Overlooked, underestimated and under the radar. That’s the best way to describe
consumer use tax. The less popular cousin of
sales tax, consumer use tax is one of the most
mismanaged compliance issues. That’s because
most people don’t know what it is, never mind
how to comply with it. But ignorance isn’t bliss.
In fact, mismanaging use tax ranks in the top
five for costliest compliance mistakes made by
companies, according to accounting and tax
consulting firm Peisner Johnson