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New Illinois Online Sales Tax Law

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DO YOU LIVE IN ANOTHER STATE, AND SALE ITEMS TO OUT OF STATE ILLINOIS RESIDENTS?

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Beginning October 1, 2018, a retailer making sales of tangible personal property to purchasers in Illinois from outside of Illinois must register with the Department and collect and remit Use Tax if:
A) The cumulative gross receipts from sales of tangible personal
property to purchasers in Illinois are $100,000 or more; or
B) The retailer enters into 200 or more separate transactions for the sale of tangible personal property to purchasers in Illinois.
Should you have questions, need business tax preparation, business sales tax preparation, business entity creation, business insurance, or business compliance assistance please call our office at 855-743-5765, or contact us online at https://howardtaxprep.com/contact-us. Make sure to join our newsletter for more tips on reducing taxes, and increasing your wealth.

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