Like Tree0Likes

State sales tax audits

Reply
Old 08-20-2007, 07:37 PM
  #1
Registered
Thread Starter
 
Join Date: Apr 2005
Location: Chicago, IL
My Boats: 2000 Donzi 28ZX Scorpion
Posts: 75
Default State sales tax audits

Just got a letter in the mail from the state dept of revenue auditing my purchase of a boat a couple years back. They're requesting an invoice from the purchase and a canceled check copy.

Lets just say that the check amount may not match the invoice amount. Anyone run into this situation before? Probably the best thing to do is to pay the tax difference plus penalty.
synack is offline  
Reply With Quote
Old 08-20-2007, 07:41 PM
  #2
Registered
 
Join Date: Jul 2006
Location: Ft. Lauderdale Florida & Tarpon Springs Florida
My Boats: I think I have a Center Console now
Posts: 886
Default

Chances are they audited the purchase and contacted the seller first, when their info did not match up they came LOOKING for you! happened to me with a truck I sold to someone and they wanted me to give them the sale information... I failed to respond and heard nothing.
tanner is offline  
Reply With Quote
Old 08-20-2007, 07:51 PM
  #3
Registered User
 
Join Date: Jan 2007
Location: Mansfield, TX
My Boats: 1990 28 Apache SOLD!, 1990 16 Wahoo DC, 1973 40 Kingscraft
Posts: 5,701
Default

Quote:
Originally Posted by synack View Post
Just got a letter in the mail from the state dept of revenue auditing my purchase of a boat a couple years back. They're requesting an invoice from the purchase and a canceled check copy.

Lets just say that the check amount may not match the invoice amount. Anyone run into this situation before? Probably the best thing to do is to pay the tax difference plus penalty.
How long is a couple of years.......exactly? If its just a difference and not an entire fail to pay tax, then the statute of limitations may be in your favor.

Most states mirror the federal:

Generally speaking the statute of limitations would be 3 years after you paid the tax. If its because of fraud..........its 6 years.
TexomaPowerboater is offline  
Reply With Quote
Old 08-20-2007, 08:51 PM
  #4
Registered
Thread Starter
 
Join Date: Apr 2005
Location: Chicago, IL
My Boats: 2000 Donzi 28ZX Scorpion
Posts: 75
Default

I bought the boat in March of 2005 and sold it in May 2007. Paid tax on it in the end of march of 2005.
synack is offline  
Reply With Quote
Old 08-20-2007, 09:36 PM
  #5
Registered
 
Jigsaw89's Avatar
 
Join Date: Apr 2004
Location: New Jersey
Posts: 1,007
Default

If the letter wasn't sent certified I'd disregard it.
Jigsaw89 is offline  
Reply With Quote
Old 08-20-2007, 09:58 PM
  #6
Registered
 
The Menace's Avatar
 
Join Date: Nov 2002
Location: Bonita Springs, Florida
My Boats: 46 turbined Skater
Posts: 3,029
Default

Quote:
Originally Posted by Jigsaw89 View Post
If the letter wasn't sent certified I'd disregard it.
Never ignore the government when they are looking for money. Address this in a professional manor.

If the check is for more than you filed with the state say you purchased an additional motor, props, mooring cover etc. you are not obligated to pay tax on anything else. In fact, when you purchase a boat you should pay for the hull seperately. A boat is a boat even without the engines, drives interior, etc.

Hopefully they are reading this site.
The Menace is offline  
Reply With Quote
Old 08-27-2007, 04:31 PM
  #7
cji
Registered
 
Join Date: Apr 2005
Posts: 2
Default

Illinois must be reviewing all boat sales from 2005. I got an identical letter. Isn't this about the time they started collecting sales tax on used boats? I don't recall paying sales tax on used water craft before that time period in Illinois. I mailed them copies of everything.
cji is offline  
Reply With Quote
Old 08-27-2007, 05:37 PM
  #8
Charter Member # 55
Charter Member
 
Griff's Avatar
 
Join Date: Oct 2000
Location: Omaha
My Boats: .......32............. ...............Active Thunder....
Posts: 15,748
Default

Quote:
Originally Posted by The Menace View Post
If the check is for more than you filed with the state say you purchased an additional motor, props, mooring cover etc. you are not obligated to pay tax on anything else. In fact, when you purchase a boat you should pay for the hull seperately. A boat is a boat even without the engines, drives interior, etc.

Hopefully they are reading this site.

Thats how I do it. Several bill of sales.
Griff is offline  
Reply With Quote
Reply

Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
26sonic
General Boating Discussion
3
04-02-2005 12:06 PM
lotti
General Boating Discussion
31
02-19-2005 04:35 PM
Chris288
General Boating Discussion
0
08-06-2004 02:24 PM
Donzi Corleone
General Boating Discussion
1
09-14-2002 07:39 PM
PIERFECT
Baja
18
07-22-2002 09:14 PM



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 07:34 PM.


Copyright 2011 OffShoreOnly. All rights reserved.