Winnipesaukee Forum - View Single Post - Tax Loop-hole Maine residents with NH registered boats?

Airwaves · 12-20-2009, 06:48 PM

I saw that article last week. It seems to me the guy from Maine made two mistakes that cost him.

1. He purchased the boat THROUGH A DUMMY NH BUSINESS THAT HE ESTABLISHED FOR THAT REASON.
2. He brought the boat into Maine within a year of it's purchase and it remained in Maine for longer than 30 days.

I think the second item is the one that did him in legally although I am sure the establishment of a dummy company in a sales tax fee state to buy the boat in Florida did not endear him to the Maine tax collectors and produced the red flag.

Remember, it's not just a sales tax, it's a sales and USE tax.

12-20-2009, 06:48 PM	#7
Airwaves Senior Member Join Date: Feb 2006 Location: I'm right here! Posts: 1,153 Thanks: 9 Thanked 102 Times in 37 Posts	I saw that article last week. It seems to me the guy from Maine made two mistakes that cost him. 1. He purchased the boat THROUGH A DUMMY NH BUSINESS THAT HE ESTABLISHED FOR THAT REASON. 2. He brought the boat into Maine within a year of it's purchase and it remained in Maine for longer than 30 days. I think the second item is the one that did him in legally although I am sure the establishment of a dummy company in a sales tax fee state to buy the boat in Florida did not endear him to the Maine tax collectors and produced the red flag. Remember, it's not just a sales tax, it's a sales and USE tax.