Dumb question on sales tax in US auction venues
worldcoinguy
Posts: 2,999 ✭✭✭✭
When did Heritage start charging sales tax to all states? I have not bought enough in recent months to be aware of the change.
Is it a function of the venue in which the auction takes place, or the state in which the buyer is bidding/lot is sent? NYINC lot hammered in NY and lot goes to TX. For 1 lot, premium plus sales tax plus shipping puts the total at 32% over hammer. Ouch....overhead cost of an auction lot certainly is increasing. Lesson learned I suppose.
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Update: Invoices went out from HA with some problems regarding sales tax. They are working to fix and reissue invoices. Regarding the guidelines going forward for 2019, I am still seeking some clarification.
Short answer is I don't know.
But, they have charged sales tax on me (living in CA) - which means that many of my purchases end up quite a bit over hammer....
My current "Box of 20"
It should have nothing to do with the venue, but where the product is delivered to.
After the Supreme Court's decision last year you pay taxes to Heritage, or any other on line seller, based on your address. So whatever California charges you have to pay.
HA started collecting applicable sales tax on Aug 1st 2018.
The initial invoices they sent out had NYC sales tax. You will receive a new corrected invoice relevant to your state's tax. Mine went from $119+ to $0 because I live in Connecticut (no tax on antique coins).
Life member #369 of the Royal Canadian Numismatic Association
Member of Canadian Association of Token Collectors
Collector of:
Canadian coins and pre-confederation tokens
Darkside proof/mint sets dated 1960
My Ebay
Many thanks to all of the clarifications. I felt a bit naive asking in this manner but the invoice had me doing a double-take wondering how I missed something so significant. Props to HA for correcting it so quickly.