Search Results
Found 7917 Results
Page 302 of 317
Idaho taxpayers can claim some 2021 charitable contributions without itemizing
Idaho taxpayers can deduct some 2021 charitable contributions on their income taxes even if they use the standard deduction and don’t itemize.They can claim cash contributions to qualifying organizations of up to $600 if they’re married filing jointly, and $300 if they’re single or married filing separately. In 2020, the deduction was also available but […]
Travel and Convention Tax
Idaho charges a travel and convention tax to occupants of hotel and motel rooms for stays of 30 days or less. It also applies to vacation-home rentals and overnight stays at private campgrounds. It doesn’t apply to lodgers who stay more than 30 days continuously in the same room or space.Also see:Hotels, Motels, and Short-Term […]
IRP Basics Guide
This guide explains Idaho’s sales and use tax laws for IRP registrants. The guide describes motor vehicles, trailers, and glider kits that you can buy tax free under the IRP exemption. It also covers what you must pay tax on, and the requirements for keeping sales and use tax records and for filing returns.Defining an […]
Buying Exempt for an IRP Fleet
You might be able to buy or lease motor vehicles, trailers, and glider-kit vehicles for your IRP fleet tax free if all the following apply: You’re a commercial or private carrier in the business of transporting one or more of the following: People Commodities you or someone else owns You’ll operate the motor vehicle, glider-kit […]
Taxing an IRP Fleet
The reporting period for each year is July 1 through June 30. You must report your IRP fleet’s total state-by-state mileage during the reporting period. Use Idaho Transportation Department’s IRP Idaho Schedule B.If an IRP fleet’s total mileage outside of Idaho drops below 10 percent for any reporting period, you owe use tax. You must pay use tax on the […]
Recordkeeping for IRP Registrants
As an IRP registrant, you and the retailers or dealers you work with must keep records from the sale or lease of motor vehicles, trailers and glider kits you buy without paying tax under the IRP exemption.SellersDealers and retailers that sell or lease motor vehicles, trailers or glider kits under the IRP exemption must have […]
Laws and Rules for IRP
Learn more about IRP: Motor Vehicles and Trailers Used in Interstate Commerce — Sales Tax Rule 101 Motor Vehicles, Used Manufactured Homes, Vessels, All Terrain Vehicles, Trailers, Utility Type Vehicles, Specialty Off-Highway Vehicles, Off-Road Motorcycles, Snowmobiles and Glider Kits — Idaho Code section 63-3622R Purchases Shipped Out-of-State by a Common Carrier — Idaho Code section 63-3622P Learn more about Idaho tax […]
Off-Highway Vehicles Basics Guide
Snowmobiles, All-Terrain Vehicles, Utility-Type Vehicles and Motorbikes, etc. Sales or use tax is due on the sale, lease, rental, transfer, donation or use of off-highway vehicles in Idaho unless a valid exemption applies. This guide explains sales and use tax requirements for buyers and sellers of off-highway vehicles that are used on public roads or […]
Sales of Off-Highway Vehicles by Dealers and Retailers
Sales price Dealers and retailers must collect sales tax on the sales price of off-highway vehicles at the time of sale unless an exemption applies. Items that are nontaxable aren’t part of the sales price. The final amount you charge your customer can include both taxable and nontaxable items.What sales price includesSales price includes the following […]
Leases and Rentals of Off-Highway Vehicles by Dealers and Retailers
Leasing or renting an off-highway vehicle is considered a taxable sale in Idaho A dealer or retailer that buys an off-highway vehicle to lease out can buy it exempt for resale: Form ST-101 – Sales Tax Resale or Exemption CertificateThe sales price for a rental or lease of an off-highway vehicle is the same as for […]
Sales of Off-Highway Vehicles by Private Parties
This section applies to sales, transfers, exempt sales, rentals and leases of off-highway vehicles between private parties. Private parties are individuals or businesses who aren’t dealers or retailers.Sales price In a sale between private parties, sales tax is due on the sale of an off-highway vehicle unless an exemption applies. A sale between private parties must […]
Leasing Out or Renting Out Your Own Off-Highway Vehicle
Leasing or renting an off-highway vehicle is a taxable sale in Idaho. You’re renting out or leasing out your off-highway vehicle if you allow someone to use it and you receive payment (cash, property, or other financial gain). Whether you’re a business owner or an individual, you’re a retailer if you make one or more sales (including […]
Donating or Giving Away an Off-Highway Vehicle
