Although the government shutdown appears to be over, at least temporarily, businesses will need to deal with the aftermath of the lengthy shutdown. One of the many unintended, and perhaps unforeseen, consequences of the shutdown was its impact on federal tax collection efforts. During the shutdown, Internal Revenue Service Revenue Officers who handle collection matters
In a long awaited decision reversing 26 years of existing precedent, on June 21st the United States Supreme Court ruled in South Dakota v. Wayfair, Inc., that states and other taxing jurisdictions could require out of state retailers to collect sales tax on online sales even though the retailers had no physical presence in the taxing jurisdiction.
Continue Reading United States Supreme Court Declares Open Tax Season on On-line Retailers