TaxConnex

JANUARY 13, 2022

Minnesota has updated its guidance for calculating sales tax on certain online discounts, including online deals and cryptocurrency. Also, gift cards and cryptocurrency are a form of currency and should be treated as cash for sales tax purposes. billion, an increase of $3.26 billion, or 30.5%, more than total FY 2020 collections.

Sales 196

Sales Utah Tax Wisconsin 196

TaxConnex

SEPTEMBER 7, 2023

Definitions For Federal income tax purposes, according to the IRS , tax-exempt organizations include: Charitable: Organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, educational or other specified purposes. But as always with sales tax, rules vary state to state.

Sales 147

Sales Tax Non-Profits North Carolina 147

CPA Practice

FEBRUARY 9, 2024

Now, the District of Columbia and most states allow some form of online sports betting, while another nine states only allow retail sports betting. Sports betting is illegal in Alabama, Alaska, California, Georgia, Hawaii, Idaho, Minnesota, Missouri, Oklahoma, South Carolina, Texas, and Utah. Usually, the payer (e.g.,

Gambling 122

Gambling Tax Sports South Carolina 122

TaxConnex

JULY 12, 2022

There’s always something changing in the world of tax, especially sales tax. Colorado will begin imposing a 27-cent fee on every retail delivery made by motor vehicle to a destination in the state, beginning July 1. For retailers that can’t include the?required its Sales Tax Bulletin No. required statement?on

Sales 177

Sales Tax Oklahoma Illinois 177

ThomsonReuters

OCTOBER 20, 2020

The results of the Checkpoint Catalyst Survey of States’ Approach to Temporary Telecommuting survey show that the business tax consequences of COVID-19 telecommuting for companies large and small are unclear in most states. At issue in these circumstances is the concept of a tax nexus , or connection, with the state.

South Dakota 40

South Dakota Sales Tax Rhode Island 40