-
Colorado Use Tax?
Finishing up our taxes (yeah, I'm Johnny on the spot), and at the end of the State Tax portion of TurboTax, it asks me to enter the total amount of all online purchases where Colorado tax was not paid to the seller. I assume this means every purchase from Amazon, eBay, LAPG, etc, etc?!? Not that I actually made many those purchases, but jeez, it seems like absolute bullsh*t that the state will charge tax on something not bought within the state. Are folks actually keeping track of the total spent on every online purchase? I wonder if Amazon or eBay reports this info to the state...
-
Amazon is collecting Colorado state tax these days.
-
I believe it's been the law for a while but IMO it's total BS
-
Idaho was one of the last holdouts. Amazon just started collecting Idaho tax last week. Sucks. I think there's only 4 states that don't collect sales tax...OR, NH, MT and ME, I believe. But even when Amazon didn't collect, you were "required" to report it for as long as I can remember.
-
It's been the law going all the way back to catalog mail order days.. The state of Colorado has an online Use Tax form that you are supposed to file for any purchase where Colorado sales tax has not been paid.. The exception would be if you bought an item in another state and paid sales tax in that state.
https://www.colorado.gov/pacific/tax...ions-and-forms
-
Wow, I guess I've had my head in the sand for a while. Maybe it's worth letting the CPA keep doing our taxes instead of trying to save a few bucks doing them myself.
-
I think Colorado should just try and collect their taxes from out of state vendors directly. We'll see how that works out for them.
Fortunately for me I never order anything online.
-
I don't know if the state's can actually see your purchases to know if you did or didn't buy anything
-
Let's just say, they get plenty of taxes from me
-
I would treat those taxes the same way you handle all the taxes you owe the state from garage sale and other person to person purchases throughout the year.