State Taxes: Reporting and Notification Regimes

February 5, 2018

As states continue to enact legislation in an effort to raise additional tax dollars, both in-state and out-of-state businesses must stay updated on ever-changing laws to avoid costly late payment assessments. One such requirement enacted by a small number of states is a notification regime requiring out-of-state businesses who lack a physical presence in a state to report sales and/or notify customers on potential sales and use tax liability. Failure to comply with these reporting requirements can result in potentially severe penalty assessments to the seller business.

Click here to see a summary of states having such requirements.

We hope you find this information valuable. If you have any questions about how it may affect your specific business, please contact us.

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