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CHAPTER 8700 INDEXGeneral 8700 Real Property Acquisition 8705 California Victim Compensation And Government Claims Board (VC GCB) 8710 Record Credit Card 8711.1 Billing Requirements 8711.2 Verification
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Accounting for use tax is the process of tracking and reporting the use of taxable goods or services that were purchased without paying sales tax.
Any individual or business that uses taxable goods or services in a state where they did not pay sales tax at the time of purchase is required to file accounting for use tax.
Accounting for use tax can be filled out either manually or electronically, depending on the requirements of the state in which the goods or services were used.
The purpose of accounting for use tax is to ensure that individuals and businesses pay the appropriate amount of tax on goods or services used in a state where sales tax was not paid at the time of purchase.
The information that must be reported on accounting for use tax includes the date of purchase, description of the goods or services, cost of the goods or services, and the amount of tax owed.
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