Cruisers Forum
 


Reply
 
Thread Tools Search this Thread Rate Thread Display Modes
Old 09-05-2018, 07:37   #61
Registered User
 
Woodland Hills's Avatar

Join Date: Apr 2017
Location: Aboard
Boat: Hatteras CPMY 63
Posts: 898
Re: LLC,s Best state for sailboat ownership.

Quote:
Originally Posted by Nariel View Post
I have a very novice question here. How is the tax/registration checked and monitored?

I am envisioning a little tax man in a cheap suit with briefcase, bald spot, and bad glasses riding around in a dinghy and stopping to knock on the stern.

But seriously, can someone tell me how this is monitored and enforced in most states? I am curious if you are coast guard documented and cruising between states and staying under the appropriate visiting guidelines (ex: 60-90 days or less) what documentation is typically requested and by whom. Thanks for helping a newb understand!
Some states use the marina owners and managers as their information source. All they have to do is add your out of state registration to a database, if they record when you arrive and another Marina in the state reports you 61 days later, you will get a tax bill for use tax.
Woodland Hills is online now   Reply With Quote
Old 09-05-2018, 10:55   #62
֍֎֍֎֍֎֍֎֍֎

Join Date: Apr 2006
Posts: 15,129
Re: LLC,s Best state for sailboat ownership.

It is also worth noting that in some states, the requirement to register, title, and pay taxes (AFAIK USE TAX not SALES TAX because there has been no sale, no jurisdiction, to levy sales tax unless the boat was sold in that state) varies depending on whether the boat is spending CONTIGUOUS DAYS (sequential) or CALENDAR DAYS in a state. In some states, if you stay there for 183 sequential days within any single calendar year--tax is due. In other states, 183 sequential days, even if they split over two calendar years--tax is due.

In a radical accident of rationality, in NYS, you only have to register a boat if it is "on the navigable waterways" actually IN THE WATER for more than 90 sequential days. Show a receipt that it was on dry land for storage or repair, or show a fuel receipt confirming you hopped across to NJ or CT for some reason, and your 90 day clock resets. Again and again.

You have to either know where you are going, or be a vagrant and just sneak on through. The tax men are damned clever. And if you want to stay in a marina on anything more than a transient basis? Odds are the marina either is already required, or will soon be required, to send a list of all "out of town boats with long term contracts" to their tax men.

And their presumption is always "guilty until proven innocent".
hellosailor is offline   Reply With Quote
Reply

Tags
boat, ownership, sail, sailboat

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Advantages to setting up an LLC? Water Dragon Boat Ownership & Making a Living 9 02-09-2015 11:48
Form an LLC for Charter Boat? muchmsw Boat Ownership & Making a Living 7 07-02-2013 19:34
Putting Boat into LLC or Trust Hiracer Boat Ownership & Making a Living 31 05-11-2012 09:09
Montana LLC, can you really avoid sales/use tax judybuddy Rules of the Road, Regulations & Red Tape 19 15-01-2007 17:41

Advertise Here


All times are GMT -7. The time now is 12:01.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.