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What ‘Patchwork’ eCommerce Taxes Mean For Black Friday – And Beyond

PYMNTS

And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. At the same time, navigating tax policies is proving to be a complex business. States have been defining their parameters for economic nexuses. The hard part?

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Here’s Why Maryland Paid the IRS $5.4 Million in Taxes

CPA Practice

2—Maryland has paid $5.4 million to the Internal Revenue Service after a rare IRS audit of the state found it owed millions of dollars in taxes in 2020. I’m not surprised that mistakes are made because it’s very complex,” Handwerger said, referring to the practice of properly withholding taxes. million sum to the IRS.

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