From the Desk of the Tax Expert : California Sales/Use Tax On Untaxed Internet Purchases -- The Law is Clear: You Owe It

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From the Desk of the Tax Expert

California Sales/Use Tax On Untaxed Internet Purchases -- The Law is Clear: You Owe It

This is an excellent article in the L.A. Times, December 24, 2009, Page B1.

Their has been confusion in the minds of tax and non-tax people about their tax obligation for California Use Tax on internet purchases, when the internet seller does not charge sales tax on purchases of tangible personal property.

There really is no confusion under the law. All California taxpayers should pay this tax with their Form 540 filed with the Franchise Tax Board each year... and people who want or need to be 100% accurate in all their tax obligations should seriously make a good-faith effort to pay-in a reasonable estimate of Use Tax due on untaxed internet sales.

See:
http://www.latimes.com/business/la-fi-hiltzik24-2009dec24,0,487418.column

If you have any questions or comments, contact me or any of our partners at (510) 797-8661.

Published Thursday, January 07, 2010 10:53 AM by Ron Cohen

Comments

From the Desk of the Tax Expert said:

Remember to File by April 15

California imposes “Use” tax on the purchase of tangible personal (non-real...

February 5, 2010 12:51 PM

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About Ron Cohen

Partner
GREENSTEIN, ROGOFF, OLSEN & CO., LLP
39159 Paseo Padre Parkway, Suite 315
Fremont, CA 94538
Tel: 510.797.8661 x237
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Email: rcohen@groco.com

Ron Cohen has more than 25 years experience in public accounting and related industry work. He earned an undergraduate accounting degree from the University of Illinois, Chicago, and then a Masters in Taxation from Golden Gate University. Ron has extensive knowledge in International Tax and has traveled extensively throughout Europe and Asia handling tax issues. He has also served as a tax director for a company with sales in excess of $2 billion. Ron teaches a course in taxation at Ohlone Community College. Ron lives in Fremont with his wife, who teaches English at Mission San Jose High School, and has two sons. Prior to his life as a CPA, Ron did some stand-up comedy in Chicago and received personal advice and coaching from Bill Cosby and Tim Reed. However, after observing that the vast majority of comedians have a very low taxable income, Ron decided to follow his father's example and become a CPA.

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