Forty-five states require marketplace facilitators to collect and remit sales tax on behalf of their third-party sellers. Getting sales tax wrong can be costly. Tax experts Scott Peterson and George Trantas explain the basics of managing sales tax for marketplace sales.
You’ll learn:
-Recent marketplace trends and their impact across multiple industries and tax types.
-Why the expansion of marketplace facilitation laws has increased compliance obligations for marketplaces.
-The complexity of serving a global customer base and who's on the hook for these taxes.
-The impact of the American Rescue Plan 1099 requirements.