Internet sales will be taxed.Every time we make a purchase at a bricks-and-mortar store, our purchase is subject to sales tax. That sales tax goes to our state and local governments to pay for police, schools, sports facilities, transportation projects, and more—all voted on by residents.Purchases made at internet retailers do not, by and large, include the same tax, even though it is due. This is because in 1967 and 1992 the Supreme Court said it would be too difficult for remote sellers to keep track of the tens of thousands of tax codes across the country. Only if the remote seller had a physical presence in the customer's home state would the seller need to collect sales tax. Today, local merchants are at a disadvantage when they try to compete with internet merchants on price—unlike internet merchants, they must collect sales tax on every purchase. What’s more, state and local governments are losing sales tax revenue that, in this recession, could help save jobs and services. In 2010 alone, uncollected sales taxes will reach over $8 billion. Now that technology is making it possible for remote sellers to collect sales tax in every district across the country. Recently legislation has been proposed (H.R 5660) to allow states to compell online merchants to collet local sales tax. FedTax.net is committed to making it easy for online merchants to collect sales tax—for free. We recently launched TaxCloud, a service that allows online merchants to easily collect and remit local sales tax to thier customer’s home state and region, at no cost to merchants or consumers. Background | Learn about Streamlined Sales Tax |
Where is TaxCloud?Are your looking for TaxCloud, our brand new nationwide zero cost sales tax management system?  You can find TaxCloud on it's own internet URL at taxcloud.net Go to TaxCloud right now to sign up for your totally free merchant account so that you can begin collecting accurate local sales tax for your customers. if you have any questions at all, please call us at: 1-877-TAXCLOUD
(877-829-2568) |
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