Be Aware of Consumer’s Use Tax in Iowa

[Author: Will Rogers, 07.17 | Keywords: Dealer Advocacy & Governmental Affairs, Consumer’s Use Tax] Earlier this spring, one of our Iowa members received notice that the Iowa Department of Revenue (I-DOR) had selected their business for a Consumerís Use Tax (CUT) audit. As part of the audit, the I-DOR was able to require 10 yearsí worth of receipts from various purchases made by the dealership. In addition, the I-DOR also asked for documentation on sales tax dating back 10 years. As a business owner, you should be aware of Iowaís Consumerís Use Tax and what you need to do in… Read More »