Says New Aggressive Tax Strategy Will Bankrupt Many CA Businesses
Unless They Prepare
SACRAMENTO: A tax consultant warns that the California Board of Equalization (BOE) has enacted a new tax reporting system, which is going to effect all California businesses. The new plan involves forcing businesses to set up Use Tax Accounts and pay use taxes on any tangible personal property that has been purchased and brought into the state of California.
Alston, President of Aero & Marine Tax Professionals
the pre-eminent experts in helping purchasers of aircraft and vessels
to avoid paying sales and use tax in California, warns that this new
strategy of the BOE could bankrupt businesses.
“I want to let business owners know the dangers involved in this new strategy by the state,” stated Alston. “My guess is that many California business owners have received a letter from the Board of Equalization (BOE) over the past few months notifying them that the BOE has arbitrarily assigned them a Use Tax permit number and has set up an electronic account for them to file their returns. I received such a letter recently. I was very angry and called a person at the BOE. He explained that letters have been going out for several months and the BOE is concerned that people don’t totally understand what is happening. He said he has been doing nothing but answering the phone about these use tax accounts. If anyone gets a letter from the BOE about setting up Use Tax account, you should call me. The wrong thing to do is ignore the letter,” concluded Alston.