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The complexities go far beyond just knowing the rates for each jurisdiction and arranging for payment. Naturally there's going to be a call for some kind of co
by mark-r 14y ago
The complexities go far beyond just knowing the rates for each jurisdiction and arranging for payment.
Naturally there's going to be a call for some kind of compliance testing. How are you going to catch the cheaters when you don't have access to their financial records, as you would if the business was in your state?
Even just the rates themselves can get complicated. Minnesota for example doesn't tax clothing or food, but the specifics of what's included aren't clear - candy bars for example aren't considered food and are taxed. How is somebody from another state supposed to figure this out even with software help?
- dragonwriter 14y ago> Naturally there's going to be a call for some kind of compliance testing. How are you going to catch the cheaters when you don't have access to their financial records, as you would if the business was in your state? The law allows for an audit by the levying state (but requires that it be a single audit, even if multiple taxes from multiple jurisdictions in the state are included in the consolidated tax collected on remote transactions.)
- mark-r 14y agoSo what happens when the stars align against you and 25 states decide to audit you at once?