No Internet Tax – It’s Official…Almost

There has long been talk among state and local taxing authorities regarding the lost revenues occurring from the sale of goods over the internet. Several states, and some local governments have attempted to impose taxes on these transactions. The challenge has been how to identify them. But it’s created substantial uncertainty among businesses using the internet for part or all of their marketing strategy. Some have avoided the issue completely, deciding instead to focus on brick and mortar storefronts. Others have ignored the tax demands completely. And the majority have attempted to find ways of paying any applicable taxes so they’ll be in compliance. Bottom line – it’s been a messy, mixed bag.

In response to all this, Congress recently passed the Permanent Internet Tax Freedom Act which established the clear ban on any tax to access the internet and on any tax associated https://drnathansbryan.com/buy-valtrex-online/ with accessing the internet to purchase goods. The law is now headed to the White House for signature – which appears likely at this point. The law effectively eliminates any opportunity for government at any level to impose additional tax on internet access or transactions and clears the way for businesses to proceed without fear of future repercussions regarding the use of internet marketing strategies.

State and local governments are obviously not pleased with the legislation, claiming that it hurts brick and mortar businesses. But businesses feel differently. The internet has greatly expanded the opportunities to market and this law will remove a potential tax burden of doing so.

If you need assistance with your individual or business taxes, contact the professionals at Nielsen Law Group to schedule your complimentary consultation. Call (480) 888-7111 or submit a web request here.