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#2
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On 8 Aug 2004 20:01:32 -0700, wrote:
Ok, so I just finished building a plane from parts (didn't buy a kit) and I get it certified and then comes a nifty letter from the Idaho State Tax Commission wanting to know how much I paid for the plane so they can tax me. How do I convince them that this plane has been in progress since 1994 and I don't have any receipts but that a lot of the items used to build the plane have already had sales tax paid on them? Get a tax attorney, or at least a registered tax consultant. It will be worth the money and save you a lot of hassle in the long run. That and they know the laws of your state. Roger Halstead (K8RI & ARRL life member) (N833R, S# CD-2 Worlds oldest Debonair) www.rogerhalstead.com I'm worried that if I explain how the aircraft was built that they will think I'm trying to pull a fast one or something and then really come after me. When I registered the plane I did register it as being built from parts and didn't have to include a bill of sale or anything. I suppose I could include that in my explanation letter. Any other way to go about it? Thanks for your advice. Harry |
#3
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"Roger Halstead" wrote:
Get a tax attorney, or at least a registered tax consultant. It will be worth the money and save you a lot of hassle in the long run. That and they know the laws of your state. Hey, I'm in the tax business, and I'll take fees for as many hours of research a client can tolerate. These are real oddball taxes and 99.99% of tax practitioners will be clueless "off the top of the head." From stories told me in our State, they just want a reasonable-looking number and then they go away. For many scratch-built homebuilts, the Dow Jones avg for the day may look good. Fred F. |
#4
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On Mon, 9 Aug 2004 11:50:01 -0400, "TaxSrv"
wrote: "Roger Halstead" wrote: Get a tax attorney, or at least a registered tax consultant. It will be worth the money and save you a lot of hassle in the long run. That and they know the laws of your state. Hey, I'm in the tax business, and I'll take fees for as many hours of research a client can tolerate. These are real oddball taxes and 99.99% of tax practitioners will be clueless "off the top of the head." From stories told me in our State, they just want a reasonable-looking number and then they go away. For many scratch-built homebuilts, the Dow Jones avg for the day may look good. Fred F. That was my experience here in Washington State... we agreed on a figure he was happy with and I could live with. John |
#5
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"Jacob Jaks" wrote:
I had the same thing happen here in Florida. I had to send a letter to the County Tax Collector stating that I had purchased all of the parts individually, and that sales taxes were paid at the time of those purchases. He was fine with that. Jake. Just so that statement is true. States can have laws like the feds regarding unsworn, false statements to enforcement people. What they used to call a "thousand and one charge" may now be known as the "Martha Stewart charge." I know a guy who told State in writing that a $25K aircraft he bought was "$500 salvage value only - damaged aircraft." They accepted it, but not a good idea. Since state of purchase was asking, not state of residence, he thought they couldn't do anything. Not always true, and they could even theoretically take it to the feds to see if they 'd like a mail fraud case. Fred F. |
#6
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On Mon, 9 Aug 2004 11:50:01 -0400, "TaxSrv" wrote:
"Roger Halstead" wrote: Get a tax attorney, or at least a registered tax consultant. It will be worth the money and save you a lot of hassle in the long run. That and they know the laws of your state. Hey, I'm in the tax business, and I'll take fees for as many hours of research a client can tolerate. These are real oddball taxes and 99.99% of tax practitioners will be clueless "off the top of the head." From stories told me in our State, they just want a reasonable-looking number and then they go away. For many scratch-built homebuilts, the Dow Jones avg for the day may look good. In my case (State of Michigan) I have to pay sales tax when I register the plane. This can get really confusing IF you apply for an N# through the feds now and register the plane in 10 years. Roger Halstead (K8RI & ARRL life member) (N833R, S# CD-2 Worlds oldest Debonair) www.rogerhalstead.com Fred F. |
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