TaxConnex
JANUARY 11, 2022
The United States is a galaxy of shipping, handling and delivery rules when it comes to sales tax. All shipping incurs sales tax in Kansas, for instance, and ditto (generally) in the District of Columbia. Shipping does not incur sales tax in Missouri. Shipping is not taxed in Nevada, but handling is.
TaxConnex
SEPTEMBER 26, 2023
These thresholds vary state to state and change often, with Missouri being one of the latest to enact economic nexus. Usually all retail sales of tangible personal property (TPP) are taxable, but many states have started to tax services. Taxability.
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Anders CPA
AUGUST 22, 2023
The DED will establish the procedure for claiming the tax credit and will certify eligible applicants to the Missouri Department of Revenue. Anders State and Local Tax advisors keeps a close eye on evolving legislation around tax credits and incentives. Genesis Clay, tax intern, contributed to this article.
Withum
JULY 18, 2022
Out-state sellers, also called remote sellers, must collect and remit sales tax on goods and services sold in all states, even if they do not have a physical presence. To complicate matters, all states that impose a sales tax, except Missouri, which will be in effect in 2023, enacted an economic nexus standard of its own.
TaxConnex
JANUARY 24, 2023
Stating the shipping cost separately on the invoice, for instance, affects taxability in Alabama (as does how the item is delivered), Arizona, Iowa, Maryland, Massachusetts (if the shipping cost “reasonably reflects” the vendor’s real cost), Missouri and Wisconsin – but not in Tennessee.
Cherry Bekaert
JULY 23, 2024
Over the past decade, the Company has leveraged its expertise in the use of tax credits and related incentives to bring real estate directly to investors. The Company is headquartered in Missouri, with properties and real estate deals across the country.
ThomsonReuters
MAY 3, 2023
A tax services director in Washington D.C. says that the Treasury Department’s proposal to clarify the tax treatment of on-demand pay arrangements makes it “clear” that the IRS is concerned with the constructive receipt issue of this trending employee benefit.
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