Did you know that if you purchased anything on the Internet that you are required to pay sales tax? It’s called a Use tax. You don’t pay it at the time of purchase but rather claim the purchases at the time you file your state income tax.
New York has a place on their state income tax form to calculate online purchases and if a New Yorker is audited, the Department of Taxation said:
If we find out you have made purchases you haven’t reported to us, not only are you going to be liable for the amount owed, the tax liability, but also interest and penalties, which…could be up to three times as much as what you actually owe.
I knew that if I purchased from an online business located in Utah I would be charged sales tax, but I had no idea that I had a tax liability for all of my online purchases. Did you? You, uhm I mean we, have until April 17th to pay up.
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