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<p>[QUOTE="medoraman, post: 1640839, member: 26302"]No resale whatsover, neither was there any capital equipment. Its not apples and oranges sir. These were simple expenses paid by the company, (the largest mortgage firm in the US), and we had to go through every cent to see if sales tax was already paid, if not we had to either prove why no use tax was due, or pay use tax on the transaction.</p><p><br /></p><p>The EXACT SAME laws that we were following for this firm applies to EVERYONE, not just businesses. Large businesses are just bigger targets, so are more likely to be audited. However, there have strings of cases in NYC where people have been sentenced to jail for not paying use tax on artwork they purchased and brought into NY. In NY, art is a taxable purchase, and its a big enough dollar value its worth it to chase down.</p><p><br /></p><p>However, what is stopping a state from getting someone's Paypal statement of $5,000, see they did not report Use tax, and sending that person a bill for $5000 worth of taxable purchases? Then the taxpayer would have to prove WHY they don't owe the tax. Its coming, they are not getting these records for nothing.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1640839, member: 26302"]No resale whatsover, neither was there any capital equipment. Its not apples and oranges sir. These were simple expenses paid by the company, (the largest mortgage firm in the US), and we had to go through every cent to see if sales tax was already paid, if not we had to either prove why no use tax was due, or pay use tax on the transaction. The EXACT SAME laws that we were following for this firm applies to EVERYONE, not just businesses. Large businesses are just bigger targets, so are more likely to be audited. However, there have strings of cases in NYC where people have been sentenced to jail for not paying use tax on artwork they purchased and brought into NY. In NY, art is a taxable purchase, and its a big enough dollar value its worth it to chase down. However, what is stopping a state from getting someone's Paypal statement of $5,000, see they did not report Use tax, and sending that person a bill for $5000 worth of taxable purchases? Then the taxpayer would have to prove WHY they don't owe the tax. Its coming, they are not getting these records for nothing.[/QUOTE]
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