Misunderstanding Will Double Your Tax
If you have been overwhelmed by articles, advertising and friendly advice about the various schemes to legally avoid California Sales and Use Tax, let me set you straight about how to protect yourself.
First, you must know that your purchase of an aircraft or vessel is not exempt from tax until the State of California sends you a letter which affirms in writing your transaction is exempt. This may seem a little simplistic, but every month I encounter another taxpayer (the State of California's term for you) who has never filed a tax return, yet firmly believes he/she does not owe tax. In this case NO NEWS IS BAD NEWS.
Do you know if you are going to be liable for sales and use tax on your next purchase? Read my full article today so you can avoid being double taxed! To be on the safe side; call Tom!