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State and Local Taxes: Will You Have More Compliance Soon?

January 13, 2018 // R. Shawn McBride

State and Local Taxes: The US Supreme Court will hear a case later this year on the collection of taxes by out of state businesses.
 
Speculation is they may overturn the Quill case which is the one that required presence in the state in order to require the seller to collect tax. This is in line with the increasing attempts by states to ask for sellers to pay/collect tax in more and more situations.
 
Bottom line is the issue remains a mess, particularly for small businesses who may sell a small dollar amount per state but be subject to the rule anyway.
 
Keep up with your accountant.
 
Here’s a summary of the proceedings in the US Supreme Court. You’ll see a lot of heavy hitters are lining up to take positions each way.
 
http://www.scotusblog.com/case-files/cases/south-dakota-v-wayfair-inc/