View Single Post
  #10  
Old 06-29-2017, 09:07 PM
BobC BobC is offline
Bob C.
 
Join Date: Apr 2009
Location: Ohio
Posts: 3,276
Default

Quote:
Originally Posted by Rhotchkiss View Post
In my experience, you do not pay sales tax (or use tax) if you are not in a state where the auction has a physical presence.
I am an accountant and if the auction house does not have what is known as a physical or business nexus in a particular state whereby they have to charge you sales tax, you as the buyer are generally required to still pay the applicable tax, except it is then referred to as a "use" tax. If you look up the laws in pretty much every state, it is not known as just a "sales" tax, it is mostly listed and known as "sales & use" taxes. The fact that the state doesn't come knocking on your door to collect the "use" tax doesn't mean you technically don't owe it.
Reply With Quote