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Thread: Tax Day Cometh

  1. #26
    Registered User mbruno's Avatar
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    Default Re: Tax Day Cometh

    When I've bought my mandolins from an out of state retailer (AZ and TN) I've had them ship it back for me rather than take it with me right then and there. I'm not sure why, but doing it that way I wasn't required to pay sales tax on the purchase.

    If you did take it home, then as I understand it you should have paid sales tax at the retailer - so you shouldn't have to worry about it on tax day really.

    I'm not a tax advisor etc - so feel free to research more - but this is what the retailers suggested I do and I haven't had an issue personally.
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  2. #27
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    Default Re: Tax Day Cometh

    My understanding is that there are sales dollar thresholds for a business selling to other states. If it's a small shop, they may not be required to comply. Apparently, it's different per state. https://www.salestaxinstitute.com/re...er-nexus-chart
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  3. #28

    Default Re: Tax Day Cometh

    Quote Originally Posted by tjmangum View Post
    My understanding is that there are sales dollar thresholds for a business selling to other states. If it's a small shop, they may not be required to comply. Apparently, it's different per state. https://www.salestaxinstitute.com/re...er-nexus-chart
    Each state's legal threshold might be different, but that doesn't necessarily mean the vendors are using those in their decision whether to tax sales. I'd guess some may simply decide, i.e., once they have to collect tax for even one out-of-state purchase, to do that for any state that assesses sales tax. I'm sure it keeps their accounting simpler, and avoids any chance of getting caught in some situation where they have to pay back taxes if a state retroactively changes the nexus definition, as did happen with California after the Wayfair decision.
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  4. #29
    Registered User John Bertotti's Avatar
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    Default Re: Tax Day Cometh

    It seems there is a new law starting next year. Don't quote me on this but as I am recalling I think it says places like ebay and reverb will now be taxed for any sales of 600$ over the year. Now how accurate is that? Internet is full of garbage but this was being discussed elsewhere by guys and gals selling online.
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  5. #30

    Default Re: Tax Day Cometh

    Quote Originally Posted by John Bertotti View Post
    It seems there is a new law starting next year. Don't quote me on this but as I am recalling I think it says places like ebay and reverb will now be taxed for any sales of 600$ over the year. Now how accurate is that? Internet is full of garbage but this was being discussed elsewhere by guys and gals selling online.
    I think the issue here is that they will report your sales (income) activity to the IRS over a certain level.
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  7. #31

    Default Re: Tax Day Cometh

    Page 36 of the official transcript of the oral argument in the Supreme Court of the United States in the Wayfair case reflects that Justice Breyer asked Wayfair’s counsel the following question: “I mean, one part of the answer to that in my mind or, not an answer, but help resolve it, is what does it cost for a mandolin seller who sells mandolins on the Internet to sell them in 50 states? How much does it cost him to enter that market?” I wonder what inspired Justice Breyer to choose that particular hypothetical.

  8. #32
    Professional Dreamer journeybear's Avatar
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    Default Re: Tax Day Cometh

    Quote Originally Posted by Andy B View Post
    I wonder what inspired Justice Breyer to choose that particular hypothetical.
    If I had PhotoShop, this is where I would post an image I'd whipped up of Justice Breyer playing a mandolin, in his robe, of course.

    I see this has all come up before, and no one could find actual proof of his mandolinning. ...
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