Archive for Sales Tax
The What’s Next For Internet Sales, Internet Sales Taxes and Internet Affiliate Marketing?
It’s Called the Marketplace Fairness Act Illinois Senator Dick Durbin is one of the Senators who introduced Internet Sales Tax Reform through the Marketplace Fairness Act which, according to the Act is designed to “restore States’ sovereign rights to enforce State and local sales and use tax laws, and for other purposes.” The Act establishes [...]
State Cracks Down on Gas Station Sales Tax Evasion
Within the last 18 months the Illinois grand juries have indicted 14 gas station operators, charging they withheld a portion of the sales tax they owed to the state. Attorney General Lisa Madigan has said more than one-fourth of Illinois gas station operators have underreported their fuel taxes. Along with the Illinois Department of Revenue, [...]
The Affiliate Tax, Then and Now
In 1992 the Supreme Court ruled in a case about mail order that a state could not charge sales tax on an out-of-state company unless that state had sufficient nexus within that state. The gold standard since then has been a brick and mortar presence. Companies with physical stores in a state charge sales tax [...]
Sales and Use Tax in Illinois
It can be helpful to think of sales tax and use tax as mirror images of each other. They’re closely related and they’re generally two ways of getting at the same thing. In both cases the state is collecting a tax on a purchase or a service. The main difference is whether that tax appears [...]
Before the debt ceiling we were talking about sales tax
With the debt ceiling raised and the beginnings of a compromise on dealing with the long term US debt laid down–and thus far, these plans do not include any of the rumored tax changes such as the elimination of the AMT fix–the world of tax has turned its focus back to the issue on online [...]
Nexus
For a family owned shop on Main Street, their sales tax situation is relatively straightforward. They are required to collect and remit to the appropriate authorities the applicable sales tax for their state, their city, and the other municipalities they may fall within. (This is tax we’re talking about, so the emphasis really needs to be on [...]
Sales Tax Update
It wasn’t all that long ago when income tax was the main topic of conversation in the world of tax. Especially in Illinois, once the national debate over the Bush tax cuts ended, we got the new debate about Illinois raising its income taxes. But now, sales tax is definitely the main issue, specifically the [...]
Nexus
For a family owned shop on Main Street, their sales tax situation is relatively straightforward. They are required to collect and remit to the appropriate authorities the applicable sales tax for their state, their city, and the other municipalities they may fall within. (This is tax we’re talking about, so the emphasis really needs to be on [...]
Sales Tax and Use Tax
Most of us understand sales tax fairly well. Buy something in Illinois and Illinois sales tax will show up on your receipt, as well as other municipality taxes. Use tax is not generally as well understood, probably because, although we’ve all technically owed it for years, until its recent budget problems, the state of Illinois [...]
What it takes to become a non-resident
Plenty of people in Illinois are starting to wonder, in light of the changing tax landscape, if it might be beneficial to become a non-resident of Illinois, to relocate themselves or their business to another state to a sufficient degree to avoid Illinois taxes. While this may be a sound plan for some people (that [...]