I'm the controller for a medical device company in Ithaca, New York. We made a mistake on the sales tax return we filed. How do we amend the return?

ANSWER

The BIDaWIZ Team's Answer:

It is important to first note that sales of medical devices can be exempt from sales tax in New York. Generally, this is the case when the purchaser is an approved sales tax exempt organization. However, sales of medical equipment and supplies are not exempt from sales tax when purchased for use in providing medical services for compensation. For instance, physicians, hospitals, clinical laboratories, and ambulance companies typically use the equipment to generate income and care for their patients.

If your organization made a mistake on a previously filed sales tax return, it can be amended online or with a paper sales tax return.

References: Tax Law New York 1115(a)(3) and section 528.4(e) of the Sales and Use Tax Regulations
State: New York
Sales tax category: Product taxability, Tax Compliance
Product/Service: Medical Devices