When a dealer uses their dealer plate to operate an inventory vehicle for personal use a small amount of use tax is required per the CDTFA Take the cost of the vehicle including reconditioning costs use the CDTFA divisor of 40 to obtain the taxable monthly base Report this amount for each month of use…
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Vehicle History Report
What’s a VIN?A Vehicle Identification Number (VIN) is the 17-character identifier for your car, truck, or motorcycle. It looks like this: 1VXBR12EXCP901213, and encodes the vehicle’s manufacturer, features, and serial number. No two vehicles have the same VIN, so it serves as your car’s fingerprint– this allows for all reports of accidents, title problems, insurance incidents,…
Continue ReadingPersonal Use Tax
When a dealer uses their dealer plate to operate an inventory vehicle for personal use a small amount of use tax is required per the CDTFA Take the cost of the vehicle including reconditioning costs use the CDTFA divisor of 40 to obtain the taxable monthly base Report this amount for each month of use…
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Open a dealership Retail Forms Starter Kit $75. +++++ LEARN HOW TO BECOME A CALIFORNIA RETAIL USED CAR DEALER 800-901-5950 #realcardealerschool +++++
Continue ReadingPersonal Use Tax
When a dealer uses their dealer plate to operate an inventory vehicle for personal use a small amount of use tax is required per the CDTFA Take the cost of the vehicle including reconditioning costs use the CDTFA divisor of 40 to obtain the taxable monthly base Report this amount for each month of use…
Continue Reading