Transcript
Page 1: Three Sales Tax Traps

3

Sales

Tax

Traps

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Page 2: Three Sales Tax Traps

Not realizing when states require you to

collect sales tax.

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#1

Page 3: Three Sales Tax Traps

Scholastic

thought they

had no nexus

in CT or TN

Now they

owe $3 mil to

CT and $5

mil to TN

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Page 4: Three Sales Tax Traps

Getting caught

by different filing

frequencies.

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#3

Page 5: Three Sales Tax Traps

In Florida, most taxpayers file

quarterly, but if you collect

more than $1000 in a year, you

have to file monthly.

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Page 6: Three Sales Tax Traps

Misplacing a state sales tax notice.

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#3

Page 7: Three Sales Tax Traps

A levy to your bank account or the sheriff at your business.

Failing to respond to a notice may result in . . .

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Page 8: Three Sales Tax Traps

11k TAX JURISDICTIONS

SHIFTING BOUNDARIES

CHANGING LAWS

MORE STATE AUDITS

IT IS NOT TOO LATE!


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