- #What is my colorado acount number for my 1065 tax return full#
- #What is my colorado acount number for my 1065 tax return trial#
#What is my colorado acount number for my 1065 tax return trial#
We hold the trial court was in error and reverse. The district court reversed the Department's deficiency assessment and entered judgment allowing the claimed credits, and ordered the deficiency assessment including interest and penalties set aside. The Department disallowed the credits being taken by the Dealer and after administrative hearing determined the Dealer to be deficient in sales taxes unremitted in the amount of $6,047.96. The claimed credits were calculated on the deficiency remaining on installment notes which had become *1065 delinquent and which the Dealer took back from the bank and on which the Dealer had repossessed the mobile homes. In a period of a little over three years extending from April 1964 through August 1967, the Dealer began taking various credits on its remittances of sales tax to the Department. If the Dealer did not collect the tax, the purchaser must pay it direct to the state in order to obtain title.
#What is my colorado acount number for my 1065 tax return full#
Title will not issue to the vehicle except on showing of the payment of the full sales tax.
Transfer of title to the vehicle is made at the time of the sale pursuant to statutes regulating the sale and transfer of motor vehicles, including mobile homes. On each sale the total sales tax is charged to the purchaser at the time of the sale and a receipt is issued to the purchaser showing full payment of the sales tax. The sale of the mobile homes is usually on note and chattel mortgage which are discounted to a Pueblo bank, but which the dealer guarantees in the event of default. Modern Trailer Sales is licensed as a motor vehicle dealer engaged in selling new and used mobile homes. We hold the trial court erred, and reverse the judgment. We will refer to the plaintiff in error, the Department of Revenue, as the Department, and to defendant in error as the Dealer. The Department of Revenue of the State of Colorado is in this court seeking to reverse a judgment of the trial court holding that Modern Trailer Sales is entitled to refund of sales taxes paid on certain installment sales of mobile homes. Halaas, Jr., Pueblo, for defendant in error. MODERN TRAILER SALES, INC., a Colorado corporation, Defendant in Error.ĭuke W. Heckers, Executive Director thereof, Plaintiffs in Error, STATE of Colorado, DEPARTMENT OF REVENUE and John H.