Get the free Virginia Consumer’s Use Tax Return for Individuals, Form CU-7

This document is used by individuals in Virginia to report and pay the consumer’s use tax on items purchased without paying sales tax, particularly from out-of-state sellers.

How to fill out virginia consumers use tax

How to fill out Virginia Consumer’s Use Tax Return for Individuals, Form CU-7

1. Obtain a copy of Form CU-7 from the Virginia Department of Taxation website or a local office.
2. Fill in your personal information at the top of the form, including your name, address, and Social Security number.
3. Identify the purchases you made that are subject to use tax, including items bought online or out of state.
4. Calculate the total amount of these purchases and enter that amount in the specified section.
5. Calculate the use tax owed by applying the current Virginia sales tax rate to your total purchases.
6. Include any adjustments or credits you may be eligible for if you've previously paid sales tax on some purchases.
7. Sign and date the form at the bottom, certifying that the information is accurate.
8. Mail the completed form along with any applicable payment to the address indicated on the form.

Who needs Virginia Consumer’s Use Tax Return for Individuals, Form CU-7?

1. Individuals who have purchased tangible personal property or services for use in Virginia without having paid Virginia sales tax at the time of purchase.
2. Residents of Virginia who make online purchases from out-of-state vendors that do not collect Virginia sales tax.
3. Any individual who owes use tax on taxable items that they bought for personal use, including items purchased during travel or from temporary sales.

People Also Ask about

What is an example of a consumer tax?

Examples of consumption taxes include retail sales taxes, excise taxes, value-added taxes, use taxes, taxes on gross business receipts, and import duties. These taxes are borne by consumers who pay a higher retail price for the good or service.

What is Tennessee consumer use tax?

Tennessee first adopted a general state sales tax in 1947, and since that time, the rate has risen to 7 percent.

Do I owe NC consumer use tax?

North Carolina use tax is due if you purchased, leased or rented items inside or outside this State for storage, use, or consumption in North Carolina and did not pay the applicable sales and use tax at the time of purchase.

How do I amend my Virginia sales and use tax return?

For paper returns, mark the oval labeled “Amended Return.” Complete the new return using the corrected information, as if it were the original return. Do not make any adjustments to your amended return to show that you received a refund or paid a balance due with your original return.

What is the consumer use tax?

Consumer Use Tax is a tax on the purchaser and is self-assessed by the purchaser on taxable items purchased where the vendor did not collect either a sales or vendor use tax. The purchaser remits this tax directly to the taxing jurisdiction.

What is Virginia consumer use tax?

5.3% anywhere else in Virginia.

What is a consumer use tax return?

Consumer Use Tax is a tax on the purchaser and is self-assessed by the purchaser on taxable items purchased where the vendor did not collect either a sales or vendor use tax. The purchaser remits this tax directly to the taxing jurisdiction.

Who must file a Virginia corporate tax return?

Every corporation that is incorporated under Virginia law, or that has registered with the State Corporation Commission for the privilege of conducting business in Virginia, or that receives income from Virginia sources, must file a Virginia corporation income tax return (Form 500).

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What is Virginia Consumer’s Use Tax Return for Individuals, Form CU-7?

Virginia Consumer’s Use Tax Return for Individuals, Form CU-7 is a tax form used by individuals to report and pay use tax on purchases made without tax being collected, typically from out-of-state vendors.

Who is required to file Virginia Consumer’s Use Tax Return for Individuals, Form CU-7?

Individuals who have purchased goods or services for use in Virginia without paying Virginia sales tax, such as online purchases or products brought in from other states, are required to file this form.

How to fill out Virginia Consumer’s Use Tax Return for Individuals, Form CU-7?

To fill out Form CU-7, individuals must provide their personal information, list the taxable purchases made during the tax year, calculate the total use tax owed based on the purchase price, and submit the form along with payment.

What is the purpose of Virginia Consumer’s Use Tax Return for Individuals, Form CU-7?

The purpose of Form CU-7 is to ensure that individuals comply with Virginia tax laws by reporting and paying use tax on items purchased without state sales tax.

What information must be reported on Virginia Consumer’s Use Tax Return for Individuals, Form CU-7?

Form CU-7 requires reporting the individual's name, address, Social Security number, details of taxable purchases including dates and amounts, and the total use tax due.