CPA Tax Musings: No free lunch at Amazon!

Like I told you a few days ago, on September 15 Amazon starts collecting California sales tax.  But before you fire up your Amazon online account and buy everything before that so you don’t have to pay sales tax, just remember you still have to pay ‘use tax’ on all those out of state purchases, just on your California Income Tax Return!  This editorial from The Los Angeles Times gives you more details:

http://www.latimes.com/news/opinion/editorials/la-ed-amazon-california-tax-20120907,0,6623746.story

So make sure you pay your Use Tax next year on everything you saved Sales Tax on!

Remember, for financial, accounting and tax musings,
You can count on us to count for you!


email
bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com


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