We are often asked if one has to pay taxes when selling goods or services online. That question became even more relevant this week when the IRS postponed the new “$600 Rule.” This is a particular relief for those wo receive payments through popular third party payment applications such as...
California Homeowners are in Washington’s Tax Overhaul Crosshairs
California homeowners are in Washington's tax overhaul crosshairs if the proposed tax bill became law today. The proposed tax reform would eliminate mortgage deductions for loans above $500,000 according to the Wall Street Journal which could have a substantial impact on California real estate markets. Here in San Diego 37%...
Amazon Faces a South Carolina Use Tax Battle With Huge Implications
Amazon faces a South Carolina use tax battle with huge implications for the multinational corporation and all firms and individuals who conduct business on the internet. The key question in the dispute is the collection of sales tax or "use tax" on sales made by third party merchants on Amazon's...
More Trouble for the California Board of Equalization
There is more trouble for the California Board of Equalization or BOE on the immediate horizon. The California state agency is responsible for the collection of one-third of all California taxes including sales and use taxes, while carrying responsibility for many property tax issues as well as over 30 other...