Multi-State Business Operations
If you do business, have property or personnel in another state, you may need to file income tax returns there. States are becoming more aggressive in finding those businesses with a nexus and charging back taxes, penalties and interest for failure to file. The nexus rules for sales tax differ from those for income taxes.
Therefore, you may be required to collect sales tax in a state even if you are not required to file an income tax return in that state. Having a sales agent may be all a state needs to create nexus. Therefore, if you are doing business in more than one state, or expect to, give us a call to discuss your income and/or sales tax filing requirements.