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Most software founders treat sales tax as a solved problem once they implement a compliance platform and enable nexus monitoring. The more difficult question is not where you have nexus, but what exactly you are selling. That answer varies from state to state. It changes when legislatures amend statutes, when tax authorities issue new guidance…
Illinois’ newly enacted state budget includes the Digital Asset Tax Act (DATA), a transactional tax regime aimed at certain digital asset activities. DATA is scheduled to take effect January 1, 2027, and would impose a 0.2% tax that covered service providers must collect, separately state, report, and remit to the Illinois Department of Revenue. The…
You filed an extension expecting to owe nothing, then a penalty notice shows up in the mail anyway. If this has happened to you, you are not doing anything wrong on purpose, you are just running into the U.S. estimated tax system. The core idea is that taxes in America are on a pay-as-you-go system….
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