Wednesday, June 23, 2010

What happens if I do not register sales tax voluntarily?

The member states exchange information on businesses and their interstate transactions. If you make sales into a member state and do not register, that state could audit you. If your business presence is established in any other member states, you may be liable for all unpaid taxes, penalties, and interest. If you do not have a business presence in a state and do not voluntarily register to collect the tax, your customers could be billed for the use tax, penalty, and interest on their purchases.

To read more! What happens if I do not register sales tax voluntarily? Source: InfoTaxSquare Business Documents Filing In All Fifty States!

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