Posts Tagged ‘Sales Tax’
srikondoji asked:
Hey,
I am in very peculiar situation.
5 years ago when i was NH resident, i bought new car from the dealer in MA. The dealer then didn’t tax me as i was going to register my car in NH. NH didn’t collect any sales tax as there is no such thing in NH and got my registration done. However, 3 months ago i moved to MA and tried to register my vehicle.
MA is now asking me to pay the salestax at the original purchase price and penalty for all these 5 years. I don’t know what i should do now.
If there are anyone who faced similar situation?
What is the solution?
Thanks
sri
Hey,
I am in very peculiar situation.
5 years ago when i was NH resident, i bought new car from the dealer in MA. The dealer then didn’t tax me as i was going to register my car in NH. NH didn’t collect any sales tax as there is no such thing in NH and got my registration done. However, 3 months ago i moved to MA and tried to register my vehicle.
MA is now asking me to pay the salestax at the original purchase price and penalty for all these 5 years. I don’t know what i should do now.
If there are anyone who faced similar situation?
What is the solution?
Thanks
sri
Chris asked:
I recently totaled my Lexus LX470 (other driver at fault) and am waiting for insurance to check out the vehicle (not declared totaled yet, but very clear that it is). My car had an agreed upon value of $26,000 and I am going to soon buy a new car. When I purchase the new car, will I have to pay sales tax, title fees, etc? Is the sales tax that I have to pay assumed to be included in my $26000 settlement or will I have to later seek reimbursement for my title, tax, and licensing? I live in Pennsylvania, insurance is Chubb.
Thanks in advance,
Chris
I recently totaled my Lexus LX470 (other driver at fault) and am waiting for insurance to check out the vehicle (not declared totaled yet, but very clear that it is). My car had an agreed upon value of $26,000 and I am going to soon buy a new car. When I purchase the new car, will I have to pay sales tax, title fees, etc? Is the sales tax that I have to pay assumed to be included in my $26000 settlement or will I have to later seek reimbursement for my title, tax, and licensing? I live in Pennsylvania, insurance is Chubb.
Thanks in advance,
Chris
DEsi asked:
My cousin had to go outside US for a while, so she sent her brand new car(Camry) to me. Now she is planning not to return and asked me to take over her car payments. I would like to make a full payment(about $15,000) to avoid higher APR from her bank. She owes me lot of money so she asked me to keep the car and all payments she made till now. Do I have to pay sales tax for $15000 or for the market value of the car??
My cousin had to go outside US for a while, so she sent her brand new car(Camry) to me. Now she is planning not to return and asked me to take over her car payments. I would like to make a full payment(about $15,000) to avoid higher APR from her bank. She owes me lot of money so she asked me to keep the car and all payments she made till now. Do I have to pay sales tax for $15000 or for the market value of the car??
hkc asked:
I heard that some people purchase cars out of state to avoid high sales tax here in California. Does this work or is it worth it for new or used cars? Does anyone know whats involved? Would it be worth it to even fly to another state and then drive back? Anyone have any experience in this area?
I heard that some people purchase cars out of state to avoid high sales tax here in California. Does this work or is it worth it for new or used cars? Does anyone know whats involved? Would it be worth it to even fly to another state and then drive back? Anyone have any experience in this area?
Mirrikat45 asked:
I bought a car a few years ago when I lived in Oregon (Sales Tax Free State). Paid off 100% was mine. I went to move up to Canada and the car wasn’t going to pass B.C’s “AirCare” so I gave it to a friend of mine. Well me and my wife then decided we would rather live in the USA. So we moved to Blaine WA. The car company wouldn’t let me import the car I was leasing from them. Well my friend had never used the car so he said he would just give it back to me. So I drove back down to Oregon to pick the car up. He had registered the car in his name as Oregon law requires. When I got back up to Washington and try to register my car in my name again they want to charge me 8.5% Sales tax on the Bluebook value of the car ($1400) thats $153. Even though the car was a “GIFT” Is the lady at the office wrong? (In WA they dont have DMVs like other states. Here they have like grocery stores that do this stuff) Or am I really going to pay that on top of the registration fees?
I bought a car a few years ago when I lived in Oregon (Sales Tax Free State). Paid off 100% was mine. I went to move up to Canada and the car wasn’t going to pass B.C’s “AirCare” so I gave it to a friend of mine. Well me and my wife then decided we would rather live in the USA. So we moved to Blaine WA. The car company wouldn’t let me import the car I was leasing from them. Well my friend had never used the car so he said he would just give it back to me. So I drove back down to Oregon to pick the car up. He had registered the car in his name as Oregon law requires. When I got back up to Washington and try to register my car in my name again they want to charge me 8.5% Sales tax on the Bluebook value of the car ($1400) thats $153. Even though the car was a “GIFT” Is the lady at the office wrong? (In WA they dont have DMVs like other states. Here they have like grocery stores that do this stuff) Or am I really going to pay that on top of the registration fees?
Any Link to the actual rules and regulations would be the best! Thanks!
Misti C asked:
I was given an “offer” for my totalled car but I want to know what all I am supposed to be reimbursed for.. I know the value of my car, as well as sales tax but I know there is more that I am missing.
I was given an “offer” for my totalled car but I want to know what all I am supposed to be reimbursed for.. I know the value of my car, as well as sales tax but I know there is more that I am missing.
crackrocks08 asked:
state and a combined $50.00 license and registration fee. What was John’s total cost?
state and a combined $50.00 license and registration fee. What was John’s total cost?
A. $9,141.44
B. $10,000.00
C. $14,247.00
D. $9,138.44
JSmith asked:
the car is in my name and my wifes name does she need to be there or will i be sufficient
the car is in my name and my wifes name does she need to be there or will i be sufficient
Lower taxes!!! asked:
I bought a new car last year. What tax form do I need and on what line do I write the total amount of sales tax I paid? Do I add the state and county tax together? I live in IL.
I bought a new car last year. What tax form do I need and on what line do I write the total amount of sales tax I paid? Do I add the state and county tax together? I live in IL.
scheibler1 asked:
I just recently bought a used car on May 31, 2008 from a used car dealership where I live. I understand that I have to pay sales tax which is 7-8% in my area, get new plates, tags, etc. I have already updated my insurance and am awaiting the Title in my name. How long do I have until I have to pay the sales tax?
I just recently bought a used car on May 31, 2008 from a used car dealership where I live. I understand that I have to pay sales tax which is 7-8% in my area, get new plates, tags, etc. I have already updated my insurance and am awaiting the Title in my name. How long do I have until I have to pay the sales tax?
Thanks!