Pandemic, high court create tax uncertainty for associations
- March 15, 2021 |
- WILLIAM EHART
Income from virtual trade shows could be subject to federal tax; states crafting patchwork of sales tax laws after Wayfair decisionDeeAssociations have two new tax wrinkles to think about: One because of a Supreme Court decision on state sales taxes and another because transactions at virtual trade shows could be considered unrelated business income.Sales taxes: The 2018 Supreme Court decision in Wayfair vs. South Dakota has implications yet to be fully realized. The court ruled that states can collect sales taxes even from online retailers, such as Wayfair, that have no property or employees in the state.States around the country are now grappling with their sales tax… Read More