"D. Stussy" <kd6lvw[at]bde-arc.ampr.org> wrote:
- quote -

I think NJ has had that line on their income tax returns for
years. How many people actually use it is another matter
altogether.

I would also be concerned about the statute of limitations
when reporting (sales or) use tax on an income tax return.
If one were to file a sales tax return and pay use tax, at
least you know the statute of limitaitions starts to toll.
But I just don't know the ramifications of it when reporting
use tax on an income tax return.

--
<<< Benjamin Yazersky CPA [NJ & NY] > >
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Don Priebe wrote:

- quote -

So much for "the Tax Reform Act of 1986" and the elimination
of sales tax as deductible! What good was that if the "good
old sales tax tables" are simply going to resurface anyway!
:-)

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Phoebe Roberts, EA wrote:
- quote -

Very very few of my clients buy stuff off the internet;
heck, very few even have a computer. However they do shop
across the river in Georgia, but since they pay the same
percentage there, the credit just wipes out our tax.

First year we had that line on the return, at a seminar in
December just prior to January, someone asked the Dept of
Rev representative "Do y'all really expect for people to
fill in that line?" His reply was simple. "Well.....
maybe not, but even if we get 4$ out of, we're 4$ ahead.
Which proved prophetic. Maybe if more people had 'fessed up
the governor wouldn't have had to go to the people for
permission to raise the income tax. That didn't work,
either.

Christmas Cheer$,
Harlan Lunsford, EA n LA

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"Don Priebe" <priebe[at]iname.com> wrote:

- quote -

California has added a line to the 2003 return for use tax
reporting as well. Unlike most other states, the California
law makes reporting on the income tax return an election.
Failure to elect to report the use tax on the income tax
return implies an election to file a consumer use tax return
and pay the tax that way, but it does seem to relieve the
burden on the preparer somewhat.

Katie in San Diego

The foregoing is intended for educational purposes only and
does not constitute legal or professional advice.

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- quote -

You are correct.

--
Don EA in Upstate NY

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"Don Priebe" <priebe[at]iname.com> wrote:

- quote -

Well, actually, as I understand it, IF you use the table,
you need NOT adjust it for the local rates. The tables
based on AGI apply to all purchases of less than $1,000.
The tax on larger purchases need to be itemized and added to
the table amount. If you are itemizing purchases you DO
have to use the local tax rates.

--
Bruce E. Cobern, CPA
mailto:bec[at]pipeline.com

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Don Priebe wrote:

- quote -

Oklahoma has several "I didn't keep records" alternatives,
one of which is a flat % of AGI, and one of which is "I
think I owe this much." I think it's great they're finally
collecting the tax, even though it's going to take us a bit
more time to explain the concept and ask the client what
they want to do. Our organizer will have a use tax sheet,
but not everyone fills stuff out.

Phoebe

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New York has now included a line on its income tax form for
reporting the sales or use tax due on purchases made from
out of state vendors. In case you haven't kept exact
records of how much you purchased from QVC or amazon.com,
there's a handy table of "typical" amounts by Federal AGI.
Be sure to add in those pesky county sales taxes also.

--
Don EA in Upstate NY

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