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Wednesday, November 16, 2011

News to me...

With the exception of five states — Alaska, Delaware, Montana, New Hampshire and Oregon, all others add a sales tax to your Internet purchase. Remember when the Internet was a tax-free zone? Sink in the hook, Capt. Ahab!

http://www.msnbc.msn.com/id/23351894/ns/business-personal_finance/t/states-crack-down-tax-free-online-purchases/#.TsRfPFaUoUY

If you buy an item tax free, you have to report it in your state and/or federal tax return. I am surprised daily as I research, I find different things I never knew. I read about a man who tested the Internet on a challenge. He needed a washing machine for his mother. He did find it easily at Sears Online. He had a new washing machine delivered to his mothers house. Can you buy everything including a kitchen sink on line? Try it out!

Bob

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