Michael J. Fleming is the founder and president of Sales Tax and More, a full service consulting and solutions firm with a passion for state tax. He is one of the country's leading authorities on sales tax issues such as consulting and research, registrations, returns, nexus, drop shipping, e-commerce, and service providers.
Michael is a renowned writer and speaker, and he regularly presents on webinars. He is also the host of the Sales Tax and More podcast, where he shares his wisdom and learnings to his audience in order to help them navigate the tricky world of taxes.
In this episode…
Many sellers are under the impression that they do not have to worry about the collection and filing of sales tax returns because they have not established a physical presence in a given state. This is, however, not the case. As sales tax expert Michael J. Fleming explains, economic nexus can still be established if the seller meets the threshold requirements of that particular state.
In recent years, some states have started to pursue and penalize the sellers that have defaulted on their sales tax. Although this was halted due to the COVID-19 crisis, these states will continue to reach out to sellers once the country returns to a level of normalcy. So what should you do to avoid back taxes, penalties, interest, and, in some cases, jail time? Michael J. Fleming has all the answers.
In this week's episode of the Sales Tax and More podcast, Michael J. Fleming sits down with his co-host Ellie Moffat to discuss why having physical presence matters more than ever when it comes to filing sales tax returns. Michael explains what sellers should do to reduce their amount of owed back taxes, penalties, and interest, and when it is appropriate to do a Voluntary Disclosure Agreement (VDA). Stay tuned.