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09/16/2005 11:51:05 AM · #26 |
Just buy it from an out of state internet retailer and forget to mention it at tax time like everyone else.
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09/16/2005 11:52:15 AM · #27 |
Originally posted by thatcloudthere:
Originally posted by DottieD:
Just do it & keep mum! |
Yeah...also, if you go to your local grocery store you'd be surprised how often the cashier gets distracted while the cash register is open. Grab a few bills and you can upgrade! Just keep mum. |
Do you list ALL your internet purchases on your tax form?
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09/16/2005 11:52:27 AM · #28 |
Originally posted by louddog:
Just buy it from an out of state internet retailer and forget to mention it at tax time like everyone else. |
Have you read this whole thread. ;-)
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09/16/2005 11:54:03 AM · #29 |
by law - anything you buy out of state, under a different tax code, online, tax free or whatever - if your state has sales tax you are supposed to claim the home state tax amount you would have paid on those items had you bought them locally.
in vermont lots of people go to tax free new hampshire to buy things. by law you are supposed to claim the vermont sales tax on the total of those out of state purchases - there is a section on the state tax form where this can be filled in...
i don't understand people sometimes...
Message edited by author 2005-09-16 11:54:48.
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09/16/2005 11:54:46 AM · #30 |
Originally posted by bear_music:
While you're certainly correct in this statement (it's indeed a "sales and use tax" and you are indeed required by law to report the purchase and pay the tax) I can't help but wonder how many people actually DO that when they order stuff on the internet from out of state and no tax is charged to them? |
There is a separate section on the State of Michigan 1040 where you have to report out-of-state purchases on which you did not pay the 6% "Sales and Use Tax".
In previous years, there was a checkbox that basically said "I'm too lazy to find all the receipts, just charge me a flat rate based on how much my income was last year" (example: if your AGI was $50,000, you paid $23). That was usually a good way to go, especially if you bought a lot of stuff mail-order, and you stayed legal (if you got audited, they couldn't come after you for tax evasion).
But for the 2004 tax year, they changed the rules on marking the "flat rate" checkbox and added the clause that "if you bought anything over $1000, you must itemize". So I had to cough up the "use tax" on my 1D Mark II.
Message edited by author 2005-09-16 11:59:10. |
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09/16/2005 11:57:18 AM · #31 |
Originally posted by louddog:
Originally posted by thatcloudthere:
Originally posted by DottieD:
Just do it & keep mum! |
Yeah...also, if you go to your local grocery store you'd be surprised how often the cashier gets distracted while the cash register is open. Grab a few bills and you can upgrade! Just keep mum. |
Do you list ALL your internet purchases on your tax form? |
Anything that is purchased across the border automatically gets tax applied to it when it comes into Canada (even used items!)...so the work is already done for me!
Message edited by author 2005-09-16 11:59:09. |
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09/16/2005 12:10:42 PM · #32 |
Say I live as a student in Delaware (yeah I do) which is a state that doesn't have sales tax. If I buy something, as a PA resident, do I have to claim that even though I live in delaware 3/4 of the year? I don't know much about taxes, this is only the 2nd year i've had to even file.
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09/16/2005 12:13:42 PM · #33 |
than they should owe you money considering you wouldnt have had to pay tax in delaware :)
Originally posted by kyebosh:
Say I live as a student in Delaware (yeah I do) which is a state that doesn't have sales tax. If I buy something, as a PA resident, do I have to claim that even though I live in delaware 3/4 of the year? I don't know much about taxes, this is only the 2nd year i've had to even file. |
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09/16/2005 12:17:04 PM · #34 |
Originally posted by thatcloudthere:
Anything that is purchased across the border automatically gets tax applied to it when it comes into Canada (even used items!)...so the work is already done for me! |
Yeah, I know. Someone from Canada bought something from me on Ebay once and it was a pain in the @ss. Ended up shipping it to a friend of his in Detroit. I now state I won't ship outside of the US on my auctions, thank Canada for that :).
Would you though, if it wasn't done for you? I don't think many people do.
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09/16/2005 12:24:06 PM · #35 |
Originally posted by louddog:
Originally posted by thatcloudthere:
Anything that is purchased across the border automatically gets tax applied to it when it comes into Canada (even used items!)...so the work is already done for me! |
Would you though, if it wasn't done for you? I don't think many people do. |
I can't speak for anyone else, but I can assure you that I declare every single item when I cross the border and pay any taxes due.
Perhaps this stems from the fact that I am familiar with the rules regarding making a false declaration to a Customs Official, and the hefty price one has to pay for being forthright.
Better for me to pay the 15% tax than face the possibility of losing the item and paying a fine.
Ray |
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09/16/2005 12:25:07 PM · #36 |
Isn't there a limit? I can bring less than 300$ worth of gifts through customs without duties.. I can't buy something for personal use and bring it across state lines?
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09/16/2005 01:35:41 PM · #37 |
Man, how can you complain about that sort of measly tax? Buying shiny kit in the UK is like 25% more expensive because of our tax than it is in america.
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09/16/2005 03:28:19 PM · #38 |
Originally posted by riot:
Man, how can you complain about that sort of measly tax? Buying shiny kit in the UK is like 25% more expensive because of our tax than it is in america. |
But if you drop it on your foot, you won't go into bankruptcy paying the hospital bill. |
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09/16/2005 03:45:18 PM · #39 |
Originally posted by GeneralE:
Originally posted by riot:
Man, how can you complain about that sort of measly tax? Buying shiny kit in the UK is like 25% more expensive because of our tax than it is in america. |
But if you drop it on your foot, you won't go into bankruptcy paying the hospital bill. |
HAHAHAHAHA.................It is so funny cause it is true.
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09/16/2005 03:47:57 PM · #40 |
| I just comes down to your morals and ethics man. I'd give you a .0005% chance to have the IRS track you down. Do what you think is right. |
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09/16/2005 04:00:41 PM · #41 |
| Buying equipment in the UK is more expensive because companies have realised they can get away with an almost 1:1 conversion rate. |
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09/16/2005 04:31:19 PM · #42 |
Originally posted by GeneralE:
Originally posted by riot:
Man, how can you complain about that sort of measly tax? Buying shiny kit in the UK is like 25% more expensive because of our tax than it is in america. |
But if you drop it on your foot, you won't go into bankruptcy paying the hospital bill. |
Maybe, but in America we arent subjected to National Health, so there is a chance to get your foot fixed properly and timely |
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