Home Business Defer Up to $50,000 of Sales Tax for 12 Months ~ Interest Free

Defer Up to $50,000 of Sales Tax for 12 Months ~ Interest Free

by DealerXT

As you know, DealerXT is always looking for opportunities to benefit our dealers. We wanted to let you know first:

CALIFORNIA WILL ALLOW DEALERS TO DEFER THEIR SALES TAX

This is an excellent opportunity for our dealers during these temporarily difficult times caused by COVID-19.

There are two major benefits to the deferral:
• First Quarter filings and tax payments will be automatically extended to July 31, 2020
• Dealers can request up to $50,000 to be deferred for up to 12 months, interest free!

This is essentially an additional $50k interest-free loan from the state government.

Please contact us if you have any questions regarding the sales tax referral.

DealerXT is not a law firm or lawyer referral service and cannot provide any advice or opinion about your legal rights. The information found on DealerXT.com is intended for general informational purposes only and should be used only as a starting point for addressing your legal issues. The information is not the provision of legal services, and accessing such information, or corresponding with or asking questions, or otherwise using the Services, does not create an attorney-client relationship between you and DealerXT, or you and any lawyer. It is not a substitute for an in-person or telephonic consultation with a lawyer licensed to practice in your jurisdiction about your specific legal issue, and you should not rely on such Legal Information. You understand that questions and answers or other postings to the Services are not confidential and are not subject to attorney-client privilege. © 2020

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