1. Use Tax – Why it’s important to you!
The 2017 International Radon Symposium™

2. Use Tax – Why it’s important to you!
What is Use Tax?
*The use tax is imposed on consumers of tangible personal property that is used, consumed, or stored in their state. Consumer's use tax applies to purchases from out-of-state vendors that are not required to collect tax on their sales. 
* SalesTaxInstitue.com
The 2017 International Radon Symposium™

3. Use Tax – Why it’s important to you!
Example
A Massachusetts company purchases a tangible product from a vendor in New York. The Vendor in New York does not charge Mass Sales Tax on Purchase. The goods are then “used” in the state of Massachusetts. This triggers a “Use Tax” liability.
The 2017 International Radon Symposium™

4. Use Tax – Why it’s important to you!
Nexus
Nexus is just a fancy word for “presence”. If a company has presence in a state, that qualifies for nexus. Presence can be an employee, office, distribution center, or warehouse.
If a company does not have nexus in your state, they are not required to charge sales tax on sales to businesses in that state.
The 2017 International Radon Symposium™

5. Use Tax – Why it’s important to you!
What if I’m audited?
The 2017 International Radon Symposium™

6. Use Tax – Why it’s important to you!
Tips for a successful audit
Have everything they ask for.
Be Organized
Schedule on Friday’s!
Questions?
The 2017 International Radon Symposium™