Tax & Accounting Blog

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IRS Resources for Identifying Tax-Exempt Organizations

A tax-exempt organization is an exempt recipient for purposes of tax information reporting, being generally exempt from being reported on a Form 1099.  The organization generally claims this exempt status on the Form W-9 it furnishes to you.  But, if you do not have a W-9, an alternate rule permits a payor to treat an … Read More

California passes Amazon tax law effective July 1st

California passes Amazon tax law effective July 1st

California passed affiliate nexus tax legislation yesterday (AB 153, AB 155 and SB 234).  Effective July 1st, the new rule requires out of state retailers to collect sales tax on purchases made over the internet by their California click-through customers.  California is the largest state to pass such legislation and now joins several other states … Read More