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Sales tax and Marketplaces: Who owns the responsibility?

TaxConnex

(Marketplace facilitators can also be called on the carpet just like individual remote sellers can if they fail in sales tax obligations, as happened recently to Amazon in South Carolina.) Note that a facilitator such as Amazon might also have warehouses in many states to store the inventory of its sellers.

Sales 228
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How the 50 States Rank By Lifetime Taxes

CPA Practice

The table below shows a state-by-state breakdown of the average lifetime earnings compared to estimated lifetime taxes, and the percentage of earnings that will go toward tax payments, according to Self Financial: State Lifetime earnings Lifetime taxes % of earnings New Jersey $1,818,191 $987,117 54.3% New York $1,658,872 $748,199 45.1%

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The latest on sales tax on shipping charges (part 1)

TaxConnex

Connecticut, Georgia, Michigan, North Dakota, South Carolina, Tennessee, Texas, Vermont, Washington, West Virginia and Wisconsin follow this rule. Among states with sales tax, shipping generally incurs sales tax in the District of Columbia, Kansas and New Mexico.

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CPA Exam Candidates: You Better Hurry Up and Apply For BEC Before It’s Gone Forever

Going Concern

Candidates sitting for BEC for the first time in the following jurisdictions have until Sunday, October 1 to apply for this section: Alaska Arkansas California Colorado Connecticut Delaware DC Georgia Guam Hawaii Illinois Indiana Iowa Kansas Louisiana Maine Maryland Massachusetts Michigan Minnesota Missouri Montana Nebraska New Hampshire New Jersey (..)

CPA 110
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Sales Tax on Shipping: When Does it Apply?

TaxConnex

When only some of the contents of a shipment are taxable, the shipping charges must be pro-rated in Minnesota, New Jersey, North Carolina, North Dakota, Ohio, Rhode Island, South Dakota, Vermont, Washington and Wisconsin (where a “reasonable allocation” is required).

Sales 180
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How the 50 States Rank By Tax Burden

CPA Practice

The following is how the states rank by overall tax burden, with No. 1 being the highest and No. The following is how the states rank by overall tax burden, with No. 1 being the highest and No.

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How the 50 States Rank By Tax Burden

CPA Practice

The following is how the states rank by overall tax burden, with No. 1 being the highest and No. The following is how the states rank by overall tax burden, with No. 1 being the highest and No.