the law.
We have posted some answers to important questions regarding tobacco tax
matters below. If you have a question that was not answered below, just
call us at (888) 918-4690 and we'll gladly answer them.
What is a tobacco tax?
In its most general sense, if an item is a tobacco product, as defined
by federal law, then it is taxable when it is imported or produced in
the United States. The manufacturer or importer likely owes the federal
government tax upon manufacturing or importing the tobacco into the country.
Similarly, the first company to manufacture or import a tobacco product,
as defined by state law, is required to pay wholesale tobacco tax to its
respective state. All cigarettes and tobacco products sold in the United
States are taxed. Many states asses their own tax rates for each type
of tobacco product. Businesses engaged in the sale, distribution, or manufacturer
of tobacco products must pay both state and federal taxes on these products.
Am I entitled to a refund?
To find out whether you may be due for a refund, contact our tax professionals.
We can review your tax returns to see whether there were any errors in
your tax returns or whether any new laws have changed which may enable
you to receive a refund. All you have to do is provide us with your returns
and the information used to prepare the returns, and we do the rest. However,
it is important to remember – if you don’t act timely YOU
COULD LOSE YOUR RIGHT TO A REFUND. States have strict statute of limitations
that limit the time in which you can apply for a refund.
I am facing a tobacco audit. What can I do?
If you are
facing an audit, it is important that you consult a professional about your case. Depending
on the state, businesses can be audited systematically as a routine while
some are conducted at random. During an audit, it is important that you
learn your rights, including whether you need to hand over your bookkeeping
records and what paperwork you must sign. Our team at Tobacco Tax Refund,
Inc. can guide you through the auditing process to make sure your business
interests are not compromised.
What types of businesses do you represent?
We represent businesses of all sizes all across the United States. From
small local stores to global, publically traded companies, you are welcome
to contact us if you need help with a tobacco tax law issue.
Why should I choose Tobacco Tax Refund, Inc. to represent my business?
Not every tax professional is equipped to handle tobacco tax matters.
We offer a unique tax service that requires specialized knowledge of tax
and accounting matters. Our tax professionals have over 50 years of collective
experience in both the legal and accounting fields. We are tax professionals,
attorneys, and CPAs who all have in-depth and hands-on experience in tobacco tax laws.
If you have a question or if you would like to discuss your case, just
give us a call
at (888) 918-4690.