Lately we’ve been hearing that Amazon may agree to charge sales tax on items purchased from its website. You might wonder why you should care. After all, those who purchase goods from Amazon are already paying use tax with their income tax returns, aren’t they? Well, if you’re a Wisconsin resident who owes use tax, you shouldn’t forget to include the tax when preparing your Wisconsin individual income tax return.
Jean M. Willard, CPA, is a principal in the Middleton offices of Reilly, Penner & Benton, LLP. A University of Wisconsin-Madison graduate, she has worked in public accounting with a focus on helping small business and individual clients.