Taxws On Shoe's And Materials Used For Shoeing

Discussion in 'General Discussions' started by vthorseshoe, Mar 10, 2012.

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    vthorseshoe Active Member

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    When I lived in Vermont, there was a lot of discussion on what was taxeable and what wasn't.
    I finally had enough of all the second hand answers whether it came from an accountant or another farrier so I wrote to the state tax department and got a letter back from the top tax person in Vermont and it stated that any thing used on a horse in the form of shoeing wasn't taxable.

    I then gave it to my accountant and I got a rebate for the past 3 years from the state of Vermont.

    Have any of you bothered to verify the tax law in your state . ? It could mean a refund and money left in your pocket.

    my 2 cents worth ;)
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    Tom Bloomer Well-Known Member

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    In my state they have signs at all boarder crossings . . . NO SALES TAX! :p
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    brian robertson Active Member

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    The sad part is you ,as the tax payer, can only file amended returns for the previous 3 yrs; the tax people can come back on us, a minimum 7 yrs unless they can prove fraud then there is no statute of limitations...
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    Travis Morgan Copenhagen. You can see it in my smile!

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    Which state is that, Tom?
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    Tom Bloomer Well-Known Member

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    Delaware.
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    Tom Bloomer Well-Known Member

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    Interesting. Why is the racing stuff not taxed, George?
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    Travis Morgan Copenhagen. You can see it in my smile!

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    Probably because it's an agricultural enterprise.

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