Getting your tax back on your returns?
A friend of mine ordered some concrete anchors on my account (a special order) that came out to $8 each. He found them elsewhere for $5 less and we returned them to the lumber yard.
Not only was I charged $103 for overnight shipping to, “get them here for you a.s.a.p.,” but after they took their restocking fee (15%), they gave me the tax back on the money that was left. That is, they didn’t give me the full tax back, just the tax on the full amount minus the 15% they took.
Is everyone else experiencing the same treatment from their lumber yard, and should I just quit crying and move on with life?
Just wanted to share this so others can get a fair credit on their returns.
Thx.
Replies
It all depends on how your state laws are written, and how they are interpreted by the state tax authority. Probably right in some states and wrong in others.
well, it was an income to the company so somebody got to pay the tax.
They may be reporting it as a sale, and thus there's tax due on it. However, no tangible personal property changed hands, so maybe it should be classified as something else (consulting?!) with no tax due. There's fine print somewhere in your state's sales and use tax code.... maybe on page 1138, paragraph 26.1.96, subsection 44.2, heading 11...
clause e.
You're right, I just noticed that in Special Bulletin #134, in the Updates section.
Was that the 4/15 version or the 6/13 version?
What state are you in? (you haven't filled out your profile.)
You get out of life what you put into it......minus taxes.
Marv