Internet retailers can (and should) collect sales tax.Every time we make a purchase at a bricks-and-mortar store, our purchase is subject to sales tax. That sales tax goes to our state and local governments to pay for police, schools, sports facilities, transportation projects, and more—all voted on by residents.Purchases made from internet retailers do not, by and large, include the same tax at the time of the transaction, even though it is actually due. This is because in 1967 and 1992 the Supreme Court said it would be too difficult for remote sellers to keep track of the thousands of tax codes across the country. Only if the remote seller had a physical presence in the customer's home state would the seller need to collect sales tax. Today, local merchants are at a disadvantage when they try to compete with internet merchants on price—unlike internet merchants, they must collect sales tax on every purchase. What’s more, state and local governments are losing sales tax revenue that, in this recession, could help save jobs and services. In 2011 alone, uncollected sales taxes will reach over $23 billion. Now TaxCloud makes it possible, even easy, for any retailer to collect sales tax in every jurisdiction across the country-and TaxCloud is completely free. The federal Main Street Fairness Act will allow states to compel online businesses to collect local sales tax. FedTax is committed to making it easy for businesses to collect sales tax—for free. Our TaxCloud service enables businesses to easily collect and remit local sales tax to their customer’s location, at no cost to merchants or consumers. Background | Learn about Streamlined Sales Tax | Where is TaxCloud?Are you looking for TaxCloud, our nationwide zero cost sales tax management system?  Go to TaxCloud right now to sign up for your free account so that you can begin collecting accurate local sales tax for your customers. if you have any questions at all, please call us at: 1-877-TAXCLOUD (877-829-2568) |
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