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Senate Passed Internet Sales Tax - The Vote

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    Posted: May 07 2013 at 4:36pm
The Senate has passed the Internet Sales Tax. The tax, also known as the Marketplace Fairness Act, was passed in a vote of 69 to 27 on May 6th, 2013. The Act would require that online SMB’s who make $1 million or more a year to pay taxes in the states they are not physically located.

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jaymiskin2013 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jaymiskin2013 Quote  Post ReplyReply Direct Link To This Post Posted: Jun 07 2013 at 3:04pm
The issue of Internet Sales Tax was in hiring from the long time and finally the Senate has passed the bill. Before this people can freely trade online and sell goods as well as services but now they will pay the tax according to the rules and their earnings. It is applied on the people earning $1 million in one year and require to submit the returns within the specified time.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Vivian Moon Quote  Post ReplyReply Direct Link To This Post Posted: Jun 07 2013 at 4:11pm
I see this as an accounting nightmare on the businss community.
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