Turning

Subject:
Yes, but...
Response To:
Re: Do you sell online? ()

Ed Davidson
Old law: If you don’t have a presence in a state, then you are NOT required to collect sales taxes. In my state (Colorado) for example, if you sell less than $1000 worth of goods online or otherwise to buyers residing in the state, you are exempt from collecting sales tax. If you sell more than $1000 annually, you must apply for a sales tax collection license from the state, which in some cases, requires posting a cash bond.

New law, effective today: who knows...literally everything from this point forward is subject to change. For example, some states have a "de minimis" (too small to mess with) annual sales threshold of $100,000, where they do not enforce penalties on sellers who do not collect their taxes. But, there's nothing to stop states from lowering that threshold.

© 1998 - 2017 by Ellis Walentine. All rights reserved.
No parts of this web site may be reproduced in any form or by
any means without the written permission of the publisher.

WOODCENTRAL, P.O. BOX 493, SPRINGTOWN, PA 18081