Sales tax amnesty program explained – webinar for sellers
What you need to know about the Online Marketplace Voluntary Disclosure Initiative from the Multistate Tax Commission (MTC).
Twenty-four states have joined a new program that gives qualifying online sellers the chance to begin filing sales tax without paying penalties or back taxes. The move is part of a broader effort across the U.S. by states that hope to expand their sales tax revenue from online sales.
The window to participate is brief (August 17 to November 1). No online seller, particularly Fulfillment by Amazon (FBA) merchants, can afford to miss the chance to educate themselves about the program.
In this webinar, Michael Fleming, director of Peisner Johnson, and Scott Peterson, Vice President of U.S. Tax Policy and Government Relations for Avalara addressed these topics:
- Factors for sellers to consider if weighing the decision to apply for amnesty
- Eligibility for amnesty
- What to expect from states hoping to expand their sales tax revenue
- How to move forward with the Voluntary Disclosure process