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 eligible purchases made outside the state or without tax applied.

How to fill out virginia consumers use tax

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

1. Begin by downloading and printing Form CU-7 from the Virginia Department of Taxation website.
2. Enter your personal information at the top of the form, including your name, address, and Social Security number.
3. Indicate the tax year for which you are filing.
4. Calculate the total amount of taxable purchases made during the tax year by listing each purchase and the corresponding amount.
5. Use the appropriate tax rate to calculate the total Consumer's Use Tax owed on your purchases.
6. If you have any exemptions or deductions, complete that section following the instructions provided on the form.
7. Total the amounts owed, and ensure all calculations are accurate.
8. Sign and date the form at the bottom, certifying that the information provided is correct.
9. Mail the completed form along with any payment to the address specified in the form instructions.

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

1. Individuals who make purchases from out-of-state retailers and do not pay sales tax at the time of purchase may need to file Form CU-7.
2. Virginia residents who buy goods or services for personal use and have a use tax obligation must complete this form.
3. Anyone who has accumulated a total of $1,000 or more in taxable purchases during the year is required to file this return.

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 tangible personal property that was purchased for use in Virginia but for which the sales tax was not paid at the time of purchase.

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

Individuals in Virginia who have made purchases of tangible personal property from out-of-state vendors where sales tax was not collected are required to file Virginia Consumer’s Use Tax Return for Individuals, 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, detail the purchases made without sales tax, calculate the total use tax owed, and submit the completed form along with payment 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 that individuals pay the appropriate use tax on items purchased without sales tax, thereby complying with state tax laws and contributing to state revenue.

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 individual's name, address, total purchases made without sales tax, the applicable use tax rate, the total use tax due, and payment information.