Giving an off-highway vehicle to a person Transferring ownership of an off-highway vehicle to another person or entity is generally subject to tax, but certain gifts are exempt. An off-highway vehicle qualifies as an exempt gift if all of the following apply: You, as the giver, don’t receive services or anything of value for the off-highway vehicle. […]
Recordkeeping for Off-Highway Vehicles
Dealers and retailers that sell or lease off-highway vehicles Your records for selling or leasing off-highway vehicles must be the same as any retailer.Businesses that sell or transfer an off-highway vehicle to a related party Document the sale or transfer. Your records should include all of the following: Date of sale or transfer. Sales price of […]
Laws and Rules for Off-Highway Vehicles
Learn more about off-highway vehicles: Sales Price — Idaho Code section 63-3613, Sales Tax Rules 043 and 044 Retail Sale – Sale at Retail — Idaho Code section 63-3609, Sales Tax Rule 011 Certificates for Resale and Other Exemption Claims — Sales Tax Rule 128 [Recreational Activities] Definitions — Idaho Code section 67-7101 (1), (3), (9), (10), and (17) [Highways and Bridges] Definitions — Idaho Code section 49-109 Motor Vehicles, […]
Motor Vehicles – Private and Nondealer Basics Guide
Sales or use tax is due on the sale, lease, rental, transfer, donation or use of a motor vehicle in Idaho unless a valid exemption applies.This guide is for individuals, leasing companies, nonprofit organizations, or any other type of business that isn’t a motor vehicle dealer registered in Idaho.It explains sales and use tax requirements for […]
Sales Price – Motor Vehicles – Private and Nondealer
You must pay sales or use tax on the sales price of the motor vehicle unless you have an exemption.The sales price is the amount you paid for the motor vehicle. You must provide a bill of sale or receipt as proof of the sales price when titling your motor vehicle in Idaho. A canceled […]
Types of Sales – Motor Vehicles – Private and Nondealer
Buying from Idaho retailers that aren’t motor vehicle dealers Motor vehicle dealers sell or lease five or more motor vehicles in a calendar year. See Motor Vehicles – Dealers if you’re buying from a dealer.Some Idaho retailers occasionally sell motor vehicles even if they’re not a dealer. Retailers include businesses or individuals that meet one of the following […]
Exemptions – Motor Vehicles – Private and Nondealer
Some sales, transfers, and leases between a business and its owners or related parties are exempt.Change in the form of a business Transfer of motor vehicles is exempt if a business changes its entity type and the ultimate ownership of the property is substantially the same. Examples A sole proprietor forms a new LLC that […]
Leasing or Renting – Motor Vehicles – Private and Nondealer
Leasing or renting a motor vehicle is a taxable sale in Idaho. You’re renting or leasing your motor vehicle if you allow someone to use it and you receive payment (cash, property, or other financial gain). You’re a retailer, whether you’re a business owner or an individual if you make one or more sales (including motor vehicles) […]
Recordkeeping for Motor Vehicle Sales
Retailers that sell or lease motor vehicles Your records for selling or leasing motor vehicles must be the same as any retailer. Note You’re considered a dealer if you sell or lease more than five motor vehicles in a calendar year. See the Motor Vehicles – Dealers guide for more information about records you should keep.Businesses that sell […]
Laws and Rules for Motor Vehicle Private and Nondealers
Learn more about taxation of motor vehicles by nondealers: Sale — Idaho Code section 63‑3612; Sales Tax Rules 044, 106, and 107 Sales Price — Idaho Code section 63‑3613; Sales Tax Rules 043 and 044 Certificates for Resale and Other Exemption Claims — Sales Tax Rule 128 Imposition and Rate of the Use Tax – Exemptions — Idaho Code section 63‑3621 Permits – Issuance – Revocation – […]
Motor Vehicles In Your Business – Dealers
Motor vehicles used in operating your business Motor vehicles you buy that aren’t for sale or lease (e.g., service trucks you buy specifically for use in operating the business) are taxable. If federal income tax rules require you to give a compensation form (e.g., Form 1099) to someone who uses a demonstrator vehicle, you must […]
Buying Motor Vehicles for Resale – Dealers
From in-state businesses If you buy motor vehicles for resale from a seller doing business in Idaho, you must give the seller a completed Form ST-101 – Sales Tax Resale or Exemption Certificate. Sellers should keep this form on file and not charge tax on your future qualifying purchases. Write the name and address of both […]
Recordkeeping – Motor Vehicles – Dealers
You must keep records of all the purchases and sales that your business makes. Your records must show that you collected, reported, and forwarded taxes as required.Records you must keep Normal books of account (books of account can include information stored on computers) Documents that support entries in the books of account Bank statements Sales […]
Page 302 of 317