Wayfair Chart – Sales Tax & Selling Out of State
With last year's Wayfair ruling on sales tax collection, dealers can expect heightened enforcement actions in the coming year. The ruling tied sales tax collection to sales volume and the number of transactions.
HBK CPAs & Consultants released an updated Wayfair Tax Chart. This reference tool can be used by dealers to comply with the Wayfair statutes in effect in the various states.
Lance Formwalt details ways to evaluate risk and update sales tax exemption record-keeping in the March|April 2019 FARWEST Dealer.