Sales and use tax is in the spotlight recently with the U.S. Supreme Court decision on South Dakota v. Wayfair which opens the doors for states to have the ability to require online retailers to collect sales tax.
With each state having its own body of legislation around sales and use tax, it doesn’t take much for an organization to find itself out of compliance which could result in hundreds of thousands of dollars in additional costs.
Many states establish amnesty programs to help taxpayers to get back in compliance. These programs are typically available for limited times and have strict dates that must be adhered to in order to receive the benefits. The Sales Tax Institute recently released a chart showing the sales tax amnesty programs by each state. The chart includes current, recent and upcoming programs for each participating state.
“Depending on which states you operate in, these amnesty programs can be of great benefit”, said Chris Gallo, Sales and Use Tax Manager. “It can be an easy way to get your organization out of the crosshairs for a potential audit and get back on solid footing.”
The BerganKDV Sales and Use Tax team brings in-depth, specialized knowledge of sales tax compliance across all 50 states. To learn more about how we can help uncover not only potential exposure but also opportunities to obtain refunds on overpaid sales tax, start here.