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fasttech 10% off sitewide sale. Tomorrow's the last day. But pay the $3-6 for USPS Expedited. It's worth it. It's DHL Ecommerce and more reliable than Epacket.
Git yer orders in now, folks. It's gonna take a while longer.
Git yer orders in now, folks. It's gonna take a while longer.
One thing that's disturbing. Starting in March 2021, retailers have to keep a record of your name, address, and what you purchased to report to the state. I read this on Vaping 360:
- Send each taxing state’s tax administrator a list of all transactions with customers in their state, including the names and addresses of each customer sold to, and the quantities and type of each product sold
What I wonder is if this is going to be retroactive or just sales from March on.
I got caught-up in this with cigarettes I bought online from reservations and got hit for thousands of dollars in back taxes, interest and penalties.
Fingers crossed or I'm
ed. Many of us are, in fact.
Of course, some people that have to pay state vapor taxes may not have it so bad because some of them don't tax everything.
For instance all vapor tax states tax eliquid & prefilled/disposables, but not all of those states tax other hardware. Of the states that do tax other hardware, some of them only tax full kits, not mods and tanks sold separately, including accessories. Of course, then some states tax your puff counter
For instance all vapor tax states tax eliquid & prefilled/disposables, but not all of those states tax other hardware. Of the states that do tax other hardware, some of them only tax full kits, not mods and tanks sold separately, including accessories. Of course, then some states tax your puff counter
I got caught-up in this with cigarettes I bought online from reservations and got hit for thousands of dollars in back taxes, interest and penalties.
Fingers crossed or I'm
What does that mean? Are you saying they could make anyone who bought vape stuff pay back taxes on it?
We don't know. I am certainly concerned about it given what happened to smokers that bought from reservations.
If...
- Stores are made to report all past sales prior to March 2021 and...
- Your state has a sales/use tax that you didn't pay and/or
- Your state has a vapor tax you didn't pay (this would be applicable only to those products that are taxable as per the vapor tax in your state but the sales tax would be applicable to all products)
Well, I agree, but they will get if from you one way or another. Trust me.
How is that even legal, because these taxes were not around until now?
My state so far only taxes eliquid (all of the components combined not the individual products before “making eliquid” )... which I have not purchased since 2013 or 2014.
Sales/use taxes have been around for a long time and as far as vapor taxes, many of the states that have vapor taxes have had them for many years now already.
So if my state only taxes eliquid and started in 2016, and I have not bought eliquid since 2013 or 2014 then there would be nothing for me to pay? Am I understanding that correctly? Also on my states site about bills and taxes passed it says the business selling the eliquid is responsible for collecting that tax and turning it in when a customer purchases it.
Well then that's good. The only thing you'd be on the hook for would be sales tax and any interest & penalties (which can be significant), that is if your state has a sales tax.
About half of the money that I owed my state in sales taxes for cigarettes was interest and penalties. The actual tax was rather small.
In my state, if you do not pay the retailer the state sales tax, then you have to fill out a state form and pay it directly to the state within 30 days of the purchase, otherwise you have to pay interest and penalties.
They can't tax you for something that isn't/wasn't taxable (but they could try lol).
Anyhow, don't worry about it right now because there isn't anything you can do about it plus we don't know what records they are going to require.
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