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Featured Tax Articles

Written by US and Canadian licensed CPAs. Covering US sales tax, Canadian tax compliance, cross-border ecommerce operations, and industry policy updates — keeping you ahead of North American compliance.

Significant Tax Risks Of International E-Commerce-5472 Tax Form – US Sales Tax
Significant Tax Risks Of International E-Commerce-5472 Tax Form – US Sales Tax

Form 5472 can be considered a guide for the IRS to understand the global transactions of domestic and foreign related parties, and the penalty for failing to file Form 5472 on time is up to $25,000.
What is a Resale Certificate? – US Sales Tax
What is a Resale Certificate? – US Sales Tax

A resale certificate is a signed document indicating that the purchaser intends to resell the goods and is usually provided by the retailer to the wholesaler.
What is the difference between Sales Tax and Use Tax? – US Sales Tax
What is the difference between Sales Tax and Use Tax? – US Sales Tax

Use tax is defined as a tax on the storage, use or consumption of taxable goods or services on which no sales tax has been paid. Learn more about difference between Sales Tax and Use Tax.
Sales Tax Accounting Setting – US Sales Tax
Sales Tax Accounting Setting – US Sales Tax

Learn more about Sales Tax Accounting Setting for US states.
Can sales tax be collected voluntarily when it is not required? – US Sales Tax
Can sales tax be collected voluntarily when it is not required? – US Sales Tax

There are times when the client may require the seller to collect tax to reduce their filing use tax requirements. Some buyers are government departments and require the seller to provide a registered tax number.
Does Each State Provide a List of “Taxable” and “Non-taxable” Items? – US Sales Tax
Does Each State Provide a List of “Taxable” and “Non-taxable” Items? – US Sales Tax

Depending on the laws of each state, there will be differences between products that are taxed and those that are not taxed.
How can taxpayers use “reasonable cause” to defend themselves and mitigate IRS penalties? – US Sales Tax
How can taxpayers use “reasonable cause” to defend themselves and mitigate IRS penalties? – US Sales Tax

For a variety of reasons, a taxpayer may believe that the IRS penalty is unreasonable. But what grounds of defence would be valid?
U.S. Sales Tax Knowledge 101 – US Sales Tax
U.S. Sales Tax Knowledge 101 – US Sales Tax

When expanding your business internationally, it is important to work with both legal and tax experts to avoid potentially costly mistakes and additional expenses in the future. Before embarking on any business, you should consult with local professionals, such as CPAs and attorneys.

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