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Oct 14, 2018 2:17 PM UTC

sales tax

when a company sells to other states, how does it need to report sales tax?

    2 replies

    Raywhite28
    Oct 14, 2018 9:18 PM UTC

    Since the Supreme Courts ruling on South Dakota vs Wayfair 24 states have done the following.

     

    You need to read it & then talk to your accountant. You can be on the hook for not collecting sales tax when you should have been doing so.

     

    https://www.state.nj.us/treasury/taxation/remotesellers.shtml

    Regina_Lend_A_Hand_Accounting
    Oct 14, 2018 10:37 PM UTC

    You should report your gross revenue and deduct the out-of-state sales on your state B&O tax return according to the department of revenue rules for your state.