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