sail-world.com
 
 
News Home Video Gallery Photo Gallery
Sail-World.com : American boaters: are you in hot water with the Tax Man?
American boaters: are you in hot water with the Tax Man?

'Are you staying in the same state too long?'    .

Staying too long in one place can ruin a good thing. At least that's the case with American boaters making lengthy journeys, who are finding themselves targets of cash-hungry states when they stay too long and are subject to various taxes.

But how can boaters prevent overstaying their welcome? Boat Owners Association of The United States (BoatUS) has online state tax information at www.BoatUS.com/gov/states that will help keep them on the right side of the law and out of hot water with the taxman.

In most US states, a privately-owned recreational boat must be registered in the state where it is principally used, and any sales and use taxes paid to that state. A problem arises when the boat leaves this principal-use state and enters a new one, for a long visit, extended cruise or lengthy repairs. This could include 'Snowbirds' - boaters who head south each winter in search of warmer climates.

BoatUS says boaters may be subject to various sales, use, excise, or property taxes when they remain in one location for a consecutive number of days, or over-stay their visit for a certain number of aggregate days per year. This 'grace period' is often 60 to 90 days but as little as 30 days in two states (CO, NH). Also, if the principal state's sales and use tax is not comparable to the tax in the state the boat is visiting, the second state can levy their own tax making the boat owner liable for the difference.

To help boaters understand this issue, BoatUS' online map at www.BoatUS.com/gov/states highlights state sales and property tax rates with links to state tax departments, as well as registration information and 'grace periods'.

In the past, BoatUS has heard about tax authorities walking the docks, inspecting marina records and aggressively enforcing tax codes.

'We believe boaters should pay their fair share of taxes, and travel to other states with their eyes open about timelines and potential tax assessments,' said BoatUS President Margaret Podlich. 'Boaters should keep record keeping such as log entries, marina and fuel receipts or repair contracts while traveling. These documents are critical for boaters to keep, and are often the only way to fight an unjust tax bill,' added Podlich.

About BoatUS:

BoatUS is the nation's leading advocate for recreational boaters providing its over half million members with government representation, services such as on-the-water boat towing, roadside assistance and specialized boat insurance programs, boating safety, damage avoidance, clean water and consumer advocacy efforts as well as angler services and money saving benefits. For membership information visit


by Boat US/Sail-World

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=102064

9:19 AM Sun 16 Sep 2012GMT


Click here for printer friendly version
Click here to send us feedback or comments about this story.


Related News Stories:

08 Sep 2012  Historic new maritime laws passed for Australia
13 Jul 2012  Yacht Club reviews its safety - how does yours measure up?
22 May 2012  Australia's Lake Eyre native title decision - but what of the sailing?
22 May 2012  Lake Eyre native title decision - but will sailing again be allowed?
20 May 2012  Att Sydney sailors: Anchoring threat to Quarantine and Manly Cove West
13 Mar 2012  How to stay sailing longer than 90 days in the Med
10 Mar 2012  Italy saw the light, but Greece drives visiting yachts away
03 Mar 2012  Italy rethinks! - no berthing tax for foreign yachts
21 Feb 2012  Greece and Italy tough on yachts but Bermuda makes it easier
28 Dec 2011  European inspectors focus on yacht safety
MORE STORIES ...






News - USA and the World













HUD Vision: An interview with Afterguard Marine’s Alex Moret *Feature by David Schmidt, Sail-World USA Editor, Seattle














America's Cup: Expected de Ridder penalty should be reduced *Feature by Richard Gladwell/Sail-World.com/nz, Auckland, NZ
















Congressional Cup - Victory for Taylor Canfield and crew by Rich Roberts (As Amended by ISAF),




2014 Halifax – Saint-Pierre Ocean Race by Patricia Nelder, Nova Scotia














Image Gallery: Stratis SL33 flies on the Waitemata by Richard Gladwell,Sail-world.com/nz,


Audi Melges 20- Sperry Topsider Charleston Race Week - Light final day by International Audi Melges 20 Class Association,




ISAF Sailing World Cup Hyères - Crème of the crop to compete
Congressional Cup: Luna Rossa makes podium in first event
Int 14 World Championships 2015 launch new event website
International Optimist Regatta Clinic and Team Race - Register now!
Congressional Cup: World top rankers finish that way in Long Beach
Sperry Top-Sider Charleston Race Week Day 3 finale
America's Cup: Gino Morrelli outlines the new AC62 design
Doyle Sails New Zealand signs Andrew Brown as One Design Manager
America's Cup: Dean Barker's Blog - A sail with the Duke and Duchess *Feature
29er World Youth Sailing Week Easter regatta - Day 1 and 2 overall
C Thomas Clagett Jr Memorial Clinic/Regatta - Entries start to roll in
50th Congressional Cup: See the delayed coverage and media conferences
Clipper Race 10 Day 27: Closing stages - Qingdao to San Francisco
Canfield, Williams, Bruni, Swinton in Congressional Cup final four
Sperry Top-Sider Charleston Race Week - Day 2
Audi Melges 20 Charleston Race Week - Perfect conditions in Charleston
Oyster Regatta Antigua - Full on ocean conditions for day 3
PWA World Tour - A taste of things to come at La Torche + Video
Women's International Match Racing Series kicks off in June
Melges 32 Audi Tron Sailing Series - Action shots by Max Ranchi
Clipper Round the World Yacht Race - Frustrating conditions   
Man rescued after falling overboard in Pacific taken to hospital   
Sperry Top-Sider Charleston Race Week 2014 - Youth leading Melges 20   
Congressional Cup - Canfield leads toward Congressional Cup sailoffs   
Sperry Top-Sider Charleston Race Week 2014 - Perfection for Day 1   
America's Cup: Coutts claims ISAF Jury on a crusade, backs Kiwi report *Feature   
Clipper Round the World Yacht Race - Will light winds hamper progress?   
Les Voiles de St. Barth - Preparing to rock Saint Barthélemy waters   
Clipper Round the World Race - OneDLL and Qingdao now in San Francisco   
America's Cup: Emirates Team NZ up against funding hurdle for year *Feature   
Melges 32 Sailing Series Napoli - Day 1 images by Stefano Gattini   
50th Congressional Cup: View the Live racing here   
Melges 32 Sailing Series - Napoli action shots by Max Ranchi   
Volvo Ocean Race - Team Alvimedica launch new boat   
Emirates Team NZ: Royals duke it out on the Waitemata   
2014 Charleston Race Week - Thousands of sailors descend on Charleston   
The Congressional Cup 2014 - Williams hangs on with a classy crowd   
50th Congressional Cup: View the Live racing here   
RORC Transatlantic Race - Notice of Race now available   
Oyster Regatta Antigua - Sunshine and smiles on day 2   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
X6XL NEW US