Sales Tax FAQs #6
Sales Tax & More
Does any FBA seller have to pay income taxes in any state where their inventory is stored Why can’t you register prospectively in Illinois and some of the other states? Would you do a VDA if you have an acquired entity with long-term exposure due to an employee working in the state and they don’t have detailed sales data from the legacy accounting system? What are the chances of a state finding a foreign company with any sales tax liability?
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Sales Tax FAQs #5
Sales Tax & More
What type of documentation should a vendor collect from their customers that claim they do not meet the economic nexus for a specific state? What is the best way to resolve sales tax collected in the wrong states? Is it the seller’s or purchaser’s responsibility to make sure use tax is paid?
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Sales Tax FAQs #4
Sales Tax & More
Alaska Registration & VDA Why would you do a historic registration instead of a VDA? Can free items from a vendor be subject to use tax in a state? Can certain exemption certificates be dated retroactively?
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Sales Tax FAQs #3: Physical Presence
Sales Tax & More
The basics of determining physical presence when it comes to sales tax. Does physical presence matter for sales tax? What should someone do once they’ve determined they have physical presence for sales tax?
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Sales Tax FAQs #2
Sales Tax & More
What implications do states eliminating their sales tax transaction thresholds have for sellers? What is a retail delivery fee? And do people need to be worrying about it? What is the difference between an amnesty and a VDA?
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Sales Tax FAQs
Sales Tax & More
When does someone need to register to collect sales tax? What is nexus? What’s the difference between sales and use tax?
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The Cardinal Sin of Sales Tax
Sales Tax & More
Why do we call sales tax collection without remittance the cardinal sin of sales tax? Are people doing this on purpose? How do people find themselves in this situation? What should someone do if they find themselves in this situation?
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Deregistrations
Sales Tax & More
The dangers of working with a software company to perform services. What is a deregistration? Why would someone want to deregister if they’re not switching an entity? Is deregistration an easy process? Are there circumstances where you would not want to deregister? 3 Things STM does when doing a deregistration process.
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Exemption Certificate Management (ECM)
Sales Tax & More
Why are certificate issues the leading cause of large assessments for companies required to collect them? What is the importance of exemption certificate management documentation in an audit? What is one of the biggest mistakes companies make when it comes to ECM?
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Why are software companies registering their clients in too many states?
Sales Tax & More
Why are companies registering their clients in too many states? Is it a problem of too many or not enough when it comes to state registrations? What are the issues with either of those problems?
info_outlineAs a buyer… what sales tax liability issues should someone be on the lookout for when it comes to mergers and acquisitions?
Have we seen anyone walk into trouble because they didn’t know what to look out for?
How does a buyer do their due diligence in the sales tax arena for a merger or acquisition?