[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

SCVNews.com | Did You Pay Sales Tax on Cyber Monday? | 11-28-2012
Inside
Weather
Santa Clarita CA
Sunny
Sunny
65°F
 
Calendar
Today in
S.C.V. History
April 20
1874 - First train out of L.A. to reach new town of San Fernando; Newhall 2 years later [story]


George Runner

Cyber Monday holds the record as the biggest online shopping day of the year. We now live in a society where online shopping is very common and often threatens to edge out brick and mortar stores. But it is not free from confusion, especially regarding California’s new online sales tax law.

While reports have suggested that all online sellers must now collect California sales tax, most major out-of-state online retailers like L.L. Bean and Overstock.com are not required to collect sales tax as long as they don’t have a presence in California.

On the other hand, major companies such as Walmart, Sears and Amazon.com are required to collect sales tax because of stores or distribution centers in the state.

The new law, which went into effect September 15, requires out-of-state sellers to collect tax if they make more than $1 million in annual sales to California consumers and at least $10,000 of those sales come through referrals from California-based affiliates.

Earlier this year the Board of Equalization mailed letters to more than 200 out-of-state retailers, notifying them of the new law. To date, only a few responded by beginning to collect sales tax.

When out-of-state retailers do not collect tax, California consumers are still required to report and pay the equivalent of sales tax, known as “use tax.” They can pay directly to the BOE online using their ePay service or pay on their California income tax returns.

“Most people oftentimes feel like they don’t owe it,” said George Runner, member of the California Board of Equalization (pictured left). “But the reality is that according to state law, they do.”

Though the state does not have an official system to monitor use tax, and George Runner noted that they “depend on the honesty of the taxpayer,” omissions will show up during tax audits.

If you do not keep a file of receipts from online purchases, it may be difficult to figure out how much use tax you owe. To help with this, the BOE has provided an easy reference chart that estimates use tax owed based on income.

For more information on online sales and use taxes, visit the [Board of Equalization website].

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

Comments are closed.

LOCAL BUSINESS LINKS
LOCAL BUSINESS HEADLINES
FINANCIALS OF LOCAL INTEREST
MARKETS & METALS
NASDAQ4994.60  chart +1.27%
S&P 5002100.40  chart +0.92%
STOCKS OF LOCAL INTEREST
Bank Santa Clarita9.30  chart +0.00%
Biosolar, Inc.0.065  chart +0.00%
Sierra Bancorp16.58  chart +1.78%
Cu Bancorp (ca)21.14  chart +0.57%
Enable Ipc Corp0.0032  chart -34.69%
Flextronics International Ltd.12.46  chart +0.89%
Linn Energy, Llc13.30  chart +2.94%
Linn Co, Llc12.41  chart +2.31%
Mannkind Corporation4.93  chart -2.18%
Mission Vly Bcp Ca6.30  chart +0.00%
Quest Diagnostics Incorporated 76.15  chart +1.09%
Tejon Ranch Co Common Stock26.08  chart +2.84%
Us Energy Initiative0.001  chart +0.00%
Wesco Aircraft Holdings, Inc. C16.21  chart +1.31%

