Aggressive New Notice/Reporting Rules and "Affiliate Nexus" Provision Adopted in Colorado and Under Consideration in California

Gall, Maryann B.; Kulwicki, Laura A.; Haedt, Allison
May 2010
Journal of State Taxation;May/Jun2010, Vol. 28 Issue 4, p5
Academic Journal
The article discusses the law in Colorado which imposes notice or reporting requirements on remote sellers that are not required to collect tax in Colorado and adopts affiliate nexus provisions. It notes that the law was enforced following the Great Depression which caused the decline in state tax revenues. It states that failure to provide the required notices and reports can result to penalties including 250,000-50,000 U.S. dollars for failure to provide notifications at the time of purchase.


Related Articles

  • Bulletproof your W-2s; fines for mistakes nearly doubled.  // HR Specialist: California Employment Law;Dec2015, Vol. 9 Issue 12, p5 

    The article reports on the increase on fines for failure in filing timely W-2 federal tax forms in the U.S.

  • NATURE OF CHANGES-CURRENT YEAR (TAX YEAR 2011).  // Internal Revenue Bulletin;10/31/2011, Vol. 2011 Issue 44, p631 

    The article reports on the increased penalties associated with Information Return filing and change of address and telephone numbers regarding tax law questions.

  • Tax Return Preparer Penalties. Bernhardt, Brian C. // Probate & Property;Jul/Aug2009, Vol. 23 Issue 4, p62 

    A summary is presented of the bill Internal Revenue Code 6694 on the monetary policies for tax advisors which was revised on May 25, 2007 in the U.S.

  • Minding Your Ts and Qs. Donlon Jr., John C. // Trusts & Estates;Nov2014, Vol. 153 Issue 11, p26 

    The article presents a comparison of distributions from qualified plans and non-qualified annuities (NQAs) under Sections 72(t) and 72(q) of the U.S. Internal Revenue Code (IRC), focusing on penalties, exceptions, and the tax-related aspects of withdrawing money from individual retirement...

  • Extenders bill seeks to even preparer standards. Russell, Roger // Accounting Today;6/16/2008, Vol. 22 Issue 11, p3 

    The article focuses on the potential for a new bill called the Energy and Tax Extenders Act to correct the imbalance between taxpayers and preparers in the U.S. in 2008. Changes in the Tax Code by the Small Business and Work Opportunity Act of 2007 are said to have tightened the disclosure...

  • New Snowbird Rules.  // Business in Calgary;Oct2014, Vol. 24 Issue 10, p48 

    The article reports on the migration laws and regulations in the U.S. It states that violations in the migration laws has several consequences such as banning from travel in the U.S., liability for estate and income taxes, and the loss of provincial health care. Director Roy A. Berg of law firm...

  • Small business IRS fine goes up to $1 million. Nichols, Mike // Grand Rapids Business Journal;1/4/2016, Vol. 34 Issue 1, p3 

    This article reports that the U.S. Internal Revenue Service has increased penalties for failure to file correct tax information beginning summer of 2016. Topics discussed include the increase in maximum penalties from 500,000 dollars to 1 million dollars for small businesses, comment from Kyle...

  • Part III. Administrative, Procedural, and Miscellaneous.  // Internal Revenue Bulletin;10/27/2014, Vol. 2014 Issue 44, p746 

    The article presents a notice on additional guidance concerning the codification of the economic substrate doctrine and associated penalty amendments in the U.S. Internal Revenue Service (IRS) in 2014. The notice offers guidance regarding the meaning of "similar rule of law" as depicted in the...

  • The IRS Mission.  // Internal Revenue Bulletin;11/26/2012, Vol. 2012 Issue 48, preceding p565 

    The article offers information on U.S. Internal Revenue Service (IRS). It states that IRS mission is to provide U.S. taxpayers top-quality service by helping them to meet and understand tax responsibilities and enforce the law with fairness and integrity to all. It mentions that the Internal...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics