It is April 16th, a day that most accountants hate but gleefully look forward to, nonetheless. Since April 15th, “Tax D-Day” fell on a Sunday, midnight tonight is when it all comes to a screeching halt. But if you are a state and local tax geek, this is certainly the week we have been waiting for our entire careers.
The Supreme Court of the United States is going to hear the potentially landmark case of South Dakota v. Wayfair, which may in fact overturn the physical presence standard established by the Court over 25 years ago in Quill. With that introduction and my full attention required to assist with last minute tax filings (mainly, my own) and the need (as well as the desire) to monitor every possible development regarding Wayfair, I leave you with a very relevant blog “rerun” that sums up the problem.
Readers should note, Amazon now collects sales tax in every state that imposes one.