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Cook County Court Blocks Sweetened Beverage Tax

Just a day before it was slated to take effect, a Cook County Circuit Court granted an emergency motion that temporarily bars the enforcement of the Sweetened Beverage Tax. The ordinance, which was passed last November, would have imposed a $.01 per ounce tax on virtually all sales of sweetened beverages (and beverage syrups) in […]

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Louisiana qualifies agricultural exemptions: feed, seed, and fertilizer

Senate Bill 97 (Act No. 378) qualifies the Louisiana sales and use tax exemptions for certain agricultural items.  Effective January 1, 2018, sales of seeds used for planting crops, pesticides used for agricultural purposes, liquefied petroleum gases used for farm purposes, and commercial farm irrigation equipment will only be exempt when made to commercial farmers.

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Louisiana exempts coins and precious metals.

Under House Bill 396 (Act No. 340) Louisiana will permit full exemptions from sales and use taxes for platinum, gold, or silver bullion, valued on its precious metal content; numismatic coins with a sales price of no more than one thousand dollars; and numismatic coins sold at a national, statewide, or multi-parish numismatic trade show. […]

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Colorado Finalizes Emergency Rule on Reporting for Non Collecting Retailers

As previously reported in this forum, on July 1, 2017, Colorado’s long anticipated notice and reporting requirements for non-collecting retailers goes into effect. In the last few days, Colorado moved to finalize the details as to how the rule will be enforced, which are described in Emergency Rule 39.21-112.35. This law requires retailers that do not […]

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Delaware Advances Filing Due Date for 1099-MISC

Filing extended for 1099-MISC Forms reporting non-employee compensation now in line with federal calendar.  Delaware recently amended legislation pertaining to information returns, and part of this legislation advances the filing due date for 1099-MISC forms reporting non-employee compensation in Box 7. This brings the filing deadlines in line with the federal calendar. 1099-MISC forms with Box […]

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IRS Reminds Financial Institutions to Renew FFI Agreements

The IRS released an updated FFI Agreement for Financial Institutions with FATCA obligations on December 30, 2016. Those FFIs whose agreements expired at the end of last year, and that wish to retain their GIINs, are required to renew their FFI Agreements. They can do so through the FATCA FFI Registration System. The FFIs will be […]

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IRS Releases Drafts of Form W-8IMY and Instructions

The IRS has published draft versions of its revised Form W-8IMY, Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax Withholding and Reporting, and instructions for filers of this form. There are a number of significant updates to this form of which filers should be aware: Qualified Derivatives Dealers […]

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How Leading Retailers Use Sales Tax Technology to Enable Growth

Sales and Use Tax Process: Benchmarks and Best Practices for Retailers Webinar Recap Thank you again for joining us on June 14 for our latest webinar, “Sales and Use Tax Process: Benchmarks and Best Practices for Retailers.” Mark Christenson and I shared results of a recent Aberdeen Benchmark Study revealing the unique challenges retailers of […]

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Senate ACA Replacement Bill Would Eliminate Mandate Penalties but Maintain Employer Reporting Obligations and Penalties

The Senate has proposed legislation that would nullify penalties for the individual and employer mandates. However, it would not repeal IRS reporting obligations under IRC §§ 6055 and 6056 or nullify penalties under IRC §§ 6721 and 6722. Accordingly, any employer or insurer that does not issue and file the relevant 1094 and 1095 forms […]

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Massachusetts Revokes Nexus Directive 17-1 Before it Takes Effect

Just two days before it was slated to take effect, the Massachusetts Department of Revenue revoked the highly controversial Directive 17-1 that sought to extend sales tax collection and remittance responsibilities on internet vendors that licensed software to Massachusetts customers, used cookies or contracted with marketplace providers located in the state. While Directive 17.2 revoking the earlier guidance is […]

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Virginia Releases Updated Electronic Payment Guide

Virginia has lately released an updated copy of its Electronic Payment Guide.  This guide details the instructions necessary to complete an ACH payment to the Department of Taxation.  No material changes were made to instructions for filing or paying taxes related to withholding or information returns.  Some changes were made to the instructions for filing […]

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South Carolina Releases Updated Withholding Tax Coupon

South Carolina recently released an updated Form WH-1601, Withholding Tax Coupon. This form/coupon is used to submit payment to the South Carolina Department of Revenue. This form/coupon also has an electronic counterpart on the South Carolina MYDORWAY online portal for those who make their payments electronically. There was one minor change to the preliminary instructions […]

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South Carolina Releases Updated Interest Rates for Overpayments and Underpayments

The South Carolina Department of Revenue recently published Information Letter #17-9, detailing interest rates for overpayments and underpayments relating to withholding tax through September 2017. South Carolina publishes these Information Letters periodically throughout the year, and these letters are the primary method of notifying the taxpaying public about changes in withholding tax interest. The effective […]

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Can You Reasonably Rely on Artificial Intelligence to Create a Compliant Invoice?

No one really knows what percentage of today’s invoices are noncompliant with VAT law. Given the complexity and rate of change in VAT law, there is an almost unlimited set of possible nonconformities on the scale between outright fraud and clerical errors. One big problem is that it is often very difficult to gather all […]

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Can Artificial Intelligence Facilitate B2B Automation and Compliance?

Twenty years after IBM Deep Blue beat Garry Kasparov in a series of famous chess games, another computer program, AlphaGo by Google DeepMind, won against Lee Sedol, a top professional player in the very complex ancient game of Go. In 2011, between these two landmarks, we saw IBM’s Watson win against former champions in Jeopardy. […]

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Compliance Challenges for ”Legacy B2C” E-Commerce Solutions Moving into B2B

We are seeing a lot of vendor scope evolution on the market. Examples include EDI vendors that are developing business network-style services; another one is that platforms focused on procurement of indirect supplies are moving into strategic sourcing and vice versa. A trend that receives less attention from analysts and specialized press is the journey […]

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Blockchain Impact on B2B Automation

There is much speculation about the potential of blockchain in the context of B2B automation. This speculation normally focuses on open or public blockchains, which are distributed databases where different types of transactions can be securely recorded and transparently verified by all parties without depending on a trusted third party. The scheme was first used […]

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I Want My Beer Direct-to-Consumer

Many years ago, long before I joined ShipCompliant and entered the wild world of alcohol beverage regulation, I had the pleasure of attending the Great American Beer Fest in Denver. At this wonderful event, hundreds of breweries from across the country–and the world–come to showcase their beer.

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