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Heritage tax on coins in Ohio - very disappointing
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<p>[QUOTE="NPCoin, post: 3260816, member: 5629"]LakeEffect gave you good links there regarding the tax situation. Go further down to <a href="http://codes.ohio.gov/orc/5739.104v1" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://codes.ohio.gov/orc/5739.104v1" rel="nofollow">5739.104 Refunds</a>.</p><p><br /></p><p>Let the State make the determination. They may rule Heritage collected an "illegal or erroneous assessment". If so, you should also receive State mandated interest on the paid tax. You need to make sure you have all documentation together to support your claim (including anything that verifies the metal content of the purchased coins).</p><p><br /></p><p>You will need to fill out and send the State the <a href="https://www.tax.ohio.gov/portals/0/forms/sales_and_use/Generic/ST_STAR.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.tax.ohio.gov/portals/0/forms/sales_and_use/Generic/ST_STAR.pdf" rel="nofollow">refund form</a> along with your <b>documentation</b>. Your documentation should include a professional assessment of the coins you purchased to show they are at least 50%+1 precious metal content.</p><p><br /></p><p>The Ohio law was passed by those representing you in legislation and approved by your governor. There is no reason why you, as a citizen of Ohio, should not reap the benefits thereof. That is, if your purchase truly does qualify under the law as intended.[/QUOTE]</p><p><br /></p>
[QUOTE="NPCoin, post: 3260816, member: 5629"]LakeEffect gave you good links there regarding the tax situation. Go further down to [URL='http://codes.ohio.gov/orc/5739.104v1']5739.104 Refunds[/URL]. Let the State make the determination. They may rule Heritage collected an "illegal or erroneous assessment". If so, you should also receive State mandated interest on the paid tax. You need to make sure you have all documentation together to support your claim (including anything that verifies the metal content of the purchased coins). You will need to fill out and send the State the [URL='https://www.tax.ohio.gov/portals/0/forms/sales_and_use/Generic/ST_STAR.pdf']refund form[/URL] along with your [B]documentation[/B]. Your documentation should include a professional assessment of the coins you purchased to show they are at least 50%+1 precious metal content. The Ohio law was passed by those representing you in legislation and approved by your governor. There is no reason why you, as a citizen of Ohio, should not reap the benefits thereof. That is, if your purchase truly does qualify under the law as intended.[/QUOTE]
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Heritage tax on coins in Ohio - very disappointing
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