Articles and Tax Tips
Under most state laws any retailer generating in-state revenue from selling goods must pay sales taxes. In recent years the nexus requirement has been expanded, and now a tax amnesty involving half of the 50 U.S. States expires next week. Let's look at what you need to know.
In a case potentially headed to the U.S. Supreme Court, South Dakota has sued Wayfair, Overstock, and Newegg under the state's economic nexus law. Read on for more about the huge sales and use tax implications for U.S. businesses generating revenue in multiple states.
For the first time since December of 2014 we are now looking at an impending new Form W-9. This development was presaged by the July 24th release of a brand new Draft Form W-9 (dated November 2017). This month let's take a look at the two biggest changes on the new W-9.
Validating Forms W-9 is never a dull experience, especially when it comes to LLC's and the W-9's two very different LLC specific boxes. This month let's examine exactly which box should be checked on a W-9 received from your Single-Member LLC payees.