E-COM Sales Tax

Can I Just Register and Start Collecting Tax From Now Going Forward, Even If I’ve Been Making Sales in Prior Years?

February 07, 2019
E-COM Sales Tax
Can I Just Register and Start Collecting Tax From Now Going Forward, Even If I’ve Been Making Sales in Prior Years?
Chapters
E-COM Sales Tax
Can I Just Register and Start Collecting Tax From Now Going Forward, Even If I’ve Been Making Sales in Prior Years?
Feb 07, 2019
Andrew H. Johnson, CPA and Daniel M. Peisner, CMI
What do I do if I owe sales taxes from prior years?
Show Notes

Imagine that you’ve been in business for several years. Things are going along pretty well. By just surviving, you’ve been more successful than most businesses. And then you find out some terrible news about sales tax; you learn that because of “nexus” in prior years, you may actually owe back taxes and it might be a significant amount. This is money you don’t have. You didn’t collect it from your customers and you have no way of collecting it from them now, years after the fact. You simply do NOT have the means to pay the back taxes. What do you do? What are your options? Listen in as Andy and Dan discuss your different options and help you decide what to do.

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