Is Sales or Use Tax Due in Florida by the Company
We have a company in FL that owes us a substantial amount of money for loans to the company to cover expenses, etc. over the years. We have a second home in NC. We purchased an item for our home in NC using a company credit card because the company owes us money and because the item is large and had to be delivered to the company address (as we don't have a forklift at home and we were in FL at the time of the delivery). We took the item to the second home in NC it has been there since. It is clearly not a company item. The transaction was posted in the company's books against the Note Payable. Our company just had a sales and use tax audit and the auditor is insisting that we have to pay use tax on the item as it was shipped to the Florida address. Since this is not a company item and it is not even being used in the State, is the company liable for the use taxes on the item?
