Sales and use taxes: An ongoing challenge

Description

Abstract: The U.S. Supreme Court’s landmark decision of South Dakota v. Wayfair is almost four years old. That makes now a good time for contractors to review their sales and use tax obligations. This article discusses the concept of nexus, notes some construction specifics and assesses the ultimate impact of Wayfair. A sidebar looks at the potential benefits of a reverse sales-and-use tax audit.