Filing Requirements and Sales/Use Tax

By: Chris Coldiron, CPA, Tax Manager |  email

Recent surveys indicate that individuals and businesses purchasing goods over the internet are not properly remitting sales or use tax, many times in violation of state law (the estimated non-compliance rate in California was greater than 98%).  With states becoming more desperate for revenue sources to offset record deficits, this area becomes an easy target for state auditors.  If you are unsure of your state’s laws regarding the payment of sales or use tax for internet purchases, please contact us so that we may research the matter and advise you accordingly.

State auditors are also on the lookout for businesses that might have a filing requirement in their state that is not being met.  If your business engages in transactions outside your home state and you are unsure if this activity generates additional filing requirements, please contact us so that we may help you make that determination.