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#1
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In some states it's called a sales and/or use tax. If you can prove you
paid sales tax somewhere your covered. If you can't the state tells you what its worth. Get a reciept, even if for $50, $100, $200 so you can control the tax you pay. Lou |
#2
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What about sale/use tax on stuff purchased out of state from a private party
(not retail)? Most people don't pay sales tax on mail-order purchases from out of state, but an airplane will eventually be registered and the state might ask if sales tax had been paid. How does one get around that issue or minimize tax liability? |
#3
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Get a reciept, make it low along with a picture of the parts. This way
you will pay a tax but it will be for the parts cost not the value of the finshed plane. You may want to check with your state to see if they even have a use tax, or find a neighboring state that doesn't and register it there. No one said you had to register it where you live, just have it registered. |
#4
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"Lou" wrote in message
oups.com... No one said you had to register it where you live, just have it registered. Many states, including Washington, require in-state registration if the aircraft is within the state for more than thirty days. Anybody who depends on Usenet for accurate tax advice is . . . er . . . liable? Rich S. |
#5
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Let me rephrase that for you, "Anybody who depends
on Usenet for accurate tax advice without hiring a pro, is an idiot. |
#6
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![]() "Lou" wrote Let me rephrase that for you, "Anybody who depends on Usenet for accurate tax advice without hiring a pro, is an idiot. The point of this excersize is to gain knowledge from other people's experiences to be able to ask meaningful questions of the taxing authority. Nobody said anything about total reliance on usenet. |
#7
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My point exactly, get all the information you can but when it comes
time to make your desicion, contact a professional. It's worth the $60-70-80 to ask the question. |
#8
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![]() "reader" wrote in message . com... What about sale/use tax on stuff purchased out of state from a private party (not retail)? Most people don't pay sales tax on mail-order purchases from out of state, but an airplane will eventually be registered and the state might ask if sales tax had been paid. How does one get around that issue or minimize tax liability? In Illinois you had best have a receipt or bill of sale with the price on it. Otherwise they will pick an absurd "market value" and charge the "use tax" based on that. For an airplane you need the tax receipt to register the airplane and if you fail to register there is a hefty fine. They do not care where or from whom you purchased it. They want their tax! Highflyer Highflight Aviation Services Pinckneyville Airport ( PJY ) |
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