Likes Likes:  1,085
Dislikes Dislikes:  3
Results 1 to 10 of 742

Thread: Killer Deals Thread

Threaded View

Previous Post Previous Post   Next Post Next Post
  1. #11
    Graduate
    Join Date
    Sep 2013
    Posts
    1,300
    https://www.vertexinc.com/solutions/...iAAEgJRLPD_BwE
    The basic rule for collecting sales tax from online sales is: If your business has a physical presence, or “nexus”, in a state, you must collect applicable sales taxes from online customers in that state. If you do not have a physical presence, you generally do not have to collect sales tax for online sales


    https://turbotax.intuit.com/tax-tips...lers/L4uTQCaIx
    When you are obligated to collect sales tax online

    The basic rule for collecting sales tax from online sales is:

    If your business has a physical presence, or “nexus”, in a state, you must collect applicable sales taxes from online customers in that state.
    If you do not have a physical presence, you generally do not have to collect sales tax for online sales. However, in June of 2018, the U.S. Supreme Court issued a ruling that will likely change this exemption to collecting sales tax. States are expected to begin collecting sales taxes regardless of having a physical presence in the state.

    A physical presence means that you have some business facility in that state. It could be any type of business operation, such as:

    A storefront
    An office
    A warehouse


    And then there are States like New York, that will go after anyone anywhere and try to screw them for any kind of 'Tax' money.

    Add: We got to see The Fabulous Thunderbirds 'Live' while we were stationed in Fort Hood Texas. (Yes the one they want to rename because The base was named for John Bell Hood, a Kentucky-born West Point graduate who resigned his commission in the United States military and became a Confederate cavalry captain after the Civil War began in 1861)

    Last edited by Arcwelder; December 16th, 2020 at 06:37 PM.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •