Thursday, May 1, 2014

NCDOR Reminds Taxpayers of Use Tax Obligations


The North Carolina Department of Revenue has issued reminders to taxpayers of certain use tax obligations on remote sales. North Carolina use tax is due by individuals and businesses on tangible personal property and certain digital property purchased, leased, or rented inside or outside the state for storage, use, or consumption in North Carolina. Use tax is also due on taxable services sourced to North Carolina. Each and every taxpayer has an obligation to pay use tax. Even if a retailer does not collect tax, consumers are still required to report and pay the use tax. The use tax is calculated at the same rate as the sales tax. If you have any questions about sales and use tax, please contact us!
518 Arbor Hill Rd.
Kernersville, NC 27284
 Ph: 336-996-3338
 
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication (or in any attachment).
 

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