WAYFAIR/NEXUS TAX

In an effort to keep our IEDA Dealer Members up to date and informed on industry focused topics that directly impact their business, the links below are intended to offer insight and guidance into the current tax situations arising from the South Dakota vs. Wayfair ruling.

In addition to keeping this page updated, the IEDA will offer a monthly webinar on this topic for its member dealers beginning on July 1st. Check back for further details regarding this webinar series for IEDA Member Dealers.

The Supreme Court’s decision in South Dakota v Wayfair no longer limits states to the “physical presence” standard previously required to impose tax collection and remittance responsibility on a business. The new state nexus standards now look to criteria other than physical presence in evaluating a seller’s connection to that state. For example, South Dakota’s standard looks at revenue earned by sales to in-state customers ($100,000) or the total number of in-state transactions (200).

Understanding which states have enacted (or are about to enact) economic nexus standards, how those standards are articulated in each state, and having the systems and processes in place to keep up with changes is the key to maintaining tax compliance.

Sales Tax by State: Economic Nexus Laws

Published by: Tax Jar Written by: Jennifer Dunn

Your Beginner’s Guide to Sales Tax Nexus

Published by: Patriot Software    Written by: Mike Kappel

Navigating the Post-Wayfair Tax Maze: What’s Happening, What’s Next, and What’s at Stake

Copyright © by: Ballard Spahr LLP    Published by: The National Law Review

New TPT law for remote sellers and marketplace facilitators starting October 1, 2019

Copyright © by:  Arizona Department of Revenue 

Highly qualified speakers at recent IEDA events have provided us with resources that might be helpful to our members as they attempt to understand the complex new requirements and regulations stemming from the Wayfair ruling. Curtis Mayaji, CPA Senior Manager with Moss Adams and Charles Maniace, CPA and Tax Lawyer with Sovos Compliance joined us in Orlando and Phoenix to offer their insight and support. Their powerpoint presentations and Economic Nexus QuickChart can be found on this Member Resource page, attached for your reference.

Nexus & Multistate Sales/Use Tax Update

Published by: Moss Adams State and Local Tax Services 

Written by: Curtis Mayaji, CPA Senior Manager

NEW SALES TAX REQUIREMENTS FOR EQUIPMENT DEALERS

Published by: Sovos Compliance     Written by: Charles Maniace

Economic Nexus Quickchart

Published by: Moss Adams State and Local Tax Services 

Written by: Curtis Mayaji, CPA Senior Manager

South Dakota vs. Wayfair: One Year Later

Published by: Sales Tax Institute