New York State of Mind
Seminar breaks down the implications of New York’s new Internet tax law
* This new law doesn’t apply to all direct marketers, Isaacson noted. Those out-of-state merchants who don’t reach a threshold of $10,000/year (includes shipping and handling fees) in New York sales from these link or referral arrangements are exempt from the law. This threshold is determined retrospectively on a quarterly basis, Isaacson said. So every quarter you need to look back and see if you’ve reached the $10,000 threshold to determine your liability.
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