Taxation Features For Accounts without SuiteTax

NetSuite provides the capability to calculate U.S. sales taxes for multiple jurisdictions. NetSuite also provides the Form 1099 and 1096 reports required by the U.S. Internal Revenue Service from companies that hire individuals who provide services.

To begin using tax features in NetSuite, do the following:

• Set your tax preferences. For information, see Setting U.S. Tax Preferences.

• Set up tax codes. For information, see Creating Tax Codes - U.S. Nexus.

• Understand how tax is applied to a transaction.

  For more information, read the following topics:

  • Creating a Tax Group (United States)

  • Importing the State Sales Tax Table

  • Enabling U.S. Tax Lookup

  • Taxing Previous-Year Sales with State Tax Codes - U.S. Edition

  • Applying Sales Tax to Discount Items (U.S. and Canada)

  • Discount Methods (U.S. and Canada)

• Understand how to use the available tax reports for the U.S. For information, see U.S. Tax Reports.

• Understand how to pay tax liabilities. For information, see Paying Sales Tax - United States.

Related Topics

• Tax Accounting Overview
• Managing Tax Codes
• Advanced Taxes

General Notices