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Amazon to Collect Sales Taxes Nationwide Starting April 1st

(posted: March 28th, 2017)

This is no April Fool's Day joke: As of April 1, 2017, Amazon will begin collecting sales tax from consumers on a nationwide basis. Thus, the giant online retailer has effectively conceded defeat in its prolonged fight to avoid the fate of its bricks-and-mortar competitors.

The final nail in the coffin was a long time coming. Initially, Amazon contested governmental regulations requiring it to collect states sales taxes, arguing that it should not be have to meet this responsibility in states where it didn't have a physical location. However, over the course of several years, the online retailer appears to have become resigned to the inevitability.

Amazon has, over time, been adding states to the list of where it collects taxes; this last round adds Hawaii, Idaho, Maine and New Mexico.

Read the rest of the article at CPA Practice Advisor.

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