Economic Nexus
Income Tax Many businesses are utilizing current technology to increase sales and market share without having to leave their buildings. Most tax accountants would reason that no new state tax liabilities have been created by these businesses because they have not left the state. However, some states may not agree. Companies have relied on the […]
States Implementing New Sales Tax Filing Requirements Following Wayfair Decision
In the wake of the Supreme Court’s landmark decision in South Dakota v. Wayfair, Inc. on June 21, 2018 overturning the physical presence nexus standard for sales tax, many states have been moving quickly to implement new sales tax filing requirements similar to the legislation enacted in South Dakota that does not require a seller have physical […]
Supreme Court to Revisit Sales Tax Collection Issue
On January 12, 2018, the Supreme Court of the United States granted certiorari in the case of South Dakota v. Wayfair, Inc., which could likely determine the future of the physical presence requirement for sales tax collection, which was reaffirmed by the Court in their 1992 decision of Quill Corp. v. North Dakota. For over 25 years, […]