The Top Five Reasons Why Sales Tax Should be a Priority Right Now! -By Michael J. Fleming

The world changed on June 21, 2018. This is the day the US Supreme Court said they made a mistake back in 1967. They said that they never should have introduced physical presence as a requirement for states to require sales tax collection from out of state companies. They said this in the Wayfair case and then went on to overturn the two landmark cases regarding physical presence: Quill and National Bellas Hess. (South Dakota v. Wayfair, Inc., 585 U.S. ___ (2018); National Bellas Hess v. Department of Revenue, 386 U.S. 753 (1967; Quill Corp. v. North Dakota (91-0194), 504 U.S. 298 (1992))

Read More
Michael Fleming
Foreign Formed Entities Don’t need ITIN to Get EIN/FEIN By: Michael J. Fleming

We have been receiving quite a number of calls recently from owners of foreign formed entities or their advisors. These owners and their advisors are being told they have to get an individual tax identification number or ITIN in order to apply for an employer identification number (EIN) or as it is sometimes called a federal employer identification number (FEIN). We have even seen a few articles suggesting the same. This information is incorrect.

Read More
Michael Fleming