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

Este formulario es utilizado por individuos para reportar y pagar el impuesto de uso del consumidor en Virginia sobre las compras no gravadas.

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 Form CU-7 from the Virginia Department of Taxation website or local tax office.
2. Fill in your personal information at the top of the form, including your name, address, and Social Security number.
3. In the 'Taxable Purchases' section, list all items purchased for use in Virginia that did not have sales tax paid.
4. Calculate the total amount of your taxable purchases.
5. Determine the use tax due by applying the current Virginia use tax rate to your total taxable purchases.
6. Complete any additional sections, such as entering any credits or exemptions you may qualify for.
7. Review the form for accuracy before signing and dating it at the bottom.
8. Submit the completed form along with any payment owed to the Virginia Department of Taxation by the deadline.

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

1. Individuals who have purchased tangible personal property or certain services for use in Virginia but did not pay sales tax at the time of purchase.
2. Residents of Virginia who have made online or out-of-state purchases where sales tax was not collected.

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).

For pdfFiller’s FAQs

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 taxable purchases made outside of Virginia that are used, consumed, or stored in the state.

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

Individuals who have made taxable purchases from out-of-state sellers and have not paid Virginia sales tax at the time of purchase are required to file Virginia Consumer's Use Tax Return, Form CU-7.

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

To fill out Form CU-7, individuals should provide their personal information, list the taxable items purchased, and calculate the total use tax owed based on the purchase amounts. The form must then be signed and submitted to the Virginia Department of Taxation.

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

The purpose of Virginia Consumer’s Use Tax Return for Individuals, Form CU-7, is to ensure compliance with state tax laws by allowing individuals to report and pay use tax on purchases made outside of Virginia.

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

The information that must be reported on Form CU-7 includes the purchaser's name and address, details of the items purchased (description, date of purchase, purchase price), and the calculated use tax amount owed.