For web-based businesses, sorting out online sales taxes comes down to separating myth from reality.
Businesses are effectively tax collectors when it comes to sales tax. The tax is not levied on the business, but rather on the customer. But it is the obligation of businesses to collect the tax and remit it to the state — or face penalties for not doing so. With more than 8,000 state and local sales tax jurisdictions, this obligation can seem overwhelming.
Here are common myths surrounding sales tax collections.
Myth #1: Sales tax depends only on the location of the buyer.
Reality: Sales tax collection is based on whether a seller has a physical presence within a state. Usually…
Read more 4 Myths About Online Sales Tax Collection
Good tips, I def. did not know that the federal law on ecommerce was only temp. I bet alot of people are awaiting the outcome.
I think that if you read your State Tax Code very carefully you will find that the tax is actually levied against the retailer for the privilege of doing business in your state It is after all a privilege tax and as a citizen of the United States you have an unalienable right to buy, sell ,and possess personal property, without interference by state