Use Tax: Sales Tax, Only Different

Sales and use tax comprise a significant part of state and local governments' revenues, but few people understand use tax and therefore do not pay it, which has resulted in a deficit of billions of dollars in uncollected revenue by the states. Unlike sales tax, which is commonly understood and handled at the point of sale, use tax often slips under the radar of organizations who should be paying it, but aren’t aware of it until it’s revealed by an audit. Collecting use tax is hard to manage and…