View Single Post
  #35  
Old 05-08-2012, 04:44 AM
buymycards's Avatar
buymycards buymycards is offline
Rick McQuillan
Member
 
Join Date: May 2009
Location: Wisconsin
Posts: 3,178
Default Use tax

Wisconsin is really cracking down on the Use tax. If you use a tax preparer for your income tax they are now quizzing you with several questions about items that were purchased out of state. This year I ended up filing an amended return for the previous year in order to report some out of state purchases.

So now when I am bidding on ebay, B&L, or any other auction site, I factor in the 5.5% use tax, unless I am purchasing something to flip to a dealer. I then need to keep track of these purchases and report them during tax time. My experience with the Wisconsin Department of Revenue is that they are very aggressive and thorough, so I need to be prepared and proactive in order to avoid any problems.

Rick
__________________
Rick McQuillan


T213-2 139 down 46 to go.
Reply With Quote