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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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Federal use tax is imposed on the use, storage, or consumption of tangible personal property that was purchased out of state and not subject to sales tax.
Individuals or businesses who have purchased tangible personal property from out-of-state sellers and did not pay sales tax at the time of purchase may be required to file federal use tax on.
To fill out federal use tax forms, individuals or businesses need to provide information about the out-of-state purchases made, calculate the amount of tax owed, and submit the required forms and payments to the Internal Revenue Service.
The purpose of federal use tax is to ensure that individuals or businesses are not able to avoid paying sales tax by making purchases from out-of-state sellers, thus helping to maintain a level playing field for local businesses.
Information that must be reported on federal use tax forms includes details of out-of-state purchases made, the amount of tax owed, and any other relevant documentation to support the filing.
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