Apple Inc.127.60  chart +2.28%
At&t Inc.32.83  chart +0.98%
Autonation, Inc. Common Stock64.51  chart +1.56%
Best Buy Co., Inc. Common Stock36.58  chart +0.33%
Big Lots, Inc. Common Stock46.72  chart +1.68%
Barnes & Noble, Inc. Common Sto23.34  chart +0.82%
Brady Corporation Common Stock27.47  chart +1.97%
Boston Scientific Corporation C18.19  chart -1.14%
N/aN/A  chartN/A
Cbre Group Inc Common Stock Cla38.54  chart +0.31%
Carnival Corporation Common Sto46.49  chart -1.11%
Comcast Corporation58.47  chart +0.09%
Costco Wholesale Corporation146.31  chart +1.20%
Curtiss-wright Corporation Comm76.06  chart +2.14%
Cvs Health Corporation Common S101.28  chart +0.89%
Cemex, S.a.b. De C.v. Sponsored9.73  chart -1.52%
D.r. Horton, Inc. Common Stock28.04  chart -0.81%
Walt Disney Company (the) Commo108.22  chart +1.43%
Edison International Common Sto61.65  chart +0.95%
Hyatt Hotels Corporation Class 57.81  chart +0.80%
Home Depot, Inc. (the) Common S112.86  chart +0.68%
Kb Home Common Stock15.72  chart +0.58%
Kroger Company (the) Common Sto71.28  chart -0.78%
Lennar Corporation Class A Comm48.23  chart -0.64%
Laboratory Corporation Of Ameri125.35  chart +0.76%
Linn Energy, Llc13.30  chart +2.94%
Linn Co, Llc12.41  chart +2.31%
Lowe's Companies, Inc. Common S72.63  chart +0.43%
Marriott International - Class 79.77  chart +2.74%
Mcdonald's Corporation Common S96.18  chart +1.37%
Mitsubishi Ufj Financial Group,6.93  chart +0.87%
Netflix, Inc.567.39  chart -0.73%
Office Depot, Inc.9.37  chart +1.19%
Rexford Industrial Realty, Inc.15.75  chart +1.88%
Regal Entertainment Group Class22.29  chart +0.45%
Republic Services, Inc. Common 39.79  chart +1.09%
Radioshack Corp.N/A  chartN/A
Starbucks Corporation47.97  chart +0.73%
Smart & Final Stores, Inc. Comm18.25  chart -0.33%
Sears Holdings Corporation42.70  chart +0.23%
Six Flags Entertainment Corpora48.82  chart +1.31%
Sonova Hldg N134.20  chart +1.05%
Staples, Inc.16.10  chart +0.44%
Sunpower Corporation34.05  chart -0.35%
Supervalu Inc. Common Stock11.06  chart -0.36%
Safeway Inc.N/A  chartN/A
Target Corporation Common Stock80.93  chart +1.14%
Time Warner Cable Inc Common St150.87  chart +0.84%
Ulta Salon, Cosmetics & Fragran151.59  chart -0.30%
Waste Connections, Inc. Common 46.79  chart +0.28%
Whole Foods Market, Inc.48.37  chart -0.90%
Waste Management, Inc. Common S53.02  chart +0.26%
Wal-mart Stores, Inc. Common St78.14  chart +0.33%
Woodward, Inc.48.58  chart -0.43%
CURRENCY CONVERTER

