Now shipping....


http://fatboygear.net

Hey fellow studio people. Just wanted to call to everyones attention about the state law that makes you pay sales tax on any out of state purchases where no sales tax was charged. I order a lot of gear online and found out the hard way that I have to pay sales tax on all of it (OUCH!) I was audited by the state and was ordered to pay all sales tax on these items since 2005 (OUCH..OUCH). So dont think that getting something online is cheaper because of saving sales tax...The tax man lurketh. I am a commercial studio business, so I'm not sure if this applies to the home studios, but just wanted to let everyone know what happened to me.

Tags: buying, equipment, online

Views: 5

Reply to This

Replies to This Discussion

I seem to remember way back when I worked at Sam Ash in NY I heard about a deal where the store would have to turn over it's records of out of state sales or cough up the sales tax themselves. I know they resisted but once a court order came about, I'm pretty sure they handed over the records - to keep out of trouble let me say that this is just hearsay from over 20 years ago and I don't remember who I overheard saying any of this...
I found out today that even used items purchased from an individual on EBAY is taxable. Doesn't even have to be a new item from a store! However, yard sale items seem to be exempt.
John, If YOU have a yard sale...CALL ME! LOL
FYI - from http://tennessee.gov/revenue/tntaxes/salesanduse.htm

State sales and use tax - Sales tax is imposed on all retail sales, leases and rentals of most goods, as well as taxable services

Tennessee cities and counties have the option of imposing an additional local option sales tax.

Use Tax - The use tax is the counterpart to the sales tax. It is applied when merchandise (tangible personal property) is purchased from outside the state of Tennessee and imported into the state for use or consumption. The 45 states that impose a sales tax also levy a use tax

RSS

Latest Activity

Profile IconMike Barnes and M.Gantt Kees Jr. joined Nashville Music Pros
yesterday
John Heinrich posted a status
"Playing Billy Bob's in Froth Worth, Texas with Ronnie Milsap, here we are in Sound check!"
Sunday
John Heinrich posted a photo
Sunday
Terry Watson updated their profile
Jul 24
Scott Pope updated their profile
Jul 21
Scott Pope posted photos
Jul 21
Larry Sherdian posted a status
"Who can fix my KM184's?"
Jul 21
Jim Moran and John Heinrich are now friends
Jul 20
Profile IconBarry Gordon, David Kiggins, Joseph Nicoletti and 3 more joined Nashville Music Pros
Jul 19
John Heinrich posted a photo
Jul 16
Burnice Bloosemgame joined Bret Teegarden's group
Jul 11
Joe Reed updated their profile
Jul 10
Jim Colyer posted a photo
Jul 9
Jim Colyer shared a profile on Twitter
Jul 9
Jim Colyer posted a status
"Annie B recorded "Put Me On The Spot!"... Jim Colyer"
Jul 9
Jim Colyer posted a song

 play PUT ME ON THE SPOT! - Annie B

02:41
Jul 9

© 2014   Created by Bret Teegarden.

Badges  |  Report an Issue  |  Terms of Service