Form CU-7 Virginia Consumer's Use Tax Return for Individuals - Virginia

What Is Form CU-7?

This is a legal form that was released by the Virginia Department of Taxation - a government authority operating within Virginia. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form CU-7?
A: Form CU-7 is the Virginia Consumer's Use Tax Return for Individuals.

Q: Who should file Form CU-7?
A: Individuals in Virginia who owe use tax on purchases made from out-of-state retailers should file Form CU-7.

Q: What is use tax?
A: Use tax is a tax on the use, storage, or consumption of tangible personal property in Virginia.

Q: How do I calculate the use tax?
A: Multiply the total purchase price of taxable items purchased from out-of-state retailers by the applicable tax rate.

Q: Are there any exceptions to the use tax?
A: In some cases, purchases are exempt from use tax if sales tax was already paid in another state.

Q: When is Form CU-7 due?
A: Form CU-7 is due on or before the 20th day of the month following the end of the reporting period.

Q: What happens if I fail to file Form CU-7?
A: Failure to file Form CU-7 or pay the use tax owed may result in penalties and interest.

Q: Can I amend a previously filed Form CU-7?
A: Yes, you can file an amended Form CU-7 to correct any errors or changes in your use tax liability.