Latest Additions to SCVNews.com
AB 1046 would align federal and state reporting requirements for community benefit programs, streamlining paperwork requirements and allowing more resources to be devoted to community partnerships. It would also preserve the ability of hospitals to collaborate with community groups to support programs that target local needs.
Hospitals Seek Law Change to Preserve Programs, Align Paperwork
Working together, the team will develop the scientific and technological innovations necessary to enable a space-based solar power system capable of generating electric power at cost parity with grid-connected fossil fuel power plants.
Caltech, Northrop Grumman Team Up to Develop Space-based Solar Power System
Net income declined by $61,000, or 2 percent, in the first quarter of 2015 relative to the first quarter of 2014, and a higher tax accrual was the ultimate factor in this unfavorable variance.
Sierra Bancorp: Quarterly Net Earnings Dip 2%
Mark your calendars, gather the family, pack a picnic, and make a plan to get to the Rivendale site in Towsley Canyon. The LA SummerFEST is the fastest growing cultural festival in LA County, and this year promises to be great fun, and including new events, new community partners, and the premieres of new work.
L.A. SummerFest at Rivendale Announces 2015 Season
The Santa Clarita Cowboy Festival mossied its way back into to town this weekend plus the passenger in a fiery crash over the weeknd has been identified. Click the link to see those stories and more on tonight's edition of SCV NewBreak.
SCV NewsBreak for Monday, April 20, 2015
CSUN’s Associated Students’ video created as part of a campuswide campaign to educate the CSUN community about ways to to combat sexual violence.
CSUN Students Campaign Against Sexual Assault
Attend the LIMS training recruitment on Friday, April 24 to learn how you can take your current job skills and transform them into a career in movie and television production.
Want a Career in TV, Film?
In celebration of National Volunteer week, leaders and staff from Kaiser Permanente’s Panorama City Medical Center and Santa Clarita medical offices worked alongside Habitat for Humanity San Fernando/Santa Clarita Valleys on Saturday, April 18, to “Team Build” 78 homes for low-income veterans and their families.
Kaiser Employees Help Habitat Build Homes for Heroes
New solicitations have been posted by City of Santa Clarita.
Bid Opportunity: Paint SCV Metrolink Stations
The operation included 44 arrests that ranged from warrant arrests to drug related offenses. Unlicensed drivers and those driving on a suspended license were also part of the 209 citations issued, in addition to the 54 vehicles that were towed.
44 Arrested, 54 Towed in Street Racing Bust in South L.A.
Valencia resident John Chernesky has been appointed to the role of vice president, North America Sales for Princess Cruises and Cunard Line, effective June 1.
Chernesky Named VP of North American Sales for Princess, Cunard
Matthew Morris arrived at College of the Canyons in 2004 as a wide receiver on the football team. Eleven years later, the former COC Cougar is on the verge of a career breakthrough as the founder of the Morris Law Practice.
Ex-COC Wide Receiver Opens Law Practice
Santa Clarita residents are invited to attend tapings over the next 10 weeks of "Beyond A.D.," a half-hour companion series to NBC's "A.D: The Bible Continues."
Public Invited to NBC’s ‘Beyond A.D.’ Tapings at Local Church
Acclaimed director, screenwriter and producer John Singleton will help shine the spotlight next month on Hollywood’s next generation of movie makers as California State University, Northridge celebrates its 25th annual “Senior Film Showcase” at the Academy of Motion Picture Arts and Sciences.
May 4: CSUN Student Films Featured at Academy Theater
Somebody broke into a business and stole $15,000 worth of high-end paintball guns and associated equipment. Do you recognize this person?
Do You Know This Guy? Wanted for Questioning in Paintball Theft
Roughly half of the rabid bats identified in Los Angeles County over the past five years have been found in the SCV, even though the SCV sports less than 3 percent of the county's human population.
SCV Takes Early Lead in Rabid Bats
Michelle, your role as first lady is to be an ambassador for America, not a slug for America. Your husband is already getting paid more than he’s worth. Have him give you some of his money.
Paid Volunteer? | Commentary by Joe Messina
An 18-year-old Utah man was arrested Thursday on suspicion of spreading a Santa Clarita Valley street gang's graffiti “from the west side to the east side of St. George (Utah),” according to a police sergeant quoted in the St. George News.
SCV Gang Tag Shows Up in Utah; Suspect Arrested
Cemex still needs to pursue and obtain entitlements from local, regional and state agencies, which could weigh on the outcome — or at least force Cemex to re-perform some aspects of the studies with an eye toward current environmental circumstances and standards. We hope this precipitates a renewed discussion among the public, who would be significantly affected by the mega-mine next door. We hope the community becomes increasingly aware of the fact that the mine is, by no means, a done deal.
Cemex Game Changer
Investigators are still looking into the fatal crash that left two men dead after their Corvette slammed into a tree and ignited a small fire Saturday morning.
Porter Ranch Man, 69, ID’d as One of 2 Killed in Crash
Caltrans plans to implement closures April 20-25, 2015, for striping and signage work. Closures are subject to change.
April 20-25: Overnight Lane Striping in Newhall Pass
Saugus, Zone 4 Public Safety and Crime Prevention Information Week of 04/06/2015 – 04/12/2015 Santa Clarita Valley Sheriff’s Station Crime Prevention Unit
Crime Blotter: Spousal Assault, Thefts in Saugus
Valencia: Zone 5 Public Safety and Crime Prevention Information Week of 04/06/2015 to 04/12/2015
Crime Blotter: Burglaries in Valencia
Canyon Country West: Zone 7 Public Safety and Crime Prevention Information Week of 04/06/2015 to 04/12/2015
Crime Blotter: Knife Attack, Thefts in CC-West