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In 2010, Colorado became the first state to require nondomiciliary businesses without sales tax nexus to report all the necessary information to the Colorado Department of Revenue so that Colorado can collect its use tax from its resident individuals and domiciliary businesses. Assume you are responsible for sales tax issues for an online retailer from another state. You believe that the Colorado tax is unconstitutional based on a seminar you attended and the advice of your accounting firm. Would you recommend that your company comply with the Colorado law? Would your opinion change if the court overturned the Colorado law?

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Accounting Basics, Accounting

Category:- Accounting Basics
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