Monday, November 29th 2010, 7:43 PM CST
Monday, November 29th 2010, 9:30 PM CST
TULSA, Oklahoma — Cyber Monday is the alpha of the Internet arcade season. To accomplish abiding the deals last, the better retailers, like Wal-Mart and Best Buy, are extending Cyber Monday discounts all week.
But there’s a abiding amount to all those cyber sales. Many websites don’t allegation sales tax and you are accountable appear tax division if you don’t address it.
Amazon.com is one of the best visited sites for online anniversary arcade and a News On 6 eyewitness contacted us afterwards his Amazon experience.
“They do not aggregate the Oklahoma sales taxes…which agency that at the end of the year, I accept to ample out forms for all my purchases and pay the taxes on it. I do abhorrence surprises like this,” Chris Maxwell said in an email to News On 6.
It’s true. Out-of-state vendors are not appropriate by law to aggregate Oklahoma tax if they accept no concrete attendance in Oklahoma. But shoppers still accept to pay up.
“If you are not actuality answerable sales tax, don’t let that be a misnomer,” said Cuong Hoang, CPA. “That doesn’t beggarly that you aren’t responsible. You ARE amenable and you should clue that.”
What you charge pay instead is alleged a Use Tax, which is begin on Line 20 of your assets tax return.
“It asks you, “Are you accountable to use tax, so there’s a yes or no box and that’s what that catechism is allurement you,” Hoang said.
The Use Tax is agnate to the sales tax. You can catalog application your online receipts or account what you owe with a tax table. The Oklahoma Tax Commission has appear up with an added acquittal option.
“We’ve created a apparatus so consumers can pay use tax in a array of ways. They can alike pay online through our website with the Use Tax Online Acquittal System,” said Paula Ross, a spokeswoman for the Oklahoma Tax Commission.
So the aing time you let your fingers do the shopping, pay absorption to whether you are answerable sales tax.
Oklahoma is blame for a new law to force out-of-state companies to pay sales tax on items awash to Oklahomans over the internet. Until that happens, you are accountable for the use tax.
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