Sales Tax Acumen

Offering expansive tax consulting and tax technology services for local and global companies, YETTER works closely with financial and tax department leaders to translate complex issues, craft high-level strategies, evaluate solutions and train tax teams, then partners with trusted companies to execute implementation. Do you have a pressing sales tax question and don’t know where to turn to for expert advice? Get your question answered with a 1 hour private and personal phone consultation with leading sales tax expert Diane Yetter. Click here for more details.

The Multistate Tax Commission (MTC) had negotiated a special deal for online sellers that may have sales and income tax obligations from previous unpaid taxes in 25 different states. The MTC put together a special amnesty initiative program for online sellers that ran from August 17, 2017 to November 1, 2017. The program is now over. If you didn’t take advantage of the program but realize you need to evaluate your activities, you can contact us here.

CORE SERVICES
PARTNERED SOLUTIONS

Voluntary Disclosure & Sales Tax Registration Assistance

Once you’ve established sales tax nexus in a particular state, you are required to register before beginning to collect sales tax from your customers and (along with any use tax obligation) remitting such tax to the state. We, along with our consulting partners, can assist you with registration, including such services as providing appropriate forms, reviewing forms before they are submitted or completing of the forms for you.

But be careful—registration can also be costly! If you’ve determined that nexus was established in a past period, simply registering will expose your earlier responsibilities. In other words, a state can go back an unlimited number of years and assess tax, penalties and interest on all unfiled tax return periods, back to the first day when nexus was established. However, there is a procedure called voluntary disclosure that allows you to negotiate with the state to limit your liability before you register. Based on the number of open periods and estimated liability exposure, we can help you select the best compliance approach, including registration, voluntary disclosure agreements or, if available, open amnesty programs.

Voluntary disclosure agreements may be especially beneficial if the number of open tax periods or estimated tax liability is significant. These agreements, typically negotiated on an anonymous basis, will limit the number of years you have responsibility and close previous periods. Penalties are typically waived. This alternative can, depending on your particular situation, substantially reduce your sales tax liability exposure. We can help you determine if this is an appropriate solution and develop a compliance strategy.

Contact us to discuss our voluntary disclosure services and the various roles in which we can assist you.

“The partnership we have with YETTER has made it very easy to understand what our responsibilities are when it comes to sales and use tax. They have increased our comfort level with a very complicated topic and given us the confidence that we are doing what needs to be done.”

—Brenda Mowle, Equity Marketing/UPSHOT