Forum Thread

Untaxed out of state Use tax (ie. Amazon, Newegg, etc)

Greenmind 325 87 January 28, 2012 at 04:30 PM
Deal
Score
0
12,201 Views

Thread Details

I'm running through Turbotax and they're asking me how much I spent on out of state purchases which were untaxed. I assume they mean Amazon, Newegg, and other online retailers which don't charge me state sales tax. I'm really not sure how much I've spent. It could be as much as $3000 or as little as $1000 since I really don't keep up with this. I know here on Slickdeals people constantly say "Sales tax spoils this". Am I missing something?

What's to keep someone from just saying $0? The honor system?

17 Comments

1 2

Sign up for a Slickdeals account to remove this ad.

#2
Honor system is correct.
Reply Helpful Comment? 0 0
#3
Quote from Greenmind View Post :
I'm running through Turbotax and they're asking me how much I spent on out of state purchases which were untaxed. I assume they mean Amazon, Newegg, and other online retailers which don't charge me state sales tax. I'm really not sure how much I've spent. It could be as much as $3000 or as little as $1000 since I really don't keep up with this. I know here on Slickdeals people constantly say "Sales tax spoils this". Am I missing something?

What's to keep someone from just saying $0? The honor system?
There is a standard deduction for "untaxed" purchases--I don't remember but it is really low for SDers. Just use that.
Reply Helpful Comment? 0 0
Joined Dec 2008
L10: Grand Master
6,027 Posts
1,948 Reputation
#4
Quote from suem View Post :
there is a standard deduction for "untaxed" purchases--i don't remember but it is really low for sders. Just use that.
$2.16 Smilie
Reply Helpful Comment? 0 0
#5
Quote from Greenmind View Post :
What's to keep someone from just saying $0? The honor system?
Correct. This is why some states are now working to change the rules, and make the seller collect the tax in the same way as ordinary sales tax.
Reply Helpful Comment? 0 0
Joined Dec 2005
L10: Grand Master
6,368 Posts
1,085 Reputation
#6
What a total fool you would be for putting anything accept $0.00.
Reply Helpful Comment? 0 0
E finita la cuccagna

Liberals want you to think like them, Conservatives just want you to think!
Joined Jan 2008
L10: Grand Master
7,332 Posts
487 Reputation
#7
Quote from dealgate View Post :
What a total fool you would be for putting anything accept $0.00.
laugh out loud calling someone else a fool and misspelling words in the meantime laugh out loud
Reply Helpful Comment? 1 0
-The San Francisco Bay Area, commonly known as the Bay Area, is a metropolitan region that surrounds the San Francisco bay in Northern California.
-The Bay Area is home to approximately 7.2 million people.
-The San Francisco Bay Area is one of the wealthiest regions in the U.S.
Joined Dec 2005
L10: Grand Master
6,368 Posts
1,085 Reputation
#8
Quote from BayArea View Post :
laugh out loud calling someone else a fool and misspelling words in the meantime laugh out loud
Is it worse than calling a word misuse a spelling error? bouncelaugh out loudlaugh out loudbounce
Reply Helpful Comment? 0 0

Sign up for a Slickdeals account to remove this ad.

Joined Jan 2006
Master of My Domain
4,140 Posts
864 Reputation
#9
Quote from Greenmind View Post :
What's to keep someone from just saying $0? The honor system?
The Streamlined Sales Tax Project [wikipedia.org] aims to change that.
Reply Helpful Comment? 0 0
As the username says ...
#10
They can't really audit an individual and prove they bought things out of state. You could just plead the 5th out of that. But it is a big deal for businesses i hear.
Reply Helpful Comment? 0 0
Joined Jan 2004
L10: Grand Master
14,931 Posts
1,093 Reputation
#11
Quote from wes View Post :
They can't really audit an individual and prove they bought things out of state. You could just plead the 5th out of that. But it is a big deal for businesses i hear.
That's horrible advice. There have been instances of companies being audited and them going after people who purchase a ton on-line that claimed to basically buy nothing.

You should atleast put something Big Grin
Reply Helpful Comment? 0 0
#12
Quote from LivninSC View Post :
That's horrible advice. There have been instances of companies being audited and them going after people who purchase a ton on-line that claimed to basically buy nothing.

You should atleast put something Big Grin
That's what I'm saying - businesses can be hit, but they aren't hitting individuals up. Come at me IRS.
Reply Helpful Comment? 0 0
#13
There is no federal income tax, so the IRS doesn't care what you claim. Turbo tax is asking this info for your state income tax, so if you got an audit, it would be your states department of taxation.
Reply Helpful Comment? 0 0
Joined Dec 2005
L10: Grand Master
6,368 Posts
1,085 Reputation
#14
Quote from Tel0004 View Post :
There is no federal income tax, so the IRS doesn't care what you claim. Turbo tax is asking this info for your state income tax, so if you got an audit, it would be your states department of taxation.
I (and anyone with a brain) know what you meant, but you are going to get some goober that has nothing of substance to offer on the discussion come and call you out for your income tax vs sales tax error. Sad that these people have nothing better to offer.
Reply Helpful Comment? 0 0
#15
Quote from Tel0004 View Post :
There is no federal income tax, so the IRS doesn't care what you claim. Turbo tax is asking this info for your state income tax, so if you got an audit, it would be your states department of taxation.
Quote from dealgate View Post :
I (and anyone with a brain) know what you meant, but you are going to get some goober that has nothing of substance to offer on the discussion come and call you out for your income tax vs sales tax error. Sad that these people have nothing better to offer.
I have a brain, but I'm still going to call out his error, lol. I realize he probably made a typo/mistyped what he meant, but at least change it to reflect saying that there is no federal use tax, because it really is just plain wrong to say there is no federal income tax, lol.
Reply Helpful Comment? 0 0
~~~~~~~~~~~ Check out my Youtube [youtube.com] ~~~~~~~~~~~
~~ Corsair Carbide 500R | ASUS Maximus IV Gene-Z | Intel i5-2500k 4.7GHz [canardpc.com] | Cooler Master Hyper 212 | MSI GTX 970 Gaming 4G | 4x4GB G.Skill Ripjaws X 1600MHz | Seasonic X650 PSU | Corsair Force 3 120GB SSD 2TB HDD 1x750GB HDD 1x640GB HDD| CM Storm Quickfire Rapid | Gigabyte Thor M7 | ASUS VS247H-P 23.6" Monitor x2 | Windows 7 Pro 64-bit~~

3DMark Firestrike Score [3dmark.com]

XBox Live Gametag - Reflection X13
Steam - jhu' X13_Y [steamcommunity.com]
Page 1 of 2
1 2
Join the Conversation
Add a Comment
 
Copyright 1999 - 2016. Slickdeals, LLC. All Rights Reserved. Copyright / Infringement Policy  •  Privacy Policy  •  Terms of Service  •  Acceptable Use Policy (Rules)  •  Interest-Based Ads
Link Copied to Clipboard