MEDIA ALERT: Roses Are Red, Violets Are Blue, Sugar Is Sweet, But Are Taxes Due?
--(BUSINESS WIRE)--Feb 11, 2020--
Wolters Kluwer Tax & Accounting:
What: Most states have a sales tax on consumer purchases. Currently, only five states do not: Alaska, Delaware, Montana, New Hampshire, and Oregon. However, state laws vary greatly as to what purchases are exempt from their sales taxes.
Why: The following are some likely categories of Valentine’s Day gifts and the states in which they are subject to sales tax or exemption:
Who: Tax expert Carol Kokinis-Graves, JD, Senior State Tax Analyst for Wolters Kluwer Tax & Accounting, is available to discuss the potential state sales tax issues surrounding Valentine’s Day gifts and similar state sales tax issues.
Contact: To arrange interviews with Carol Kokinis-Graves and other federal or state tax experts from Wolters Kluwer Tax & Accounting on this or any other tax-related topics, please contact:
View source version on businesswire.com:https://www.businesswire.com/news/home/20200211005919/en/
CONTACT: MARISA WESTCOTT
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: MEN RETAIL CONSUMER PUBLIC POLICY/GOVERNMENT ACCOUNTING RESTAURANT/BAR LUXURY PROFESSIONAL SERVICES DEPARTMENT STORES OTHER RETAIL WINE & SPIRITS WOMEN STATE/LOCAL FASHION
SOURCE: Wolters Kluwer Tax & Accounting
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PUB: 02/11/2020 02:00 PM/DISC: 02/11/2020 02:01 PM