Illinois CPA Society
Illinois CPA Society Education Center
Click here for more info and to register.
On June 21, 2018, the US Supreme Court issued the most important sales tax decision in the last 25 years. Overruling 50 years of precedent, the Court ruled that a remote seller can be required to collect a sales or use tax even if it is not physically present in a state. This session will explore the ramifications of the decision, including how states are reacting and what issues your clients are confronting. Despite articles to the contrary, Wayfair is just one of the various components which make up "nexus" and whether or not you need to become a tax collector in other jurisdictions.